Joann Chapter 11 bankruptcy: List of all stores closing this month
After more than 80 years in business, all Joann stores are set to permanently close by May 31. The beloved fabric and craft retailer is shutting its doors for good.
Back in April, Joann closed 255 of its stores, just months after filing for Chapter 11 bankruptcy for the second time in a year. Since then, the company has been holding going-out-of-business sales at many of its locations.
According to Joann.com, prices at these sales have been heavily discounted—ranging from 70% to 90% off. (Online sales have already ended.) In addition to crafts and fabric, stores are also selling off furniture, shelves, and other equipment.
The remaining 440+ stores will close by the end of May, according to Jo Anne McCusker, spokesperson for GA Group. The retail liquidation company acquired all of Joann's assets at auction earlier this year.
Hundreds of Joann locations have already closed. More than 400 remaining stores will close by the end of May, according to a list shared with Fast Company.
Here is the full list of where Joann Fabrics stores are closing in May:
Hoover
Huntsville
Mobile
Fayetteville
Avondale
Bullhead City
Flagstaff
Gilbert
Mesa
Peoria
Phoenix
Prescott
Queen Creek
Tucson
Buena Park
Chico
Citrus Heights
Clovis
Concord
El Cajon
Elk Grove
Foothill Ranch
Fresno
Hemet
Hesperia
Huntington Beach
Irvine
La Habra
Laguna Niguel
Manteca
Morgan Hill
Northridge
Oceanside
Orange
Rancho Cucamonga
Rancho Mirage
Redding
Redlands
Roseville
Sacramento
Salinas
San Diego
San Jose
San Leandro
San Marcos
Santa Clarita
Santa Maria
Sherman Oaks
Simi Valley
Stockton
Temecula
Thousand Oaks
Torrance
Turlock
Vacaville
Visalia
Woodland Hills
Aurora
Centennial
Colorado Springs
Fort Collins
Grand Junction
Lakewood
Littleton
Loveland
Westminster
Enfield
Manchester
Newington
Norwich
Southington
Torrington
Christiana
Dover
Altamonte Springs
Daytona Beach
Dunedin
Fort Myers
Jacksonville
Jensen Beach
Kissimmee
Lady Lake
Naples
Ocala
Orlando
Panama City
Pensacola
Saint Petersburg
Sarasota
Tallahassee
Tampa
Tavares
Winter Haven
Yulee
Alpharetta
Athens
Columbus
Decatur
Gainesville
Kennesaw
Boise
Nampa
Pocatello
Twin Falls
Algonquin
Arlington Heights
Bloomingdale
Bloomington
Chicago
Darien
Fairview Heights
Geneva
Moline
Naperville
Orland Park
Peoria
Rockford
Springfield
Vernon Hills
Avon
Bloomington
Clarksville
Evansville
Fort Wayne
Goshen
Greenwood
Indianapolis
Kokomo
Lafayette
Merrillville
Muncie
Schererville
Terre Haute
Iowa
Ankeny
Cedar Rapids
Clive
Davenport
Dubuque
Iowa City
Waterloo
Overland Park
Shawnee
Topeka
Wichita
Florence
Lexington
Louisville
Baton Rouge
Lafayette
Metairie
Bangor
Portland
Topsham
Waterville
Columbia
Frederick
Hagerstown
Parkville
Westminster
Burlington
Hanover
Middleton
Milford
Natick
North Attleboro
Pittsfield
Raynham
Saugus
Seekonk
Shrewsbury
Westford
Michigan
Auburn Hills
Brighton
Canton
Comstock Park
Flint
Grand Rapids
Grandville
Jackson
Lansing
Madison Heights
Midland
Mount Pleasant
Norton Shores
Novi
Portage
Rochester Hills
Roseville
Saginaw
Shelby Township
Taylor
Traverse City
White Lake
Ypsilanti
Minnesota
Alexandria
Apple Valley
Coon Rapids
Edina
Elk River
Maple Grove
Maplewood
Minnetonka
Rochester
Roseville
Saint Cloud
Woodbury
Ballwin
Columbia
Independence
Joplin
Kansas City
Saint Louis
Springfield
Montana
Billings
Bozeman
Butte
Great Falls
Helena
Kalispell
Missoula
Lincoln
Omaha
Henderson
Las Vegas
Reno
Concord
Nashua
Newington
Cherry Hill
Colonia
Deptford
Lawrenceville
Mays Landing
Mount Laurel
Paramus
Riverdale
Shrewsbury
Succasunna
Toms River
Albuquerque
Farmington
Albany
Amherst
Blasdell
Bohemia
Canandaigua
Clay
Fayetteville
Horseheads
Hudson
New Hartford
Penfield
Queensbury
Scarsdale
Vestal
Westbury
Williamsville
Asheville
Charlotte
Durham
Fayetteville
Greensboro
Mooresville
Raleigh
Wilmington
Fargo
Grand Forks
Minot
Akron
Athens
Cincinnati
Columbus
Dayton
Dublin
Elyria
Fairborn
Hudson
Mansfield
Mason
Mayfield Heights
Medina
Mentor
Middleburg Heights
North Canton
North Olmsted
Piqua
Reynoldsburg
Toledo
Youngstown
Norman
Oklahoma City
Tulsa
Albany
Bend
Corvallis
Eugene
Grants Pass
Gresham
Hillsboro
Ontario
Oregon City
Roseburg
Salem
Springfield
Tigard
Cranberry Twp
Dickson City
Downingtown
Edwardsville
Fairless Hills
Greensburg
Harrisburg
Lancaster
Lemoyne
Monroeville
North Wales
Philadelphia
Pittsburgh
Quakertown
Reading
