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. The company originally ...
Joann fabrics and craft store filed for bankruptcy for a second time within a year and is seeking a sale. The retailer said sluggish sales and inventory issues forced Joann to file for Chapter 11 ...
Joann Fabrics has once again filed for Chapter 11 bankruptcy protection and said it would try to sell the business. “The company is seeking court approval to begin a process for the sale of ...
Meanwhile, there's another major retailer that could be headed for the same ending that befell Christmas Tree Shops and Big Lots recently. According to CNN, Joann Fabric has filed bankruptcy for a ...
In March of 2024, JoAnn Fabrics filed for bankruptcy, just to come out of it a month later as a private company. When the company emerged from bankruptcy the first time, it announced that it would ...
After filing for bankruptcy in 2024, Joann Fabrics plans to close locations in several states. Following the bankruptcy filing in March 2024, the company was expected to receive about $132 million ...