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.
According to two Worker Adjustment and Retraining Notification Act (WARN) notices received Wednesday by the California ...
The closure announcement of Joann’s Alabama center follows a recent financial spiral for the Ohio-based retailer, including a ...
The proposed sale of Joann is "subject to higher and better offers ... sewing machines, Cricut machines, yarn, home decor and more. The company went private in 2011 when it was acquired by ...
Joann, a fabric and craft retailer, announced it filed for bankruptcy for the second time within a year due to financial and inventory issues.
Now, with $615 million in liabilities, the company will begin a court-supervised sale of ... documents, Joann began receiving unpredictable and inconsistent deliveries of yarn and sewing items ...
According to court documents, Joann began receiving unpredictable and inconsistent deliveries of yarn and sewing items ... Reserve’s goal of 2%. If a sale process for Joann is approved, Gordon ...
Through the sale, Gordon Brothers said ... “Now, I’ll just have to get my yarn at more of the local shops around here, but also, the JOANN’s in Hudson was out of stock a lot, so I ...
The fabric, yarn ... sale process is the best course of action to maximize the value of the business. We hope that this process enables us to find a path that would allow Joann to continue ...