Tarentum
Warrington
Whitehall
York
Warwick
Myrtle Beach
Spartanburg
West Columbia
Sioux Falls
Chattanooga
Franklin
Germantown
Knoxville
Madison
Mount Juliet
Murfreesboro
Amarillo
Austin
Beaumont
Dallas
Denton
El Paso
Fort Worth
Frisco
Houston
Humble
Katy
Lewisville
Lubbock
Mc Kinney
Midlothian
Plano
Round Rock
San Antonio
Spring
Sugar Land
Tyler
Waco
Webster
Cedar City
Centerville
Clinton
Draper
Logan
Riverdale
Spanish Fork
Tooele
Vernal
Washington
South Burlington
Charlottesville
Chesapeake
Fairfax
Fredericksburg
Midlothian
Roanoke
Sterling
Virginia Beach
Winchester
Woodbridge
Arlington
Bellingham
Kennewick
Lynnwood
Mount Vernon
Olympia
Port Orchard
Shoreline
Silverdale
Spokane
Spokane Valley
Tacoma
Tukwila
Vancouver
Yakima
Appleton
Brookfield
Dunbar
Eau Claire
Green Bay
Greenfield
Janesville
Lake Geneva
Madison
Menomonee Falls
Onalaska
Racine
Sheboygan Falls
Wausau
Wisconsin Dells
Cheyenne
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Time of India
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Azul Airlines Chapter 11: Brazil airline Azul files for Chapter 11 to restructure debt, ET Infra
Advt Advt Brazilian airline Azul on Wednesday filed for Chapter 11 bankruptcy protection in the United States, it said in a securities filing, after months of trying to restructure mostly pandemic-era move, which may scupper a potential merger with peer Gol , makes the carrier the latest Latin American airline to file for bankruptcy in the aftermath of the severe industry fallout from the initial months of Paulo-traded shares of Azul fell as much as 12% after the filing, before paring losses to trade down around 3% in the afternoon. The stock is now down 70% year-to-date.A restructuring deal includes a commitment of $1.6 billion in financing throughout the process, elimination of more than $2 billion of debt, and a commitment of up to $950 million in equity financing upon emergence, the carrier said."We had too much debt on the balance sheet that principally came from COVID. We now have an opportunity to clean it all up," Chief Executive John Rodgerson told Reuters in an said it had entered into agreements with key financial stakeholders, including existing bondholders, aircraft lessor AerCap, and strategic partners United Airlines and American Airlines to support the restructuring."We believe we could be in and out prior to the end of the year," Rodgerson said. "The exit is sometimes the most difficult part of this process. So we're already entering with the exit in mind, and exiting with the financing lined up."Azul's move follows in the footsteps of Aeromexico, Colombia-based Avianca and its two largest rivals, Gol and LATAM Airlines, all of which filed for bankruptcy."This development comes as no major surprise," analysts at JPMorgan said in a note to clients, saying the bankruptcy process should lead to significant equity dilution and downgrading their recommendation on the stock to "Underweight" from "Neutral."Azul last year struck a deal with lessors to scrap $550 million in debt in exchange for an equity stake of around 20%, as well as a deal with bondholders to raise an additional $500 factors such as high costs, supply-chain issues delaying aircraft deliveries and maintenance plans, as well as a weaker Brazilian real, have kept the company under pressure."What I used to pay in interest in 2019 has gone up 10 times with a currency that is 50% weaker," Rodgerson and American agreed to invest up to $300 million to backstop an equity rights offering to repay the airline's debtor-in-possession financing when it emerges from net debt soared 50% year-on-year by the end of the first quarter to 31.35 billion reais ($5.6 billion), with its leverage ratio hitting 5.2, up from 3.7 a year latest blow came last month, as a capital increase fell short of expectations, pressuring Azul's and S&P recently downgraded Azul's credit ratings, with the latter citing an elevated default said it would maintain its operations and sales normally while in Chapter Chapter 11 filing likely spoils Azul's plans for a potential business combination with rival Gol, which would have created a dominant carrier in Latin America's No. 1 economy that Rodgerson once touted as a "national champion"."We believe that consolidation discussions with Gol should be put on hold until Azul emerges from Chapter 11," JPMorgan said.
