Stores will begin going-out-of-business sales immediately, the company said on its restructuring website. While the retailer will no longer live on in brick-and-mortar stores, Joann’s brand could survive if another company buys its intellectual property.

Joann Fabrics announced it will be closing all 800 of its stores across the country.This news is making seamstresses and fabric artists nervous about where they will go to buy fabric.While online might seem like the best option,