In March of 2024, JoAnn Fabrics filed for bankruptcy, just to come out of it a month later as a private company.
When the company emerged from bankruptcy the first time, it announced that it would be closing some underperforming stores across America.
According to TheStreet, JoAnn Fabrics has around 800 locations left in America, even after recently announcing the upcoming closing of about 10 locations.
Less than a year from their first bankruptcy filing, the once-popular mega arts and crafts retailer is back underwater again and has filed for bankruptcy a second time.
According to Fox Business, interim CEO Michael Prendergast said Tuesday (Jan. 14) that the Ohio-based crafts retailer had been dealing with a difficult retail…
