One industry analyst noted that Joann has let its “specialist-type service” slide with staffing cuts.
NEW YORK — Fabric and crafts retailer Joann has filed for Chapter 11 bankruptcy protection, as consumers continue to cut back on discretionary spending and some pandemic-era hobbies.Oakland auto shop owner was killed in his store by angry customer, police say
Joann’s more than 800 stores and its website will continue to operate normally during the bankruptcy process. It has stores in every state except Hawaii; 14 are in the San Francisco Bay Area. “Crafts, which did extremely well during the pandemic, have fallen back into slight declines as people find other things to do,” Neil Saunders, managing director of research firm GlobalData, told The Associated Press Monday — noting that many are now sacrificing these artsy activities to spend money on experiences outside of the house.
Hobby Lobby, for example, has lower prices, and Target courts “casual crafters” with art supplies and kits, he said. He added that Joann has also let its “specialist-type service” slide with staffing cuts.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JOANN Shoppers Fear Drastic Changes Amid Bankruptcy: 'I Refuse to Go to Hobby Lobby'Digital destination for sophisticated men & women. Live your best life with expert tips and news on health, food, sex, relationships, fashion and lifestyle.
Read more »
Fabrics and crafts retailer Joann filed for bankruptcyThe Ohio-based retailer said it expects to complete the restructuring as early as next month. Joann’s 850 stores and online business will continue to operate...
Read more »
Joann fabrics stores, website to remain open after company files for bankruptcyJoann, the 81-year-old fabric and craft retailer, has filed for bankruptcy as it struggles with customers cutting back on discretionary spending.
Read more »
Joann files for Chapter 11 bankruptcyFabric and crafts retailer Joann has filed for Chapter 11 bankruptcy protection, as consumers continue to cut back on discretionary spending. In a Monday release, the Hudson, Ohio-based company said that it expected to emerge from bankruptcy as early as the end of next month.
Read more »
Crafts retailer Joann files for Chapter 11 bankruptcy protectionFabric and crafts retailer Joann has filed for Chapter 11 bankruptcy protection, as consumers continue to cut back on discretionary spending.
Read more »
Crafts retailer Joann files for Chapter 11 bankruptcy protectionFabric and crafts retailer Joann has filed for Chapter 11 bankruptcy protection, as consumers continue to cut back on discretionary spending.
Read more »