Opinion: America briefly rediscovered a love of sewing. It wasn't enough to rescue Joann Fabrics [CNN]
JOANN, Inc. - common stock (JOAN)
Company Research
Source: CNN
CNN — I come from a family of Russian-Ukrainian tailors, notion peddlers plus a milliner or two and I am fairly certain my ancestors would hold me at least partially responsible for the bankruptcy filing of a major sewing craft store chain this week. Joann Fabrics and Crafts , founded 81 years ago when my seamstress grandmothers still had young children at home, blamed a post-pandemic sales slump for the downturn. The lockdown saw sales of sewing machines soar and stock sell out. But now that we're not making our own face masks, or working from home in nearly the same numbers, many of our DIY urges are apparently on the wane. But it's more than that. My immigrant great-grandparents taught their children how to make clothes by hand and machine so well that both sets of my grandparents grew up to own and operate small dry cleaning businesses in Chicago, where they also took in dresses, hemmed pants and hung drapes. They had the can-do craftiness of people with practical needs b
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JOAN
News
- Gordon Brothers Provides $100M Exit Facility Commitment as Agent for Jo-Ann Stores [Yahoo! Finance]Yahoo! Finance
- Opinion: America briefly rediscovered a love of sewing. It wasn't enough to rescue Joann Fabrics [CNN]CNN
- News Quiz: March 22, 2024 [FOX News]FOX News
- The Daily Money: Catch solar eclipse from the sky? [USA TODAY]USA TODAY
- PRESS DIGEST- New York Times business news - March 19 [Yahoo! Finance]Yahoo! Finance
JOAN
Earnings
- 12/4/23 - Beat
JOAN
Sec Filings
- 3/22/24 - Form 8-K
- 3/18/24 - Form 8-K
- 3/15/24 - Form 3
- JOAN's page on the SEC website