Chief Financial and Administrative Officer Timothy Johnson announces planned retirement Seasoned retail executive Scott Sekella appointed CFO Company now forecasts sales and earnings near the high end ...

HUDSON, Ohio — Ohio-based crafts retailer JOANN Fabric and Craft stores filed for ... liquidated and would conduct going out of business sales. Gordon Brother’s previously purchased Big ...

Popular arts-and-crafts retailer Joann Inc. has filed for Chapter 11 bankruptcy protection for a second time, hoping to facilitate a sale process as the distressed company navigates yet another ...

Joann, an 82-year-old fabric and craft retailer ... the second bankruptcy filing and its intention to "facilitate a sale process to maximize the value of its business." "Since becoming a private ...

Announced on Wednesday, the company cited persistently slow sales and inventory challenges as the primary reasons for its financial distress. In March of the previous year, Joann Fabric had ...

Joann Fabrics ... our current financial position and constrained inventory levels, forced us to take this step.” Prendergast said the board determined that beginning a court-supervised sale ...

Joann Fabrics announced that it was ... Ohio-based chain — one of the nation’s largest sellers of fabrics and craft supplies — cited sluggish sales and inventory issues, including nearly ...

Joann’s Fabrics is now part of the Chapter 22 club ... The company said in a statement that the filing would help it facilitate a sale process of the company “to maximize the value of its ...

There are approximately 850 Joann store locations in the U.S. Joann, the crafts and fabrics chain ... Joann has to win court approval for the sale process and the company has an offer from ...

Joann is filing for bankruptcy for the second time since last March, and there is already talk of a bidder that might buy the company. The fabrics and crafts company, which has been in business ...