Fabrics Retailer Joann to Go Out of Business and Close All of Its Stores
By Win De Gent Eighty-two years after its founding, fabric and crafts retailer Joann Inc. said it is going out of business and will be closing all of its stores, according to a Sunday announcement. The Hudson, Ohio-based retailer filed for Chapter 11 bankruptcy protection in January, the second time in a year. At the time, it cited sluggish consumer demand and inventory shortages but…
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