Retailer Joann Considers Second Bankruptcy Filing in a Year (1)

Joann Inc., the fabric and crafts retailer that emerged from Chapter 11 less than a year ago, is considering filing for bankruptcy again as it runs out of cash, according to people with knowledge of the matter.

A final decision hasn’t been made, but a filing could happen as soon as this month, said the people, who asked not to be identified because the discussions are private. The company is also exploring other options including a potential sale and raising additional capital, they added.

A recent request by lenders that Joann set aside reserves to cover their losses in ...