Struggling fabric and crafts seller Joann plans to close about 500 of its stores across the US—or more than half of its current nationwide footprint, the AP reports. The move, announced Wednesday, arrives amid a tumultuous time for Joann . Last month, the Hudson, Ohio-based retailer filed for Chapter 11 bankruptcy protection for the second time within a year, with the company pointing to issues like sluggish consumer demand and inventory shortages. Joann previously sought Chapter 11 in March 2024 and later emerged as a private company. But after operational challenges continued to pile up, Joann filed for bankruptcy again in January. It’s now looking to sell the business—and maintained in a filing Wednesday that closing
