Hundreds of JOANN Stores are going to close in the coming weeks across the U.S
JOANN is one of the famous fabric stores.
Company issued a press release which says that "The last several years have presented significant and lasting challenges in the retail environment."
The press release also states that "Our current financial position and constrained inventory levels, forced us to take this step."
In January, JOANN issued a statement announcing their second bankruptcy filing.
The largest number of closures are planned for California.
JOANN's official statement said that " This was a very difficult decision to make, given the major impact we know it will have on our Team Members, our customers and all of the communities we serve."