Joann Stores will now shutter all of its stores permanently
/Update: JOANN Stores will shutter all of its stores, pending bankruptcy court approval. Joann Stores will likely disappear from the physical retail landscape after two bankruptcies in 10 months, bringing an end to 82 years of retail operations.
Founded in 1943 by German immigrants, the Ohio-based company had received court approval earlier this month to close over half of its brick-and-mortar locations nationwide, about 500 overall. Those had already started going-out-of-business sales, but now, a new deal with the owners and debtors call for the closure of all stores.