Joann moves to close 500 of its stores across the U.S. amid bankruptcy
Last month, the Hudson, Ohio-based retailer filed for Chapter 11 bankruptcy protection for the second time within a year.
Craft supplier Joann to close 60% of its stores across U.S. as it looks for a buyer
The move to close 500 stores comes after Joann declared bankruptcy for the second time in less than a year. The closures would leave it with far fewer stores than competitors Hobby Lobby and Michaels.
Joann Fabrics stores closing across the country. How did the craft store giant get here?
As Hudson-based Joann plans to close 500 of its roughly 850 stores in the U.S., we took a look back at how the retail chain got to this point.