Joann Inc.’s transfer to cease taking reward playing cards after Feb. 28 has angered among the crafts retailer’s clients as the corporate winds down its operations.
The corporate introduced earlier this yr that it had entered Chapter 11 chapter safety for a second time to “facilitate a sale process to maximize the value of its business.”
Joann first filed for Chapter 11 in March 2024.
Joann stated on Feb. 23 that GA Group and its prepetition time period mortgage agent would develop into the homeowners of “substantially all” of the retailer’s belongings, with these successful bidders having since began going-out-of-business gross sales in any respect Joann’s places.
A doc on the retailer’s restructuring web site stated Joann shops would “be accepting gift cards through February 28.”
The corporate has a whole lot of places throughout the US.
The closing gross sales being held on the shops will final about 12 weeks “until the end of May, or until supplies last,” GA Group stated in a press launch earlier this month.
ED SEMMLER/SOUTH BEND TRIBUNE / USA TODAY NETWORK through Imagn Photos
Social media customers expressed dissatisfaction in current days about not with the ability to use Joann reward playing cards.
A Fb person referred to as it “highway robbery” that Joann “will not honor gift cards when they gladly accepted the money for them.”
“I just want you to know how incredibly upsetting it is that you cut off our ability to use gift cards. Regardless of the fact that you are closing, your business took money and now refuses to give the product in exchange for it,” an Instagram person stated.
“So upset you cut off gift cards so quickly and with little notification,” one other Instagram person stated.
FOX Enterprise reached out to Joann for remark.
Joann stated on its restructuring web site that shops will maintain their doorways open till the closing gross sales finish, with its web site and app remaining operational throughout that point solely for shopping and product availability data.
Clients should go to a bodily retailer to make a purchase order.
In its January chapter submitting, the retailer estimated it had $1 billion-$10 billion in belongings and liabilities.
