Crafts and fabric retailer Joann plans to close around 500 stores, or roughly half its total, as part of its ongoing Chapter 11 bankruptcy process.

Joann, the well-known fabrics and craft store company, has announced plans to close approximately 500 stores across the country as it seeks to reorganize during Chapter 11 bankruptcy protection, the company announced this week.

The company had initially said it would not close any locations as part of its second Chapter 11 process. However, its fortunes appear to have changed. In another devastating blow to customers and employees of Joann Inc.