Joann Stores Closures and Layoffs: Joann Fabrics and Crafts Stores File Bankruptcy
With mounting debt, changing customer tastes, diminishing sales, and rising expenses, Joann Inc., a retailer of crafts and fabric, is now facing bankruptcy, which was all but inevitable. Joann filed for Chapter 11 bankruptcy. Despite the financial obstacles, the Hudson, Ohio-based corporation plans to continue operating Joann stores at more than 800 locations during the […]
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