Beleaguered craft retailer JOANN Fabrics announced Wednesday that the chain would be closing 500 of its 800 store catalogue – which includes the Santa Clarita location. In January, JOANN Fabrics filed for Chapter 11 bankruptcy for the second time in just 10 months, leading to Wednesday’s statement of intention to seek court approval to begin closing approximately 500 stores across ...

Major craft retailer JOANN filed for Chapter 11 bankruptcy Monday morning. Known as a supplier of craft materials, home decor, and sewing supplies, JOANN increased interest rates and decreased sales after COVID-19. As of the filing, the company held over $1.06 billion in debt, according to court documents. Of the 800 locations nationwide, including the store in Santa Clarita, none ...