Joann, the retailer famously known for selling fabrics and crafts, has filed for Chapter 11 bankruptcy for the second time in less than a year.

Struggling fabric and crafts seller Joann plans to close about 500 of its stores across the U.S. — or more than half of its current nationwide footprint.

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.