Joann, a fabric and craft retailer, announced it filed for bankruptcy for the second time within a year due to financial and inventory issues.

Joann did not provide information on the date of the impending closings. Local news outlets in Pennsylvania, Iowa, Massachusetts and Delaware reported dates for local store closures ranging from Jan.

Another retailer is joining the likes of Big Lots, Party City and more in filing for bankruptcy. But its stores are open – ...

When the company exited bankruptcy in April 2024, it touted its "strongest financial foundation in many years." ...