India, May 27 -- After more than 80 years in business, all Joann stores are set to permanently close by May 31. The beloved fabric and craft retailer is shutting its doors for good.

Back in April, Joann closed 255 of its stores, just months after filing for Chapter 11 bankruptcy for the second time in a year. Since then, the company has been holding going-out-of-business sales at many of its locations.

According to Joann.com, prices at these sales have been heavily discounted-ranging from 70% to 90% off. (Online sales have already ended.) In addition to crafts and fabric, stores are also selling off furniture, shelves, and other equipment.

The remaining 440+ stores will close by the end of May, according to Jo Anne McCusker, spokespers...