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WEKU
Joe Hernandez

The arts and crafts giant Joann files for bankruptcy, but stores will remain open

JOANN Ore Nasdaq Ohio
A Joann store is seen in Tigard, Ore., in August 2020. The arts and crafts retailer announced Monday that it was filing for bankruptcy. (Ted Hsu/Alamy Stock Photo)

Joann — the craft store chain formerly known as Jo-Ann Fabrics — has filed for bankruptcy amid ongoing financial troubles.

But DIYers need not worry just yet: The company's more than 800 stores nationwide will remain open and its website will stay active as the Hudson, Ohio-based company restructures its finances.

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