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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 ...
The craft supplies and fabric retailer Joann filed for bankruptcy for the second time in less than a year, as the chain wrestles with declining sales and inventory shortages, the company said ...
Jo-Ann Stores, LLC, more commonly known as Jo-Ann (stylized as JOANN), is an American fabric and crafts retail company based in Hudson, Ohio. It operates the retail chains JOANN Fabrics and Crafts and Jo-Ann Etc. As of March 2020, Joann has 865 stores in 49 states. Joann was privately owned by Leonard Green & Partners before going public in ...
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."
Wade Miquelon (born October 28, 1964) is an American business executive and former CEO of Jo-Ann Stores. He was previously an executive at Procter & Gamble and Walgreens.
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