Description
Joann, the crafting and fabrics retailer, will be shutting down and conducting going-out-of-business sales at all its store locations.
The company declared chapter 11 bankruptcy in January for the second time in less than a year, initially saying it would keep stores open while restructuring its debt and trying to find a buyer. However, earlier this month Joann received court approval to close more than half of its remaining stores.
But now, just a couple weeks later, the plan is for all of its roughly 800 locations to close and for the struggling retailer to shutter after more than 80 years in business.
MORE: https://www.wthr.com/article/news/nation-world/joann-going-out-of-business-all-stores-closing/507-793f19c3-b54a-4984-b4f6-65e757bb798b