Bankrupt retailer Joann fabrics has been bought by GA Group, an asset disposition company, which will close all locations and hold GOB sales.

One person shared their experience, “We saw an ad for Joann Fabrics 'bankruptcy' going-out-of-business sale, which led to a website (joann-us.com) advertising 80-90% off of various things.

More than 800 locations across the country are currently conducting going-out-of-business sales, offering customers "special prices" on all items, before completely shuttering operations.