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Joann Closing VA Stores Among 500 Locations Nationwide: See The List Joann Closing VA Stores Among 500 Locations Nationwide: See The List
Joann Closing VA Stores Among 500 Locations Nationwide: See The List Joann is set to close more than half of its stores nationwide, marking a major contraction for the arts and crafts retailer as it navigates bankruptcy for the second time in less than a year. The Ohio-based chain, which operates about 800 locations, will shutter around 500 stores, a company spokesperson confirmed to the Daily Voice. The move is part of a broader restructuring effort as the company seeks to stabilize its finances following a Chapter 11 bankruptcy filing in January. The spokesperson said the decision was "very difficult" but critical to Joann's future. "A careful a…

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by Chris Spiker
Business
Crafting Trouble: Joann Declares Bankruptcy For Second Time In Less Than 12 Months Crafting Trouble: Joann Declares Bankruptcy For Second Time In Less Than 12 Months
Crafting Trouble: Joann Declares Bankruptcy For Second Time In Less Than 12 Months Arts and crafts retailer Joann is declaring bankruptcy for the second time in less than a year, officials said. Joann filed for Chapter 11 bankruptcy in a Delaware court, the company said in a news release on Wednesday, Jan. 15. The chain known for sewing and other craft materials said the move will help facilitate a sale to maximize the business's value. Interim CEO Michael Prendergast said the bankruptcy declaration was necessary despite the chain's efforts to drastically improve its financial health. "Since becoming a private company in April [2024], the Board and management team h…

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by Chris Spiker
Business
Brewing Tensions: Starbucks Strike Expands To 9 States Brewing Tensions: Starbucks Strike Expands To 9 States
Brewing Tensions: Starbucks Strike Expands To 9 States A Starbucks workers' strike, which began in select stores, has expanded to nine states as employees push for better wages and working conditions during the holiday rush. The strike, led by Starbucks Workers United, demands higher pay and improved staffing to address what employees describe as chronic understaffing during peak hours.  Workers at dozens of stores in New York, New Jersey, and Pennsylvania joined the strike over the weekend. Starbucks has a total of about 16,000 stores in the US and around 35,000 worldwide. Over the weekend, picket lines formed at high-traffic stores in N…

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by Joe Lombardi