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Webjoann — one of the nation’s largest sellers of fabrics and craft supplies — will emerge from its bankruptcy proceeding with its more than 800 u. s. Webfabric and crafts retailer joann declared bankruptcy on monday amid spending cutbacks from consumers and higher operating costs. The retail chain said it. Joann expects to complete its financial restructuring and emerge from bankruptcy “in the coming days,” the craft and sewing retailer said in a thursday.