Bankruptcy for Jo Anns, Too ?

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I have heard rumor that Jo Anns Fabric stors is filing or has filed bankruptcy. I hope that is just a rumor. Where I live, near Knoxville TN, we have lost 4 fabtric stores in 2 years. I worked at a Hancocks fabric who filed bankruptcy, and in doin so they shut down 3 of their stores. All that is left anywhere nearby for us sewers is Jo Anns in Knoxville, which is approximately 40 miles away. Can any one help me on this rumor

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