Another retailer is joining the likes of Big Lots, Party City and more in filing for bankruptcy. But its stores are open – for now.

According to reports, the beleaguered fabric and crafts store may consider a second bankruptcy filing. Joann filed for bankruptcy last March.

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Joann Fabrics is planning to close several stores in 2025 following its bankruptcy in 2024. Are any in Ohio? Here's the latest.

Fabric and craft retailer JoAnn has let 661 workers at its Summit County, Ohio headquarters know that they could be unemployed by March if a buyer isn’t found for the company.

Multiple Joann fabric and craft stores are reportedly set to close, less than a year after the company filed for bankruptcy.

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

The arts and crafts retailer operates roughly 850 stores across the United States, but 2025 will see several closures.

When the company exited bankruptcy in April 2024, it touted its "strongest financial foundation in many years."

Stores will remain open for now, but Joann says a “stalking horse” bidder has grim plans for the beloved arts-and-crafts retailer if it can’t find a better offer. Popular arts-and-crafts retailer Joann Inc.

Since emerging from bankruptcy court as a private company in April 2024, Joann Inc. has worked to improve its store inventories and become profitable again. However, before this process was completed, Joann experienced increasingly tight cash flow, making it impossible to make its debt payments, the company said in a bankruptcy court filing.

Craft retailer JOANN, formerly known as Jo-Ann Fabrics, filed for Chapter 11 bankruptcy for the second time in a year Wednesday morning. Now, the company has moved to sell the company. The filing comes after JOANN moved to close several of its locations around the nation.