Bankrupt retail chain unloads store leases, key assets
Roughly 700 locations are available following a bankruptcy filing
The previous few years maintain been brutal for stores. An improbable 7,327 retail stores closed their doorways in 2024, with several excessive-profile chains submitting for monetary concern.
Joann filed for monetary concern in March 2024 and initially managed to preserve its doorways initiate. Now, it be planning to shut 500 stores all over the U.S.
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