Several Joann stores are closing as the fabric and crafts store files for Chapter 11 bankruptcy for the second time.

The 82-year-old retailer Joann confirmed in a corporate statement Wednesday that ongoing soft sales and inventory issues had forced it to file for Chapter 11 once again.

Joann, a fabric and craft retailer, announced it filed for bankruptcy for the second time within a year due to financial and inventory issues.

Potential job losses loom at Joann's corporate offices and distribution center in Hudson, as the company navigates bankruptcy

Gordon Brothers Retail Partners LLC – the same firm that recently saved between 200 and 400 Big Lots stores from being liquidated – would serve as the "stalking horse" bidder for the Joann Inc. assets in bankruptcy court, providing a floor for any future bids.

Only time will tell whether Joann, the nation's largest retailer of fabric and crafts, will survive in Northpark Mall. The company recently filed for bankruptcy protection for the second time within a year.

Bankrupt fabric retailer Joann Stores has announced intentions to close its West Coast distribution center in Visalia in late March, with 209 people who work at the plant to be laid off permanently. T

Jo Ann was deeply committed to her faith and was a member of the Brandywine Valley Church and Church of the Ascension in Claymont Delaware. She is survived by her five children, Jo Ann Carolyn ...

Joann has filed for bankruptcy twice in one year. What does this mean for retail locations in Eugene and Springfield?

Jo-Ann Fabric and Craft Stores was founded in 1943 as a single retail store. It is now the nation's largest fabric and craft retailer with more than 850 stores in 49 states.