Crafting chain Joann, known for its sewing and fabrics offerings, has announced plans to close approximately 500 stores nationwide as part of a Chapter 11 bankruptcy filing. The closures are set to begin with going-out-of-business sales starting on February 15, impacting locations across the U.S., including 26 stores in Illinois, majority in the Chicago suburbs. This decision comes amidst a wave of closures by major chains like Walgreens, Kohl’s, Party City, and Paper Source.
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