JOANN Enters into Agreement to Reduce Debt and Receive $132 Million in New Capital and Related Financial Accommodations with Strong Support of Key Financial and Industry Stakeholders
March 18, 2024 00:37 ET
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JOANN, Inc.
Stores and JOANN.com Remain Open; Company Continues to Operate as Usual Vendors, Landlords and Other General Unsecured Creditors Are Unimpaired Company Expects to Reduce Approximately $505...
JOANN Announces Third Quarter Fiscal 2024 Results And Increases Top-Line Full Year Outlook
December 04, 2023 16:05 ET
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JOANN, Inc.
Net sales totaled $539.8 million; eCommerce sales up 11.5% to last yearGross profit of $282.1 million increased 0.4% compared to the third quarter of last year52.3% gross margin, a 240-basis point...
JOANN Launches Early Black Friday Deals to Help Customers Beat the Holiday Rush
November 13, 2023 13:00 ET
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JOANN, Inc.
HUDSON, Ohio, Nov. 13, 2023 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ: JOAN) (“JOANN”), the nation’s category leader in sewing and fabrics with one of the largest arts and crafts offerings, is...
JOANN Announces $100 Million FILO Credit Facility and Schedules Fourth Quarter Fiscal 2023 Earnings Release and Conference Call
March 13, 2023 08:30 ET
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JOANN, Inc.
HUDSON, Ohio, March 13, 2023 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ: JOAN) (“JOANN”), the nation’s category leader in sewing and fabrics with one of the largest arts and crafts offerings, announced...
JOANN Announces Third Quarter Fiscal 2023 Results
December 12, 2022 16:15 ET
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JOANN, Inc.
7.9% decline in net sales accompanied by a strong 8% increase in Halloween item performanceTargeting $200 million of cost savings from lower supply chain, product costs, and other operating expenses...
JOANN Schedules Third Quarter Fiscal 2023 Earnings Release and Conference Call
December 06, 2022 08:30 ET
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JOANN, Inc.
HUDSON, Ohio, Dec. 06, 2022 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ: JOAN) (“JOANN”), the nation’s category leader in sewing and one of the fastest growing competitors in the arts and crafts...
JOANN and Sutton Foster Team Up for World Mental Health Day to Share the Positive Impact of Crafting
October 10, 2022 08:30 ET
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JOANN, Inc.
HUDSON, Ohio, Oct. 10, 2022 (GLOBE NEWSWIRE) -- This World Mental Health Day, JOANN, the nation’s category leader in fabrics and one of the fastest-growing players in the arts and crafts space, is...
JOANN Announces Second Quarter Fiscal 2023 Results
September 01, 2022 16:01 ET
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JOANN, Inc.
Comparable store sales decreased by 6.2% with sequential improvement throughout the quarterDigital sales grew 2% versus second quarter fiscal 2022, with penetration exceeding 12% of total salesCompany...
JOANN Adds to Executive Leadership Team to Advance Operations, Inventory Management
December 07, 2021 16:15 ET
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JOANN, Inc.
HUDSON, Ohio, Dec. 07, 2021 (GLOBE NEWSWIRE) -- JOANN, the nation’s category leader in fabrics and sewing and one of the fastest-growing players in the craft space, has added two industry leaders to...
JOANN Announces Third Quarter Fiscal Year 2022 Results
December 02, 2021 16:15 ET
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JOANN, Inc.
Net sales of $611.0 million, reflecting a total comparable sales growth of 8.0% on a two-year basis Net income of $22.8 million, an increase of $31.2 million compared to the third quarter of fiscal...