Joann Fabrics and Crafts to Close All U.S. Stores Amid Bankruptcy
Joann, a long-standing retailer in the fabric and craft industry, has announced its decision to close all of its stores across the United States following a tumultuous bankruptcy process. This closure comes only a month after the company filed for Chapter 11 bankruptcy and failed to find a buyer to continue operations. The retailer, which has been in business for over 80 years, will begin going-out-of-business sales in the coming weeks. All locations, including those in states like Wisconsin, Colorado, and Texas, will shut down as part of the nationwide liquidation. The announcement marks a significant chapter in the retail landscape, reflecting ongoing challenges faced by traditional brick-and-mortar stores.
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