It’s official: Joann Fabrics is closing all its remaining locations as part of Chapter 11 bankruptcy proceedings.
The retailer filed for bankruptcy in January for the second time in less than a year. Last month, USA Today reported that the company announced it intended to close 500 of its remaining 800 stores. Sadly, things didn’t work out for Joann Fabrics, and the company will cease to exist after 82 years in business.
