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Bad news for the crafters out there: more Joann fabric and craft stores are slated to close in the coming weeks, according to industry and local reports.. The retailer, which operates around 850 ...
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 ...
On Wednesday, Joann said it would be closing "approximately 500" of its about 850 locations in the U.S. In a statement to USA TODAY, the company said it is looking to "right-size its store footprint."
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Joann is now seeking a sale of substantially all of its assets. Gordon Brothers Retail Partners, which recently bought much of Big Lots , is the stalking horse bidder at an undisclosed price.
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