Joann stores closing
Joann, the Bankrupt Fabrics Retailer, Closing 500 of Its 800 Stores Joann, the well-known fabrics and crafts retailer, is set to close more than half of its 800 stores across the United States in the coming months as part of its ongoing bankruptcy process. In a statement to CNN, Joann confirmed that approximately 500 stores will shut down, calling the move a “critical part of our efforts to ensure the best path forward.” “This was a very difficult decision to make, given the major impact we know it will have on our team members, our customers, and all of the communities we serve,” a Joann spokesperson said. While Joann did not release a specific list of affected locations, court filings indicate that closures will occur in all 50 states, with states such as California, Florida, Indiana, Michigan, New York, Pennsylvania, and Washington seeing significant reductions in store numbers. A Second Bankruptcy in Less Than a Year This latest round of closures follows Joann’s second bankr...
