Joann To Close All 800 Stores After Second Bankruptcy In 10 Months By Nate Delesline of RetailDive.com Joann stores will likely disappear from the physical retail landscape after two bankruptcies in 10 months, bringing an end to 82 years of retail operations. A sale approval hearing is scheduled for Wednesday in U.S. bankruptcy court for the District of Delaware. “With a mountain of debt and a brand that has become increasingly broken, the pathways for survival have closed for Joann,” Neil Saunders, managing director of GlobalData, told Retail Dive in an email. “This is not really the type of environment… — Continue at ZeroHedge News : Read More
