Joann, a craft and fabric store on SW Sixth Street in Redmond, will close as its parent company enters bankruptcy proceedings.

The last day for the store, which anchors the southern end of the downtown shopping and dining district, is not yet known. The parent company of Joann received court approval to begin the process of closing 500 stores across the country, which includes the Redmond location.

Liquidation sales start this week, according to the Joann store court filings. 

In addition, the Big Lots in Bend is set to close as well. Big Lots announced in 2024 that it was selling most of its stores and assets and at the same time initiated Chapter 11 bankruptcy proceedings. In the company’s statement announcing its need to file for bankruptcy, it said that high inflation and interest rates affected its bottom line especially since its core customers curbed discretionary spending on home and seasonal products.