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Joann, the 81-year-old fabric and craft retailer, has filed for bankruptcy as it struggles with customers cutting back on discretionary spending. In a statement Monday, the Ohio-based company said ...
US$1.366 billion (2021) [2] Number of employees. 23,000 (2021) Website. www .joann .com. Jo-Ann Stores, LLC, more commonly known as Jo-Ann (stylized as JOANN ), is an American haberdashery and mercery (specialty retailer of textiles and notions) based in Hudson, Ohio. It operates the retail chains JOANN Fabrics and Crafts and Jo-Ann Etc.
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Online retailing is big business these days, with the top 500 Internet retailers growing by an average of 18% in 2011. E-commerce currently makes up about 8% of all retail sales, and that number ...