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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, 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.
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 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.
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Joann’s Second Bankruptcy in Less Than a Year. The 82-year-old retailer, known for its sewing supplies, fabrics, and general crafting needs, first filed for bankruptcy in March 2024. https://www ...
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 ...