Jo-Ann Stores, an American fabric and craft retail company, faces significant closures of its stores, commonly known as Joann. According to USA Today, the chain is gearing up to close “approximately 500,

Joann, the financially troubled arts-and-crafts retailer, announced Wednesday that it was preparing to close 500 of its 800 remaining stores after its latest bankruptcy filing. The announcement came one month after the eight-decade-old company filed for bankruptcy for the second time in less than a year,