Ohio-based Joann is making deep cuts, planning to close 500 of its 850 fabric and craft stores in 49 states as part of its ongoing bankruptcy, the company announced Wednesday. When complete, Joann ...

Joann Fabrics announced Wednesday that it will close 500 of its 850 stores as part of its bankruptcy process. The news came as the company was approaching a 5 p.m. Wednesday key bid deadline in ...