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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Is Joann Fabrics going out of business? Retailer warns of possible liquidation in second Chapter 11 bankruptcyPopular arts-and-crafts retailer Joann Inc. has filed for Chapter 11 bankruptcy protection for a second time, hoping to facilitate a sale process as the distressed company navigates yet another ...
Joann Fabrics announced that it was declaring Chapter 11 bankruptcy for the second time within a 12-month period as it seeks a buyer to rescue the beleaguered chain. Chapter 11 bankruptcies ...
Potential job losses loom at Joann's corporate offices and distribution center in Hudson, as the company navigates bankruptcy ...
Joann, a once popular craft chain, has filed for voluntary Chapter 11 bankruptcy proceedings, according to a an announcement. The filing, the release says, is to help "facilitate a sale process to ...
The layoffs of the logistics workers would begin on March 31, according to the WARN notices. Earlier this month, Joann told ...
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Visalia Times-Delta on MSNJoann to lay off over 200 warehouse employees in Visalia, CaliforniaAccording to two Worker Adjustment and Retraining Notification Act (WARN) notices received Wednesday by the California ...
For some companies, bankruptcy can mean the end. For others, it can be a way to restructure and stay afloat amid business challenges.
Retailer Joann Inc has filed for bankruptcy a 2nd time, warning that a stalking-horse bidder will liquidate if it can't find a better offer.
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