Craft-centric retailer Joann announced the United States Bankruptcy Court for the District of Delaware confirmed the company’s prepackaged joint plan of reorganization, clearing the way for it to emerge from Chapter 11 status. The retailer stated it expects to...
Joann missed third-quarter Wall Street estimates on sales and earnings while citing double-digit e-commerce growth as a positive development. Net loss was $21.6 million, or 51 cents per diluted share, versus $17.5 million, or 43 cents per diluted share, in the...
