Several Joann stores are closing as the fabric and crafts store files for Chapter 11 bankruptcy for the second time.

Joann, the Ohio-based fabric and craft store, has again filed for bankruptcy and plans to sell all assets to the same company that recently acquired Big Lots. One of

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

The craft supplies and fabric retailer Joann filed for bankruptcy for the second time in less than a year, as the chain wrestles with declining sales and inventory shortages, the company said Wednesday.

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.

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.

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.

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

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.

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.

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