Craft and fabric retailer Joann started its going-out-of-business sales at 500 locations, including 11 in Arizona. Here's what shoppers should know.

Just a month and a half into the new year, several companies with brick-and-mortar presences have planned sweeping 2025 closures, the largest of which include Party City, Big Lots and craft store Joann, which announced the impending closure of more than 500 of its roughly 800 stores nationwide this week.