Three fabric and craft stores are to close in South Jersey as part of approximately 500 shutdowns nationwide, the financially ailing retailer Joann has disclosed.

Six of the 11 Joann fabrics stores in New Jersey are slated to close amid its bankruptcy as the company plans to close 500 “underperforming” stores out of the 850 it has nationwide.

The longtime retailer chain is going through chapter 11 bankruptcy, and earmarked six New Jersey stores among its planned ...