JOANN, formally known as Jo-Ann Fabrics, is struggling to stay afloat in the new year. During the height of the pandemic, the crafting haven actually saw an
with more people than ever picking up new hobbies like sewing and knitting during lockdown. But as the world has slowly returned to normal , JOANN has had a difficult time keeping their numbers up.compared to the same period last year to $463.3 million, with total comparable sales decreasing 6.2 percent," reported the Global News Wire. In terms of JOANN's gross profit, this also decreased by 20 percent compared to the same time last year. As of July 22, 2022, JOANN had a debt of $1.
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