Joann moves to close 500 of its stores across the US amid bankruptcy

Category: Business

Joann plans to close about 500 stores across the U.S. amid its second Chapter 11 bankruptcy filing within a year, citing sluggish consumer demand and inventory shortages. The closures are part of a strategy to sell the business and right-size its operations, impacting its workforce and communities.

Keywords: Joann, bankruptcy, store closures

Source: ABC11 Raleigh-Durham

Update At: 2/13/2025

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