"Craft Retailer JOANN Declares Bankruptcy Amid Consumer Retreat"
TL;DR Summary
Fabric and craft company JOANN Inc., based in Hudson, has filed for bankruptcy, listing assets of $500 million to $1 billion and liabilities of $1 billion to $10 billion. The Chapter 11 filing allows the company to continue operating its stores while working on a plan to repay its up to 100,000 creditors. JOANN’s stores and website will continue to operate as normal, and the company has received about $132 million in commitments for new financing.
- JOANN Inc., fabric and craft company, files for bankruptcy WJW FOX 8 News Cleveland
- Craft Retailer Joann Files For Bankruptcy After Consumer Pullback The Wall Street Journal
- Crafts firm Joann files for bankruptcy as consumers retreat The Seattle Times
- ‘I refuse to shop at Hobby Lobby’: Joann Fabric declared bankruptcy. What does that mean for its stores? The Daily Dot
- Crafts retailer JOANN files for bankruptcy WIVB.com - News 4
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