Joann stores closing - 10 things to know with detail
- 1. Joann Stores announced in February 2020 that they would be closing a number of their locations across the United States.
- 2. The decision to close stores was made as part of a restructuring plan aimed at improving the company's financial performance.
- 3. The exact number of stores that will be closing has not been specified by Joann Stores, but it is expected to be a significant number.
- 4. The closures are expected to take place over the course of the next few months, with specific locations being announced as they are identified.
- 5. Joann Stores has stated that they will be offering severance packages to affected employees and working with them to find positions at other locations if possible.
- 6. The company has cited changing consumer shopping habits and increased competition from online retailers as factors contributing to the decision to close stores.
- 7. Joann Stores will continue to operate their online store and remaining physical locations after the closures are completed.
- 8. Customers who have gift cards or store credit at closing locations will still be able to use them at other Joann Stores locations or online.
- 9. Joann Stores has reassured customers that they are committed to providing the same level of service and quality products despite the closures.
- 10. Customers are encouraged to check the Joann Stores website or contact their local store for the most up-to-date information on store closures and any potential sales or clearance events.