Several Joann stores are closing as the fabric and crafts store files for Chapter 11 bankruptcy for the second time.

Could a Joann fabric, craft store be closing near you? The national retail chain is declaring bankruptcy for the second time in a year. What we know

Joann, the fabrics and crafts retailer, has filed for bankruptcy for a second time within a year and announced that it’s seeking a sale.

Joann Inc., the Hudson, Ohio-based parent of hundreds of Jo-Ann fabrics and craft stores nationwide, filed for Chapter 11 bankruptcy protection in Delaware on Wednesday — the company's second bankruptcy filing in two years.

Joann Fabrics is filing for bankruptcy for the second time since last March, and there is already talk of a bidder that might buy the company.

Currently an investment firm from Boston specializing in distressed companies is the stalking horse bidder. Late last month, the same firm struck a deal that will save about half of bankrupt discount chain Big Lots' stores from going out of business.

Joann is filing another bankruptcy which will likely require the company to liquidate most stores across the country, including Maine

After emerging from Chapter 11 bankruptcy last April, the crafts and fabric supplier Joann has filed for bankruptcy again amid sales troubles and inventory challenges.

With a Chapter 11 informational site set up at the company makes clear in its Suppler FAQ that "Gordon Brothers has indicated that it intends to pursue

Joann is the latest in a slew of specialty retailers to file for bankruptcy or announce store closures. Coresight Research in December projected that more than 7,300 stores locations would shutter by the end of 2024, compared with about 5,500in 2023. Bankruptcies in the sector last year about doubled.

Joann, the Ohio-based fabric and craft store, has again filed for bankruptcy and plans to sell all assets to the same company that recently acquired Big Lots. One of

Only time will tell whether Joann, the nation's largest retailer of fabric and crafts, will survive in Northpark Mall. The company recently filed for bankruptcy protection for the second time within a year.