Fiber Harmony (Stitch 'n Dish)

Tag: retail bankruptcy

  • The end

    The end

    This weekend the crafting and sewing world faced the reality of the beginning of the end for a retail staple. The retailer Joann entered Chapter 11 bankruptcy for a second time in less than a year. Liquidation sales began in the 500 stores slated for closure under the agreement with another 300 or so remaining…

  • Craft Economics – a primer

    Craft Economics – a primer

    Many people are taking to YouTube and other social media sites to raise the hue and cry to “Save Joann’s“. While I will be among the sad when (not if) they finally close their doors for the last time, I think it’s really, REALLY important to understand what factors went into this final implosion. I…

  • Stash half-full (a perspective)

    Stash half-full (a perspective)

    The rumors have been flying for some time, and yesterday on Reddit, the details started trickling out. By this morning there were full posts on the decision by Joann’s corporate overlords to declare bankruptcy for a second time in a year. First of all, I want to state my deep and heartfelt sympathy for the…