Several Joann stores are closing as the fabric and crafts store files for Chapter 11 bankruptcy for the second time.
Joann Inc., the Hudson, Ohio-based parent of hundreds of Jo-Ann fabrics and craft stores nationwide, filed for Chapter 11 bankruptcy protection in Delaware on Wednesday — the company's second bankruptcy filing in two years.
Joann did not provide information on the date of the impending closings. Local news outlets in Pennsylvania, Iowa, Massachusetts and Delaware reported dates for local store closures ranging from Jan. 12 to Jan. 19. A worker at the Owings Mills, Maryland, location said it would be closing Jan. 19.
Multiple Joann fabric and craft stores are reportedly set to close, less than a year after the company filed for bankruptcy.
Craft retailer Joann Inc filed for Chapter 11 protection in Delaware on Wednesday, saying that inventory shortages had forced it to back into bankruptcy for the second time in less than a year.
This is the second time Joann has declared bankruptcy in less than 12 months. In April 2024, the company completed a restructuring that saw it delisted from the U.S. stock exchange and become a private company as part of a bankruptcy deal.
This is the second time in less than a year that the retailer has filed for bankruptcy. Its stores are likely to close.
Craft and fabric supplier Joann is closing at least eight United States stores, according to industry reports. Here's what Arizona shoppers must know.
Could a Joann fabric and craft store be closing near you? The national retail chain has announced more closures.
The retail chain could hold an auction for its assets should multiple bidders emerge during the bankruptcy process, the company said.
As the year begins, some retailers are making the tough decision to shutter stores across the country. Some are closing permanently and as they announce their waves closures. Customers will have to say goodbye to some department store locations such as Macy's and Khols.
Joann, a fabric and craft retailer, announced it filed for bankruptcy for the second time within a year due to financial and inventory issues.