Bankrupt retail chain unloads store leases, key assets
Roughly 700 locations are available following a bankruptcy filing
The past few years have been brutal for retailers. An astounding 7,327 retail stores closed their doors in 2024, with several high-profile chains filing for bankruptcy.
Joann filed for bankruptcy in March 2024 and initially managed to keep its doors open. Now, it's making plans to close 500 stores across the U.S.
