Joann Fabrics

Joann Fabrics, a leading fabric and craft retailer, has announced the closure of over 500 stores across 49 states as part of its efforts to right-size its store footprint following its second Chapter 11 bankruptcy filing. The closures will significantly impact employees and customers, with states like California and Florida seeing the highest number of store shutdowns.

Joann Fabrics is set to close more than 500 of its 850 stores across 49 states as part of its financial restructuring efforts, following a second Chapter 11 bankruptcy filing. The closures will significantly impact several states, with California, Florida, and Michigan among the most affected. The company aims to 'right-size its store footprint' and continues to support its employees and customers during this transition.