Joann fabric and craft stores initiated liquidation sales on February 15, indicating stores will close at different times with discounts starting at 20%. Some products, particularly Christmas items, were marked down by up to 60%. A corporate memo suggested that as inventory diminishes, discounts might increase, although some locations could abruptly close to offload remaining stock to other outlets. Gift cards remain valid in-store until the end of February. Out of 14 Bay Area locations, one store is exempt from the closures, while detailed liquidation processes remain unclear for others.
Liquidation sales began on February 15 at numerous Joann fabric and craft stores, with discounts starting at 20% and some items reduced by up to 60%.
As stock decreases, shoppers expect discounts might further increase, though some stores may close suddenly, transferring inventory to alternative outlets.
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