Joann Fabrics expected to close 500 stores

Joann Materials will start to shut extra shops throughout the nation, based on a recent court filing.

Paperwork filed on Wednesday, search to shut 500 shops throughout the nation.

Shops within the state of Florida, Michigan, New York and Pennsylvania are anticipated to be probably the most closely affected by the announcement of the closures.

The material and crafts retailer initially filed for Chapter 11 bankruptcy protection in March 2024.

In response to the corporate web site, Joann opened its first retailer in Cleveland, Ohio greater than 80 years in the past. It grew to incorporate 829 retailer places throughout 49 states.

Joann’s joins one other retailer, Large Tons. It’s also anticipated to shut extra shops throughout the nation, including all of the South Florida locations.