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Crafts Retailer Joann Files for Bankruptcy

After pandemic-era boom in sales, Joann has been dealing with a pullback in consumer spending on at-home projects. The retailer will become a private company owned by a group of its creditors.

J. Edward Moreno
Author: J. Edward Moreno

Written by

J. Edward Moreno

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Company Reports, Consumer Behavior, Handicrafts, Jo-Ann Stores, Real Estate (Commercial), Shopping and Retail
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