The retailer will close 500 stores, leaving just 300 open nationwide.
HUDSON , Ohio - Fabric and crafts retailer Joann is set to close hundreds of stores nationwide, and at least 10 of those are in Northeast Ohio .Fabric and arts retailer Joann becomes private company following bankruptcy filing
The second bankruptcy filing happened less than a month ago on Jan. 15, which the company attributed to “sluggish sales and inventory issues.”“Founded in Cleveland, Ohio, JOANN currently operates in 49 states with approximately 800 stores and 4 distribution centers. For over 80 years, JOANN has fueled the creativity and passion of its customers, the sewists, quilters, crocheters, crafters, and creative enthusiasts, with high quality products and a dedication to customer service.
In documents filed with the Ohio Department of Job and Family Services after the second bankruptcy back in January, the Ohio-based company said it may close facilities in Hudson and West Jefferson.The facilities on the chopping block include their distribution center and corporate offices located at 5555 Darrow Road in Hudson.“It is possible that the Company may have no choice but to immediately close... and conduct employee separations,” an executive vice president wrote in the documents.
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