Several Joann stores are closing as the fabric and crafts store files for Chapter 11 bankruptcy for the second time.

Could a Joann fabric, craft store be closing near you? The national retail chain is declaring bankruptcy for the second time in a year. What we know

Joann, a fabric and craft retailer, announced it filed for bankruptcy for the second time within a year due to financial and inventory issues.

Joann is filing another bankruptcy which will likely require the company to liquidate most stores across the country, including Maine

Only time will tell whether Joann, the nation's largest retailer of fabric and crafts, will survive in Northpark Mall. The company recently filed for bankruptcy protection for the second time within a year.

Experts say the rise in store shutterings is driven by rising online retail sales and consumers converging on big one-stop-shopping chains and platforms.

A new report predicts this year will only get worse for the already-struggling retail sector, with the number of location closings expected to double.