The 82-year-old retailer Joann confirmed in a corporate statement Wednesday that ongoing soft sales and inventory issues had ...

Delays in insolvency proceedings not only frustrate the bankruptcy process, but also increase administrative expenses, which ...

Retailer Joann Inc has filed for bankruptcy a 2nd time, warning that a stalking-horse bidder will liquidate if it can't find ...

The “court-supervised reorganization” was announced in an open letter in May 2024, as a response to claims of sexual abuse ...

Another 120 are scheduled for demotions. Under heavy financial and competitive pressures, Spirit filed a pre-arranged Chapter 11 bankruptcy petition in New York last November as it sought to ...

Joann files for Chapter 11 bankruptcy again, aims to sell assets, close stores, and restructure amidst financial struggles.