JOANN Fabrics to close
JOANN Fabrics and Crafts, the nation’s leading retailer in sewing and fabrics and one of the largest arts and crafts suppliers, has announced it is voluntarily entering Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware. This move is part of the company’s plan to facilitate a sale process aimed at maximizing the value of its business. As part of this process, JOANN will be closing 500 of its stores across the country. In Michigan, 33 locations will close, including the store at 4107 Telegraph Road in Bloomfield Hills. Management at the Bloomfield location has not been given a specific closure date yet, and the store remains open while actively hiring for part-time positions. Signage at the checkout indicates that all sales are final. The only JOANN stores that will remain open in Metro Detroit are located in Livonia and White Lake. Michael Prendergast, Interim CEO of JOANN, expressed gratitude on behalf of the company’s board and leadership, saying, “I want to extend a heartfelt thank you to the thousands of JOANN team members nationwide for their dedication to our customers and our mission, especially given the challenges we’ve faced in recent years. We are committed to continuing to support them, as well as serving the sewists, quilters, crocheters, crafters, and other creative enthusiasts who have trusted us for over 80 years, throughout this process.”
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