New owner is an Investment Holding Company
The manager at the nearby store told me that Joann's is now owned by, and managed by, an Investment Holding Company which is what I had read in the financial section of the Wall Street Journal. Now that manager (she) has been replaced by a young man who knows nothing about sewing or fabric who continues to hire more young men who don't even know how to cut material. One day we all watched in horror as a newby was going to cut a lovely piece of wedding satin fabric; the shopper asked for 1 yard for sample before she purchased all that the dress required. The cutter threw it on the table on top of a pile of tags and torn plastic wrap and then asked "what's a yard?" That shopper, and a couple of others, just walked away and right on out of the store. Now I look at who is at the cutting counters before I decide to buy anything.