Joann Fabrics Announces Closure of 500 Stores Amid Financial Struggles
Joann Fabrics, a longtime go-to destination for crafters and DIY enthusiasts, is drastically downsizing. The company has announced plans to close approximately 500 of its 850 U.S. locations, marking a major shift for the retail chain. The closures come after Joann filed for bankruptcy for the second time in less than a year. The company…