Joann closing all of its remaining stores and going out of business
Fabric and crafts retailer Joann is closing all of its remaining stores after failing to find a buyer that would keep them open.
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Fabric and crafts retailer Joann is closing all of its remaining stores after failing to find a buyer that would keep them open.
Fabric and crafts retailer Joann has announced it will be closing approximately 500 stores nationwide, almost a year after filing for bankruptcy.
Party City informed employees in an email on Friday that it was conducting an immediate "mass layoff" at its headquarters.
TGI Fridays Executive Chairman Rohit Manocha said "COVID-19 and capital structure" were the primary drivers of the chain's financial challenges.
Seafood chain declared bankruptcy in May after struggling with slowing growth and mounting competition.
Red Lobster's owner has said the pandemic and rising costs hurt the seafood chain's financial performance.
Rite Aid said it plans to shutter 154 locations across the nation, with many of the stores slated for closure in California and Pennsylvania.
The e-commerce company plans to relaunch its online store under Bed Bath & Beyond's banner in the coming weeks.
Don't throw away those expired Bed Bath & Beyond single-item coupons just yet.
Mired in a prolonged sales slump, the retail chain has struggled to attract customers both in stores and online.
Wedding dress retailer cites "post-COVID environment and uncertain economic conditions," saying it's looking for a buyer.
Across the Atlantic, startup companies woke up Saturday to find that Silicon Valley Bank's U.K. business will stop making payments or accepting deposits.
Some of the biggest names in sports and entertainment promoted crypto "Ponzi scheme" to investors, lawsuit alleges.
CEO Sam Bankman-Fried also resigned from FTX, which was facing a financial crunch and a federal probe.
Grocery store operator A&P is filing for Chapter 11 bankruptcy with plans to sell off stores as it faces increasingly tough competition.
Interfaith Medical Center in Brooklyn was set to begin shutting its doors this week, despite a public outcry.
The pre-planned Chapter 11 filing wiped out $1.2 billion of the casino's $1.5 billion in debt, by giving lenders an 82 percent ownership stake.
Allowing patrons to smoke is only one of several big changes the $2.4 billion resort is planning. Its bankruptcy filing read like a laundry list of mistakes and misfortunes that caused the much-heralded resort to struggle sine the day it opened last April.
The New Jersey-based owner of the Mandee, Annie Sez and Afaze clothing stores filed for Chapter 11 bankruptcy protection Monday, citing effects from Superstorm Sandy as the cause of its financial woes.
Interfaith Medical Center in Brooklyn has filed for Chapter 11 bankruptcy protection.
Now that the Los Angeles Dodgers have filed for Chapter 11 bankruptcy, the future of the franchise is uncertain. What would happen if the Dodgers returned to Brooklyn?
The additional closings would bring the remaining store total to about 400.
The U.S. Bankruptcy Court for the Southern District in New York will rule on whether a bid by a group of debtholders for $290 million should be approved.
The 40-year-old company plans to close about 200 of its 642 stores over the next few weeks. All of the stores closed will be superstores, Borders spokeswoman Mary Davis said.
A New York court has approved financing that will allow the Great Atlantic & Pacific Tea Co. to continue operating while under Chapter 11 bankruptcy protection.
A deal to sell the widely popular platform remains a work in progress.
Federal prosecutors have added two charges to Sean "Diddy" Combs' indictment, expanding on allegations that the jailed hip-hop mogul engaged in sex trafficking as recently as last year.
New Jersey's Department of Transportation has released a new timeline for the reopening of I-80 in Wharton.
Chicago's famed Portillo's is bringing "Hot Dog High Tea" to New York City and Los Angeles.
The Mets play their 2025 home opener against the Toronto Blue Jays today at Citi Field, where 40,000 fans will welcome superstar Juan Soto to Queens.
Federal prosecutors have added two charges to Sean "Diddy" Combs' indictment, expanding on allegations that the jailed hip-hop mogul engaged in sex trafficking as recently as last year.
The Mets play their 2025 home opener against the Toronto Blue Jays today at Citi Field, where 40,000 fans will welcome superstar Juan Soto to Queens.
A woman was charged with driving without a license after NYPD says she ran over two girls and a man during a wild crash in Astoria.
It's going to be a rainy weekend in the Tri-State Area.
The New York State Thruway Authority says it is owed $70 million in unpaid tolls from 2024 alone, and now they're heading to court to try to collect.
It's going to be a rainy weekend in the Tri-State Area.
New photos show a first look inside the Waterbury, Connecticut home where a man claims his stepmother held him captive for two decades.
Monday's powerful storm triggered a severe thunderstorm warning and tornado warning for parts of New Jersey.
A man who told police his stepmother held him captive in their Waterbury home for two decades asked why she is not in jail while awaiting trial, a state prosecutor says.
A weekend filled with roller coaster temperatures and elevated pollen levels is here in the Tri-State Area.
