Joann Fabrics is filing for bankruptcy for the second time since last March, and there is already talk of a bidder that might buy the company.
Joann, an 82-year-old fabric and craft retailer, announced it has filed for Chapter 11 bankruptcy for a second time within a year due to financial and inventory issues. The company originally ...
Joann has filed for bankruptcy twice in the past year. What does this mean for retail locations in Salem and Albany?
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 said in statement Wednesday that ...
The 82-year-old retailer Joann confirmed in a corporate statement Wednesday that ongoing soft sales and inventory issues had forced it to file for Chapter 11 once again.
The closure announcement of Joann’s Alabama center follows a recent financial spiral for the Ohio-based retailer, including a ...
Hudson-based Joann Inc. advises employees that the company could begin shutting down in mid-March if it is unsuccessful in attracting a new owner.
Potential job losses loom at Joann's corporate offices and distribution center in Hudson, as the company navigates bankruptcy ...
For some companies, bankruptcy can mean the end. For others, it can be a way to restructure and stay afloat amid business challenges.
The bid deadline has been set for Feb. 12, and if no one plans to bid, then Gordon Brothers would be named the winning bidder ...
The layoffs of the logistics workers would begin on March 31, according to the WARN notices. Earlier this month, Joann told ...
(WJET/WFXP) — Craft retailer JOANN filed for Chapter 11 bankruptcy on Wednesday morning, marking the second time the company has done so in a year. Now, the company is looking to sell. The filing ...