Online competition, hedge funds push JOANN to bankruptcy, close stores - The Baylor Lariat

Joann’s Fabric and Craft Store closes after 82 years of business

All 850 Joann’s Fabric and Craft Stores across the country will close after the company filed for Chapter 11 bankruptcy twice in less than a year. This i

Online competition, hedge funds push JOANN to bankruptcy, close stores - The Baylor Lariat

By Delaney Newhouse | Focus Editor For many consumers, Radio Shack was first. Circuit City had long been pushed out of the electronics game, leaving Best Buy as its greatest competitor. Still, after nearly 100 years in business, Radio Shack filed for bankruptcy in February 2015. In 2016, the trend hit the sports world. Sports Authority stores closed and immediately began liquidation after filing Chapter 11 proceedings. In 2017, the children felt…