Joann Fabrics has shifted course and will now close all of its locations. The bankrupt fabrics retailer announced earlier this month they planned to close 500 of their 800 stores. Sunday, they announced all of their assets will be sold to GA Group,
Fabric and crafts retailer Joan is closing all of its remaining stores after failing to find a buyer that would keep them open.
Joann Fabrics announced financial trouble is forcing them to close hundreds of locations nationwide, including nearly all of the stores in Southeast Wisconsin.
(NEXSTAR) — Less than a month after filing for Chapter 11 bankruptcy protection for the second time in a year, craft retailer JOANN is preparing to close hundreds of stores. In a recent court filing, JOANN listed roughly 530 “underperforming” stores ...