MICHIGAN — Liquidation sales have begun at most Michigan Joann Fabrics and Crafts stores after the retailer announced it would be closing 500 stores nationwide after filing for Chapter 11 bankruptcy for the second time this year.
“Your overwhelming demonstration of how much everybody loves JOANN has meant more to us than you know. Although we regrettably will be closing some stores, we are grateful to continue our mission of inspiring creativity in our customers online and in stores across the country,” the company said on its website.
The Cleveland, Ohio-based company cited rising costs and dwindling demand for its financial difficulties, as more sewists, quilters, knitters and other craft enthusiasts are buying supplies…