New Jersey's Department of Transportation has released a new timeline for the reopening of I-80 in Wharton.
April is National Volunteer Month, and Community Food Bank of New Jersey needs help year round tackling hunger and food insecurity.
It's going to be a rainy weekend in the Tri-State Area.
The 14-year-old accused of killing a Newark Police sergeant in March will be tried as an adult, federal prosecutors say.
A New Jersey business is helping people with autism find meaningful employment when they often struggle to find work.
It's going to be a rainy weekend in the Tri-State Area.
The New York State Thruway Authority says it is owed $70 million in unpaid tolls from 2024 alone, and now they're heading to court to try to collect.
Fewer than 80 triple organ transplants have been attempted in the United States, and for the first time, the rare procedure was successfully performed on Long Island.
In just about a month, Americans will need a Real ID to go through airport security, or enter most federal buildings, and the final warnings to be ready are increasing.
There's an official finding in the deadly fire at Happy Cat Sanctuary on Long Island, but it leaves many questions unanswered.
A deal to sell the widely popular platform remains a work in progress.
A judge in Rhode Island on Thursday blocked $11 billion in public health funding while a lawsuit from 23 states and D.C. plays out.
New York City Mayor Eric Adams will skip the Democratic primary and run for reelection as an independent, he announced Thursday.
President Trump announced new reciprocal tariffs on Wednesday, which he dubbed "Liberation Day."
Amazon has expressed interest in buying TikTok ahead of deadline for ByteDance to sell the social media app or face a U.S. ban.
Fewer than 80 triple organ transplants have been attempted in the United States, and for the first time, the rare procedure was successfully performed on Long Island.
New York issued a travel advisory as measles cases in the U.S. and around the world are rising.
The Ulster County clerk refused to file a $113,000 fine from Texas against a doctor accused of prescribing abortion pills to a woman near Dallas.
In NYC and beyond, the spring 2025 allergy season is striking earlier -- and sticking around longer -- than usual this year.
Sleep apnea screenings will be free for New Yorkers under a new law passed at City Hall on Wednesday.
Federal prosecutors have added two charges to Sean "Diddy" Combs' indictment, expanding on allegations that the jailed hip-hop mogul engaged in sex trafficking as recently as last year.
Bruce Springsteen announced "Tracks II: The Lost Albums" will feature seven full-length albums that were never released from 1983-2018.
Tony Bennett's children are in a legal battle over the singer's estate.
Nintendo has announced a June 5 launch date for its latest gaming console, the Switch 2.
A unique talent, Val Kilmer was praised as an acting chameleon who took on varied and challenging roles, and the results were often memorable.
The Mets play their 2025 home opener against the Toronto Blue Jays today at Citi Field, where 40,000 fans will welcome superstar Juan Soto to Queens.
Aaron Judge led the Yankees over the Diamondbacks 9-7 Thursday night.
Anthony Edwards finished with 28 points to lead the Timberwolves past the Nets 105-90 on Thursday for their fourth straight win.
Costa Rica authorities confirmed that carbon monoxide poisoning was the cause of death of Miller Gardner, the 14-year-old son of former New York Yankees outfielder Brett Gardner.
Vincent Trocheck scored at 24 seconds of overtime to give the Rangers a 5-4 victory over the Wild on Wednesday night.
Tenants at NYCHA's Borinquen Plaza Houses in Brooklyn say they're plagued by constant elevator outages and malfunctions.
Several Bronx residents are claiming they haven't been able to take a hot bath or shower for months, due to extremely low water pressure or no water at all.
New York City is preparing to roll out an unconventional strategy for tackling its rodent problem: rat birth control.
As Gov. Kathy Hochul pushes for a "bell-to-bell" ban on cellphones inside classrooms, two schools in the Bronx got ahead of the curve and are seeing benefits.
Coney Island's amusements are set to open Saturday as the Brooklyn Borough President weighs in on a casino proposal.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
Tens of thousands of people flooded Manhattan streets on June 2, 2024 for the 60th annual Israel Day on Fifth Parade.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
The 50th Annual Village Halloween Parade drew massive crowds, celebrating the theme "Upside/Down:Inside/OUT."
John Elliott has the Tri-State Area's updated Friday afternoon forecast on CBS News New York.
Elizabeth McCarthy, president and CEO of the Community Food Bank of New Jersey, shows how volunteers sort through thousands of pounds of food donations. CBS News New York's John Elliott reports.
New Jersey's Department of Transportation has released a new timeline for the reopening of I-80 in Wharton.
Federal prosecutors have added two charges to Sean "Diddy" Combs ' indictment, expanding on allegations that the jailed hip-hop mogul engaged in sex trafficking as recently as last year.
We're joining the annual pack-a-thon in New Jersey to pack up meals and raise money for the food bank's mission. CBS News New York's John Elliott reports.
