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 Million in Funded Debt Implementing Prepackaged Financial Recapitalization Plan on Expedited Basis HUDSON,

HUDSON, Ohio, Jan. 16, 2024 (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 proud to announce a new partnership with non-profit organization Loose Ends Project (“Loose Ends”).