Major chain set to close hundreds of stores in US after going bankrupt for second time. Story in 10 points

Struggling fabric and crafts seller Joann plans to close about 500 of its stores across the U.S. — or more than half of its current nationwide footprint. This comes after the company filed for its second bankruptcy last month. Joann currently operates around 800 stores across 49 states. Joann’s roots date back to 1943.