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Why Joann Fabric Got Cut

TOMS RIVER – In the months after the closure of Joann Fabric and Crafts, economic analysts are still doing an autopsy to find out just how the retail giant died.   Stores close so frequently that most people assumed it was just another casualty of Amazon. However, there are more complicated reasons. Much of it has to do with high-end financial decisions that caused the closure of more than 800 stores and the laying off 19,000 employees, of which…
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Jersey Shore Online broke the news in on Thursday, August 14, 2025.
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