Joann files for bankruptcy for second time in less than a year
For the second time since March, national crafts retailer Joann has filed for Chapter 11 bankruptcy and is now looking for a buyer. On Tuesday, the Ohio-based chain confirmed stores will remain open and employees will continue to be paid while it seeks a sale of the company.
The 82-year-old retailer Joann confirmed in a corporate statement Wednesday that ongoing soft sales and inventory issues had ...
Since emerging from bankruptcy court as a private company in April 2024, Joann Inc. has worked to improve its store ...
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