As Joann Fabrics, the retail craft and fabric store, prepares to close, scammers are taking advantage by creating fake online promotions. The Federal Trade Commission (FTC) has issued a warning regarding these deceptive ads, which are prevalent on social media platforms like Facebook and Pinterest. These ads lead consumers to fraudulent websites claiming to offer great deals on going-out-of-business merchandise. Consumers are urged to be cautious, only shop in-person, and report any suspicious ads. Remember, legitimate sales are not happening online during this closure.
In short, yes, Joann Fabrics is going out of business, but the Joann going-out-of-business online sale you saw advertised on Facebook or Pinterest is fake.
People report seeing ads for an online JOANN's bankruptcy sale while browsing sites like Facebook, Pinterest, or Nextdoor. But JOANN isn't selling online anymore.
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