NEW YORK (AP) — Fabric and crafts retailer Joann has filed for Chapter 11 bankruptcy protection, as consumers continue to cut back on discretionary spending and some pandemic-era hobbies. Join our WhatsApp group Subscribe to our Daily Roundup Email In a Monday statement, the Hudson, Ohio-based company said that it expected to emerge from bankruptcy
Fabric and crafts retailer Joann has filed for Chapter 11 bankruptcy protection, as consumers continue to cut back on discretionary spending and pandemic-era hobbies. The Hudson, Ohio-based company said that it expected to emerge from bankruptcy as early as the end of next month. Following this process, Joann will likley become privately-owned by certain lenders and industry parties, the company added — meaning its shares would no longer be listed on stock exchanges. Joann’s more than 800 stores...
The Federal Trade Commission found that big retailers threatened to punish suppliers unless they got first dibs on food and household goods.
The fabric and crafts retailer operates 800 stores and a website.
The sewing and fabric retailer JOANN has filed for Chapter 11 bankruptcy, announced Monday by the company.
Crafts retailer JOANN filed for Chapter 11 bankruptcy early Monday morning. The company, with over 800 stores nationwide, is best known for selling craft supplies, home decor and sewing supplies.
(WJET/WFXP) — Crafts Retailer JOANN filed for Chapter 11 bankruptcy early Monday morning. The company, with over 800 stores nationwide, is best known for selling craft supplies, home decor and sewing supplies. The recent filing allows JOANN to continue to operate while they repay their debts, that means no stores or online shopping is expected []
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