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.
JCPenney is closing a handful of stores in eight states by mid-2025 due to expiring leases and market changes, unrelated to its recent merger with SPARC Group. The company emphasizes these closures are isolated and part of a broader strategy to focus on serving working families and revamping its offerings.
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.
Joann, the fabric and craft retailer, is closing more than 500 of its approximately 850 stores across 49 states as part of its bankruptcy restructuring. The closures affect states including California, Florida, and Colorado, with significant impacts on employees and communities.
JCPenney is set to close eight stores across eight states by mid-2025, citing expiring leases and market changes. This move is part of the company's ongoing efforts to stabilize operations amidst a challenging retail environment and the rise of e-commerce.
Domino's Pizza Japan, under its Australian parent company, announces the closure of 172 stores, about 20% of its outlets in Japan, by year-end due to the ongoing impact of the COVID-19 pandemic. The move aims to streamline operations and focus on more profitable locations amidst stagnant demand.