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    Joann bankruptcy retail restructuring

    Joann Fabric to Close 500 Stores Nationwide Amid Second Bankruptcy Filing

    February 13, 2025 • 1 min read

    Retail giant Joann plans to shutter nearly two-thirds of its fabric and craft stores across the US as part of Chapter 11 restructuring. The company, facing billions in debt, will begin liquidation sales while maintaining operations and employee benefits during the transition.

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