Joann Inc. files for second bankruptcy, plans to sell assets
Joann Inc., the Hudson, Ohio-based parent of hundreds of Jo-Ann fabrics and craft stores nationwide, filed for Chapter 11 bankruptcy protection in Delaware on Wednesday — the company's second bankruptcy filing in two years.
Joann files for bankruptcy, again: What this means for CT fabric and craft stores
Opening in 1942 in Cleveland, Ohio, Joann has grown to be one of the most prevalent fabric and crafts stores in the U.S., competing with major stores like Hobby Lobby, Michael’s, Target, Walmart, and dozens of independent stores.
Joann files for bankruptcy a second time, and this unexpected bidder might buy the company
Joann is filing for bankruptcy for the second time since last March, and there is already talk of a bidder that might buy the company. The fabrics and crafts company, which has been in business for 82 years,
Joann Inc. planning for mass layoff at corporate headquarters after bankruptcy filing
Since emerging from bankruptcy court as a private company in April 2024, Joann Inc. has worked to improve its store inventories and become profitable again. However, before this process was completed, Joann experienced increasingly tight cash flow, making it impossible to make its debt payments, the company said in a bankruptcy court filing.
Joann files for bankruptcy for second time in less than a year
We hope that this process enables us to find a path that would allow Joann to continue operating as a going concern.” As part of the bankruptcy proceedings, Joann is seeking court approval for the sale of substantially all of its assets to Gordon Brothers Retail Partners,
Joann fabric, craft stores declare bankruptcy. Could Mississippi stores close? What we know
Could a Joann fabric, craft store be closing near you? The national retail chain is declaring bankruptcy for the second time ...
Jo-Ann Fabrics files for bankruptcy again
Craft retailer JOANN has filed for Chapter 11 bankruptcy for the second time in a year Wednesday morning. Now, the company ...
Craft retailer Joann Fabrics is closing at least 6 stores: This NC location is on the list
Currently, Joann Fabrics operates 830 stores in 49 states. Sixteen of these stores are in N.C., including locations in ...