Joann Fabrics files for bankruptcy again
- Joann, the fabrics and crafts retailer, has filed for bankruptcy for a second time within a year and announced that it's seeking a sale.
- The 82-year-old retailer stated that sluggish sales and inventory issues forced Joann to file for Chapter 11 again.
- Joann first filed for bankruptcy in March 2024 and emerged a month later as a private company, keeping all of its stores open.
- Joann's stores and website remain open while it navigates the sales process.
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Total News Sources0
Leaning Left14Leaning Right7Center76Last UpdatedBias Distribution78% Center
Bias Distribution
- 78% of the sources are Center
79% Center
14%
C 79%
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