Joann fabric and crafts retailer files for an IPO
The Ohio-based retailer is one of the largest competitors of the Irving-based arts and crafts retailer Michaels.
The two-level Joann store in Dallas at Preston Road and Forest Lane is one of the Ohio-based chain s biggest.(Ashley Landis / Staff Photographer)
The fabric and crafts retailer Joann said Tuesday that it had filed a registration statement to issue an initial public offering of stock, becoming the latest retailer to want in on the public markets.
With 855 stores and annual sales of about $2.6 billion, the Hudson, Ohio-based company is a major competitor of the Irving-based arts and crafts retailer Michaels Group.