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Joann, the retailer known for selling fabrics and crafts for the last 82 years, has filed for bankruptcy and says it is preparing to close more than half of its U.S. locations.
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A typical Jo-Ann store in Henderson, Nevada Jo-Ann store on US 1 in Saugus, Massachusetts. Fabri-Centers acquired House of Fabrics, which also previously operated as Fabricland, Fabric King, and So-Fro Fabrics, in 1998. [6] In September 1998, the company changed its name to Jo-Ann Stores Inc., [7] and all of its stores were renamed Jo-Ann Fabrics.
Approximately 500 Joann stores will be closing, according to a statement from the chain given to CNN. Right now, it operates 800 stores across the U.S., so that means over half its locations will ...
Joann, the 81-year-old fabric and craft retailer, has filed for bankruptcy as it struggles with customers cutting back on discretionary spending.
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