Joann fabrics bankruptcy and stock delist: Will stores start closing?

Fabric retailer Joann has filed for Chapter 11 bankruptcy and will see its stock delisted from the Nasdaq. No store closures were immediately announced.
The fabric and sewing chain, which dates back to 1943, says it will continue to operate normally after filing for Chapter 11.

Joann bankruptcy: fabrics retailer files for bankruptcy, delisted from Nasdaq as revenue declines after brief Covid pandemic spike - 6abc Philadelphia

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