Joann Fabrics to Close All 800 US Stores After Failing to Find Buyer #latestnews #todaynews

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Based on the most recent information, Joann Fabrics is closing all of its stores. After failing to find a buyer to keep the business alive, the company announced it will close all 800 US retail locations. The highest bidder plans to begin going-out-of-business sales at all its stores. The closures are part of the company's Chapter 11 bankruptcy process.
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