JOANN Fabric facing financial uncertainty

By: Annie Smith Barkalow|January 9, 2024

|3 min read

JOANN Fabric and Craft store at 1676 Sycamore St. in Iowa City. CREDIT ANNIE BARKALOW

A popular fabric and craft store is facing financial uncertainty after declining sales and heavy debt decreased its recent CreditRiskMonitor FRISK Score to 1. JOANN Inc., popularly referred to as Joann Fabric, faced a disappointing fiscal year that experts warn could be an indication of impending bankruptcy.

2023 was a rough year for popular box store chains. Bed, Bath, & Beyond, Tuesday Morning and Christmas Tree Shop declared bankruptcy and…

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JOANN Fabric facing financial uncertainty

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