Stores will remain open for now, but Joann says a “stalking horse” bidder has grim plans for the beloved arts-and-crafts ...

The specialty retail chain, which says it has $615 million in debt and just $8 million in cash, is seeking Chapter 11 ...

Topsort head of marketing, Umer Paracha, told Newsweek: "JOANN Fabrics' store closures reflect the broader challenges ...

After emerging from Chapter 11 bankruptcy last April, the crafts and fabric supplier Joann has filed for bankruptcy again ...

The last several years have not been good for the retail industry. Before the worldwide pandemic, things weren't looking good ...