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Joann, an 82-year-old fabric and craft retailer, announced it has filed for Chapter 11 bankruptcy for a second time within a year due to financial and inventory issues.
Crafts retailer Joann files for bankruptcy for the second time in less than a year. Find out what's in store for the 82-year-old retailer, known for its sewing supplies, fabrics, and general ...
Joann first filed for bankruptcy in March 2024 and emerged a month later as a private company, keeping all of its stores open. Joann blamed inventory issues that were “acute and unexpected ...
After emerging from Chapter 11 bankruptcy last April, the crafts and fabric supplier Joann has filed for bankruptcy again amid sales troubles and inventory challenges.
Joann, the 81-year-old fabric and craft retailer, has filed for bankruptcy as it struggles with customers cutting back on discretionary spending. Joann, the 81-year-old fabric and craft retailer ...
Joann Fabrics and Crafts has filed for Chapter 11 bankruptcy as it seeks to reorganize its finances. In a release accompanying its filing, Joann said stores and the company's website would remain ...
JOANN filed for bankruptcy on January 15, 2025, less than a year after filing previously and closing no stores. The arts and crafts chain revealed that while no closures were planned, it was $615 million in debt from declines or outright cessation of inventory production, putting it an "untenable position."
People walk into and out of a Joann store, Sept. 6, 2007, in Garfield Heights, Ohio. Credit - Tony Dejak—AP Photo. F abric and crafts retailer Joann Inc. filed for bankruptcy, unable to sustain ...