JOANN

Joann Fabric and Craft Stores Announce Plan to Close 500 Locations Amid Bankruptcy Struggles

3 months ago

Amid a significant financial restructuring process, Joann Fabric and Craft Stores have revealed plans to shutter 500 of their retail locations across the United States. This decision comes as the company grapples with mounting debt and a struggling business model, necessitating a major overhaul to stabilize its operations.

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

4 months ago

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.

JOANN Faces Financial Struggles: Engages Advisers Amid Liquidity Pressures

5 months ago

In a concerning development for the crafts retail sector, JOANN Inc., the well-known crafting retailer, has recently enlisted the assistance of specialized financial advisers to address significant liquidity pressures. This strategic move comes as the company grapples with increased cash flow challenges, raising concerns about its financial stability moving into the new year.