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Joann Files for Bankruptcy, Closes 500 Stores Nationwide

2/17/2025

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Summary

Story summary

Joann, the beloved fabric and crafts retailer from Hudson, Ohio, is facing tough times as it files for Chapter 11 bankruptcy. With plans to shutter 500 stores across the nation, including 33 in its home state, the company is set to kick off going-out-of-business sales on February 15, 2025, in a bid to salvage its future.

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Story summary

Joann, the beloved fabric and crafts retailer from Hudson, Ohio, is facing tough times as it files for Chapter 11 bankruptcy. With plans to shutter 500 stores across the nation, including 33 in its home state, the company is set to kick off going-out-of-business sales on February 15, 2025, in a bid to salvage its future.