Event JSON
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"https://finance.yahoo.com/news/joann-moves-close-500-stores-215348591.html"
],
[
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"Joann moves to close 500 of its stores across the US amid bankruptcy"
],
[
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"1739397228"
],
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"Joann, a Hudson, Ohio-based retailer, has filed for Chapter 11 bankruptcy protection for the second time in a year, citing issues like sluggish consumer demand, inventory shortages, and rising competition. The company plans to close around 500 underperforming stores across 49 states, affecting thousands of employees. Joann's roots date back to 1943, and the retailer has faced challenges in the crafts space, including competition from rivals and a slowdown in discretionary spending."
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