Embattled retailer Joann Inc. (OTC:JOANQ) announced that it plans to tell the bankruptcy court in Delaware that it will close all of its stores. The company has already begun going-out-of-business sales as part of the process.

With stores in every state except Hawaii, Joann was known as the place to go for kids doing school projects or moms sewing costumes.

Joann, the major national retailer of fabric and craft supplies, is going out of business and closing all of its roughly 800 stores. What does that mean for professionals who relied on the chain?

Whether shopping for creative ideas or fabric, crafters and those who sew say the chain offers the best selection, and inspiration.

Joann was one of the best places to buy fabric, but with the store closing, quilters are left looking for new shops. Here are our favorites, including Spoonflower, Hawthorne, and Etsy.

Fabric and crafts retailer Joann Inc., which has been a destination for generations of quilters, knitters and other lovers of crafts, is going out of business.

Joann has announced its plans to shut down all its fabric and craft stores following a bankruptcy filing in January. In a statement released on Sunday, the company confirmed that GA Group, along with the Prepetition Term Loan Agent, has been chosen as the winning bidder to acquire nearly all of Joann's assets.

As Joann Fabrics closes its retail stores, many mourn the loss of easily accessible materials, an entry point for hobby newcomers and a sense of community.

Joann Fabrics and Crafts announced Monday it was closing all its stores nationwide, including 24 locations in Wisconsin.

The sole Joann fabric store in El Paso and hundreds of locations across 40 states will close. After filing for Chapter 11 bankruptcy for the second time within a year, Joann's remaining assets were auctioned.