Joann Fabrics Announces Closure of 500 Stores Amid Second Bankruptcy Filing
In a significant move affecting the retail landscape, Joann Fabrics and Crafts has announced plans to close approximately 500 of its 800 stores across the United States. This decision comes as the company navigates its second Chapter 11 bankruptcy filing within a year, aiming to restructure and stabilize its financial standing. Background of Joann’s Financial … Read more