According to reports, the beleaguered fabric and crafts store may consider a second bankruptcy filing. Joann filed for bankruptcy last March.
On the heels of store closures announced by Joann Fabrics, Kohl's is planning to close 27 stores, including two in Ohio. Here's where they are.
Fabric and craft retailer JoAnn has let 661 workers at its Summit County, Ohio headquarters know that they could be unemployed by March if a buyer isn’t found for the company.
Several Joann stores are closing as the fabric and crafts store files for Chapter 11 bankruptcy for the second time.
Multiple Joann fabric and craft stores are reportedly set to close, less than a year after the company filed for bankruptcy.
On the heels of store closures announced by Joann Fabrics, Kohl's is planning to close 27 stores, including two in Ohio. Here's where they are.
Stores will remain open for now, but Joann says a “stalking horse” bidder has grim plans for the beloved arts-and-crafts retailer if it can’t find a better offer. Popular arts-and-crafts retailer Joann Inc.
When the company exited bankruptcy in April 2024, it touted its "strongest financial foundation in many years."
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.
Craft retailer JOANN, formerly known as Jo-Ann Fabrics, filed for Chapter 11 bankruptcy for the second time in a year Wednesday morning. Now, the company has moved to sell the company. The filing comes after JOANN moved to close several of its locations around the nation.
Joann Fabrics could be going out of business amid bankruptcy if a buyer isn't found. Here are the Ohio and Northern Kentucky stores that might close.