TSL Express Daily News

Starting discounts of up to 40% off across all store merchandise

GA Group is managing the store closing sales together with Tiger Group

HUDSON, Ohio, March 6, 2025 /PRNewswire/ -- JOANN, the fabric and crafts retailer, has commenced store closing sales at all 790 locations nationwide. The sale offers customers significant discounts on a wide assortment of crafting, sewing, and home décor products while supplies last. Initial discounts start at up to 40% off store merchandise.

The store closing process is being managed by GA Group, a leading asset disposition, valuation, appraisal, and real estate services firm with extensive expertise in large-scale retail liquidations, together with Tiger Group as part of a joint venture

"JOANN has been a beloved destination for makers and craft enthusiasts for more than 80 years," said Tim Shilling of GA Group. "As we begin this store closing process, our priority is to ensure an orderly wind-down of the retailer's operations while providing customers with exceptional savings on their favorite crafting and home décor products. This sale is a great opportunity for shoppers to take advantage of these deep discounts before stores close."

Tiger Group, the financial, disposition, asset-valuation and advisory services firm, which is assisting in managing the store closing sales, emphasized the opportunity for customers to take advantage of these special discounts. "This sale represents an extraordinary chance for JOANN's loyal customers to find great deals on their favorite craft and home décor supplies," said Michael McGrail of Tiger Group. "We encourage shoppers to visit early for the best selection."

GA Group was recognized as the successful bidder to serve as JOANN's exclusive agent to monetize substantially all of JOANN's assets pursuant to an auction approved by the U.S. Bankruptcy Court for the District of Delaware on February 26, 2025.

All sales are final during this store closing event. The sale is expected to last for approximately 12 weeks, until the end of May, or until supplies last. All furniture, fixtures, and equipment are also available for purchase. The retailer's intellectual property and leases will also be sold as part of this process.

For more information on store locations and sale details, shoppers are encouraged to visit www.joann.com.

About Tiger Group
Tiger Group provides asset valuation, advisory and disposition services to a broad range of retail, wholesale, and industrial clients. With over 50 years of experience and significant financial backing, Tiger offers a uniquely nimble combination of expertise, innovation, and financial resources to drive results. Tiger's seasoned professionals help clients identify the underlying value of assets, monitor asset risk factors and, when needed, provide capital, or convert assets to capital quickly and decisively. Tiger maintains offices in New York, Los Angeles, Boston, Chicago, Houston and Toronto.

About GA Group
GA Group is a privately held, global firm offering a comprehensive set of tailored solutions to meet our clients' diverse needs. Our experts value, monetize, lend against, or acquire assets across a broad range of sectors from both healthy and distressed companies. GA Group and its predecessors are celebrating 50 years of customer service, and the company's leadership has over 100 years of collective experience in the industry. GA Group is majority-owned by funds managed by Oaktree Capital Management, L.P.

Advisory | Retail | Wholesale & Industrial | Real Estate
More information can be found at: http://www.gagroup.com. 

Media Contact:
Jo Anne McCusker on behalf of GA Group
391144@email4pr.com
+1 (917) 740-9499