Joann Faces a Potential Second Bankruptcy Filing in a Year: What It Means for Retail

In a troubling development for the crafts and fabrics retailer, Joann Inc. is reportedly contemplating a second bankruptcy filing within a year. The once-celebrated chain, which has been a go-to destination for DIY enthusiasts and crafters, is now grappling with significant financial challenges that have raised alarm bells among investors and stakeholders.

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