
As Joann Fabrics and JCPenney announce store closings, here’s what’s driving the pattern
The new year for brick-and-mortar retailers is picking up right where 2024 left off, as a slew of stalwart brands are set to shutter dozens of store locations amid shifting consumer patterns. The latest crop of closures are being led by fabrics and crafts retailer Joann, which said this week it was shuttering 500 locations...
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