Joann Fabric Stores to Close All 800 Locations After Bankruptcy Filing
Fifty-eight-year-old fabric and craft retailer Joann filed for bankruptcy for a second time in less than a year, announcing it would close all its stores. The company’s assets were sold to financial services firm GA Group along with a lender in an auction, with plans to wind down operations and hold going-out-of-business sales. Joann had … Read more