Joann fabric and craft company announces plans to close 500 stores amid Chapter 11 bankruptcy
Joann, the well-known fabrics and craft store company, has announced plans to close approximately 500 stores across the country as it seeks to reorganize during Chapter 11 bankruptcy protection, the company announced this week.
Joann asks bankruptcy court for OK to liquidate, close over 500 locations
In a Feb. 12 court filing, Joann lays out 533 locations in a list of “initial store closings,” which amounts to approximately 63% of the roughly 850 stores the company reported having as this latest bankruptcy commenced last month.
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Craft retailer Joann said on Wednesday it has sought the court's permission to close 500 stores across the United States as ...
The initial store closing list for crafting retailer Joann includes at least one location in all 50 states, except Hawaii.
University of Akron professors say there's still a market for bricks-and-mortar-craft retailers, but continuing Joann's path is up to next owner.
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