Joann Fabrics, which filed for Chapter 11 bankruptcy in March, is closing several locations, including its Ithaca store at 2309 Triphammer Rd. The Ohio-based retailer, with 850 stores nationwide, aims to cut its $1 billion debt in half while optimizing store locations.
A company spokesperson stated the closures are part of routine evaluations rather than a mass shuttering, highlighting recent openings in Montana and Minnesota. Specific closure dates for the Ithaca store and others remain unclear, but reports indicate some stores in other states will close between January 12 and January 19.
Joann operates 31 locations in New York, with at least eight stores across multiple states confirmed for closure.
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