Several Joann stores are closing as the fabric and crafts store files for Chapter 11 bankruptcy for the second time.

Could a Joann fabric, craft store be closing near you? The national retail chain is declaring bankruptcy for the second time in a year. What we know

Joann Inc., the Hudson, Ohio-based parent of hundreds of Jo-Ann fabrics and craft stores nationwide, filed for Chapter 11 bankruptcy protection in Delaware on Wednesday — the company's second bankruptcy filing in two years.

Joann is filing another bankruptcy which will likely require the company to liquidate most stores across the country, including Maine

The Hudson-based parent of hundreds of Jo-Ann fabrics and craft stores nationwide ... same firm that recently saved between 200 and 400 Big Lots stores from being liquidated — would serve ...

Only time will tell whether Joann, the nation's largest retailer of fabric and crafts, will survive in Northpark Mall. The company recently filed for bankruptcy protection for the second time within a year.

Experts say the rise in store shutterings is driven by rising online retail sales and consumers converging on big one-stop-shopping chains and platforms.

A new report predicts this year will only get worse for the already-struggling retail sector, with the number of location closings expected to double.

Joann, the Ohio-based fabric and craft store, has again filed for bankruptcy and plans to sell all assets to the same company that recently acquired Big Lots. One of

According to a proposed deal in its latest Chapter 11 bankruptcy filed on Jan. 15, Joann still owes a group of creditors more than $450 million. The company must now hold an auction within 30 days of its petition or risk losing access to cash being held as collateral.

As the year begins, some retailers are making the tough decision to shutter stores across the country. Some are closing permanently and as they announce their waves closures. Customers will have to say goodbye to some department store locations such as Macy's and Khols.

Holiday retail sales rose 4% in 2023, driven by clothing, electronics, and cars, but not all retailers thrived. Mixed performance signals caution for 2025.