Why now: Joann has lost market share to online retailers and competitors such as Hobby Lobby and Michaels, according to a ...

WSJ's Ann Zimmerman reports Michaels arts and crafts stores are warning customers across the country that their credit card information may have been obtained by hackers. (AP Photo/Donna McWilliam) ...

Joann announced Wednesday that it will close 500 of its stores, including two in greater Jacksonville area. Here's what we ...