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February 14, 2025

Joann moves to close 500 of its stores

  • Locally, stores are set to close in Ballard, Shoreline, Renton and Tukwila.
    • By WYATTE GRANTHAM-PHILIPS
    AP Business Writer

    NEW YORK — Struggling fabric and crafts seller Joann plans to close about 500 of its stores across the U.S. — or more than half of its current nationwide footprint.

    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.


     
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