U.K. and U.S. retailers are reportedly finding that deep discounts aren’t enough to woo consumers. “Even the strongest and highest profile brands up and down the country are struggling,” said Julie Palmer, a partner at British consulting firm Begbies Traynor Group, told Bloomberg News in an interview published Sunday...
Fabric/craft supplies retailer Joann is reportedly considering a bankruptcy filing. That filing could come as soon as this week, with the company striking a deal that would give control to lenders and free it of costly debt, Bloomberg News reported Saturday (March 2), citing sources with knowledge of...
During this quarter, JOANN opted to refine its retail approach to align better with customer demand. During the craft retailers’ latest earnings call on Monday (Dec. 4), Chris DiTullio, JOANN’s chief customer officer and co-lead of the interim office of the CEO said: “We remain...
Today, consumers crave the ability to maximize their precious free moments, and convenience in shopping is the key to achieving this. Not only does convenience spare them the laborious effort associated with traditional shopping — navigating bustling stores, hunting for items, enduring lengthy checkout lines,...
April 01, 2020
How can I help? It is the question that millions of Americans have been asking themselves for the last few weeks, as COVID-19, the disease caused by the coronavirus, has engulfed the U.S. For some — medical workers, public health officials, Instacart shoppers and other essential services providers — the answer is obvious. They help […]
March 24, 2024
U.K. and U.S. retailers are reportedly finding that deep discounts aren’t enough to woo consumers. “Even the strongest and highest profile brands up and down the country are struggling,” said Julie Palmer, a partner at British consulting firm Begbies Traynor Group, told Bloomberg News in an interview published Sunday (March 24). She cited a “difficult macroeconomic environment, reduced discretionary […]
March 03, 2024
Fabric/craft supplies retailer Joann is reportedly considering a bankruptcy filing. That filing could come as soon as this week, with the company striking a deal that would give control to lenders and free...
February 16, 2021
Fabric and craft retail chain JOANN plans to go public, the company announced today in an S-1 filing with the Securities and Exchange Commission (SEC). JOANN has grown during the...
July 31, 2018
In an effort to extend its brand beyond fabrics, Jo-Ann Stores has shortened the name of its brick-and-mortar stores. The locations, which were previously branded as Jo-Ann Fabrics, are now...
