JOANN Fabric & Crafts is closing at 2A Bureau Drive at the Diamond Square shopping center in Gaithersburg. We can't blame the moribund Montgomery County economy for this closure, however. The chain has filed for a second bankruptcy, a sad turn of events for a venerable retailer that has been around since 1943. It is closing 500 of its 850 stores nationwide. Closing sales at those stores could begin as early as tomorrow.
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