Fabrics retailer Joann has started going-out-of-business sales at some locations after filing for bankruptcy and announcing the closure of hundreds of stores.

The retailer known for selling fabrics and crafts for the last 82 years is closing about 500 of its roughly 850 locations across the United States. The news comes after the company filed for bankruptcy for the second time in less than a year.

According to the company, it received court approval for the restructuring plan on Friday. It now says clearance sales at the locations set to close are now underway and "could continue for several months.'

"The remainder of our stores are not impacted by this motion, and will remain open as usual, as will joann.com,” the company said in a statement.

Here is what you need to know about the sales.

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When is Joann going out of business sales starting?

According to Joann, going-out-of-business sales already began at closing locations on Saturday, Feb. 15 and are expected to run for months. 

“Only inventory available on-site at those stores will be part of the closing sales,” the company said in a release.

Although no information on specific discounts is available online, USA TODAY was able to confirm sales at locations in Arizona, California, Massachusetts and Florida.

In the stores contacted by USA TODAY, base discounts ranged between 10 and 20%, with some Christmas items seeing discounts as high as 75%.

Is Joann accepting gift cards?

Joann’s restructuring website says it is not accepting gift cards at this time, discounts for Girl Scouts, teachers, military and healthcare are also paused. The company also says returns are not being accepted at the closing stores.

Which Joann stores are closing?

Contributing: Jim Sargent

Fernando Cervantes Jr. is a trending news reporter for USA TODAY. Reach him at [email protected] and follow him on X @fern_cerv_.