After filing for bankruptcy for the second time in less than a year in January, Joann Fabric and Crafts is set to close more ...
Joann is packing up its yarns and paintbrushes at more than 500 stores across the U.S., including four in Silicon Valley.
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The move to close 500 stores comes after Joann declared bankruptcy for the second time in less than a year. The closures would leave it with far fewer stores than competitors Hobby Lobby and Michaels.