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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 ...
Joann, an 82-year-old fabric and craft retailer, announced it has filed for Chapter 11 bankruptcy for a second time within a year due to financial and inventory issues.
Joann, the retailer known for selling fabrics and crafts for the last 82 years, has filed for bankruptcy and says it is preparing to close more than half of its U.S. locations.. The retailer told ...
The spokesperson said the closures are part of the ongoing Chapter 11 process and that Joann has already filed a motion in court to get the go-ahead to shutter the roughly 500 locations.
Approximately 500 Joann stores will be closing, according to a statement from the chain given to CNN. Right now, it operates 800 stores across the U.S., so that means over half its locations will ...
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Joann is now seeking a sale of substantially all of its assets. Gordon Brothers Retail Partners, which recently bought much of Big Lots , is the stalking horse bidder at an undisclosed price.
Crafters in 49 states may want to think about stocking up on supplies, as fabric and craft chain Joann prepares to close more than half of its U.S. locations.. The retailer told USA TODAY in a ...