Posted inAfternoon Update

Crafts retailer Joann files for Chapter 11 bankruptcy as consumers cut back on pandemic-era hobbies

NEW YORK (AP) — 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. In a Monday statement, the Hudson, Ohio-based company said that it expected to emerge from bankruptcy as early as the end of next month. Following this […]

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