Joann plans to close roughly half its stores after bankruptcy filing
LA TimesAfter filing for bankruptcy protection twice in less than a year, the crafts and fabric retailer Joann is moving to close around 500 stores across the country, including nearly 60 in California. “The last several years have presented significant and lasting challenges in the retail environment, which, coupled with our current financial position and constrained inventory levels, forced us to take this step,” said Joann interim Chief Executive Michael Prendergast in a statement after the January Chapter 11 filing. The department store chain JCPenney has plans to close eight stores by midyear, including one in San Bruno, Calif., the company said in a statement to The Times this week. The chain closed around 200 stores after filing for Chapter 11 bankruptcy protection in 2020 and has since emerged from bankruptcy.
History of this topic
Fabric giant Joann is closing down. What happens to those who relied on the retailer?
NPR
Fabric and crafts retailer Joann closing all stores
Salon
Craft retailer to close all 800 stores after 80 years
The Independent
Joann, fabrics retailer, to go out of business and close all of its stores
CNN
Fabric And Craft Retailer Joann To Go Out Of Business, Close All Of Its Stores
Huff Post
Fabric and craft retailer Joann to go out of business and close all of its stores
Associated Press
Joann fabrics closing more than 500 stores in 49 states — see the full list of locations
The Independent
Joann moves to close 500 of its stores across the US amid bankruptcy
Associated Press
Craft supplies retailer Joann declares bankruptcy for the second time in a year
LA Times
Joann files for bankruptcy — again
CNN
Retailer Joann Is Considering Second Bankruptcy Filing in a Year
Live Mint
Clothes retailer Express files for bankruptcy protection and announces it will close over 100 stores in US
Daily Mail
Crafts retailer Joann files for Chapter 11 bankruptcy as consumers cut back on pandemic-era hobbies
Associated Press
The arts and crafts giant Joann files for bankruptcy, but stores will remain open
NPR
Big chains filed for bankruptcy and closed stores every week in July
CNNDiscover Related