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

Since emerging from bankruptcy court as a private company in April 2024, Joann Inc. has worked to improve its store inventories and become profitable again. However, before this process was completed, Joann experienced increasingly tight cash flow, making it impossible to make its debt payments, the company said in a bankruptcy court filing.

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.

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.

In total, there are 11 Big Lots location listed on Gordon Brothers' site as up for sale. The chain closed its Big Lots Home at 4025 Poplar Level Road in August, which had been the

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.

While not much information is available, the company's plans to sell many store leases may provide some insight.

The 82-year-old retailer Joann confirmed in a corporate statement Wednesday that ongoing soft sales and inventory issues had forced it to file for Chapter 11 once again.

The last two months have been plagued by hundreds of home store closures, capping off a difficult 2024 and tempering positive forecasts for 2025. Warren Shoulberg explains why analysts remain hopeful.

Showcase your company news with guaranteed exposure both in print and online 25 years ago, Denver's economy thrived on IT, real estate & oil. DBJ will kick… Be Inspired! Meet Your Mentor! Make ...