Joann fabrics closing 6 NJ stores amid bankruptcy. See which locations

Category: Business

Joann fabrics is closing six of its 11 stores in New Jersey as part of a bankruptcy plan to shut down 500 underperforming locations nationwide. The company, which recently declared Chapter 11 bankruptcy for the second time, cited sluggish sales and significant debt as reasons for the closures. Joann emerged from bankruptcy last April but has struggled with inventory issues and a decline in craft engagement post-pandemic.

Keywords: Joann fabrics, bankruptcy, store closures

Source: NorthJersey.com

Update At: 2/13/2025

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