Reported about 6 hours ago
Joann Inc, a crafts retailer with a history spanning 82 years, has announced plans to close all its stores following its second bankruptcy filing within a year. After failing to find a buyer to maintain its 800 retail locations, the company will sell its assets to a group including lenders and the GA Group. Joann aims to minimize disruption for customers and employees while running going-out-of-business sales and accepting gift cards until February 28.
Source: YAHOO