💨 Abstract

Joann, a fabrics and crafts retail chain, is closing over 500 stores across the US due to bankruptcy. This decision will impact their employees, customers, and communities. The closure will occur in every state, with the highest number in California, Florida, Indiana, Michigan, New York, Pennsylvania, and Washington. The announcement comes as Coresight Research predicts store closures this year will be double the figure in 2024.

Courtesy: metro.co.uk

Summarized by Einstein Beta 🤖