Retail chain JOANN announces the closure of 61 stores across California and 500 stores nationwide.
Joann, a popular retailer of clothing apparel and accessories, has announced that it will be closing all of its approximately 800 stores nationwide, including multiple locations in California. The closures are planned to be completed by May 2025 as part of Joann's bankruptcy proceedings [1][2][3].
The California Department of Transportation (Caltrans) has also announced a scheduled 91-hour closure of Valley View Ave. between Artesia Blvd. and Alondra Blvd., starting April 2024. This closure is for retaining wall construction before opening the first half of the new Valley View Ave. Bridge in Santa Fe Springs [4].
Meanwhile, Sears is planning to close 19 stores in California. Transform Holdco, the company that bought Sears Holdings, has announced plans to close 96 stores (51 Sears and 45 Kmart) nationwide by the end of February [5].
Joann's California store closures include specific locations such as the Bakersfield Ming Retail Center (April 24, 2025), Eureka Harris Street (April 25, 2025), Corte Madera Tamal Vista Blvd., and Yuba City locations [5]. The company is shutting down all locations across 49 states due to financial troubles and two bankruptcy filings in less than a year, blaming inventory issues among other factors [1][2].
The exact dates for the Sears store closures in California have not been announced yet, but they are expected to take place in early October [5]. The process for both Joann and Sears store closures is ongoing, with announcements made in early 2024 and into mid-2025.
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The industry news has revealed that Joann and Sears are both facing challenges, with Joann closing all its stores due to financial troubles, and Sears planning to close 19 stores in California as part of Transform Holdco's nationwide closures. In community news, the California Department of Transportation announced a closure of Valley View Ave. for retaining wall construction, unrelated to the business closures. Finally, finance experts are closely watching these events as they unfold in the retail and transportation sectors.
