Joann expects to receive $132 million in new financing as part of the bankruptcy agreement. The Ohio-based company will also be delisted from the Nasdaq stock exchange.
Business
On-site consumption pot shop slated for Juneau gets OK from city
The business will be located in the Mendenhall Valley and includes a retail and cultivation facility and outdoor consumption area.
Alaska brewers sue state alcohol board on entertainment rules
Up until the beginning of this year, state laws banned breweries and wineries from having live entertainment on site.
‘Everything is rising at a scary rate’: Why car and home insurance costs are surging
The cost of auto and home insurance is rising much faster than overall inflation, thanks in part to a string of billion-dollar storms. A growing number of people are going without insurance.
Ravn Alaska slashes workforce, raising questions about regional airline’s future
Alaska’s biggest regional airline has laid off 130 of its 400-plus employees.
These companies tried a 4-day workweek. More than a year in, they still love it
Many of the companies are so pleased with the results — improved wellbeing, lower turnover, greater efficiency — they’re making the four-day workweek permanent.
Alaska’s mariculture industry expands, with big production increases in recent years, report says
Alaska seaweed production went from almost nothing in 2017 to nearly 900,000 pounds in 2022.
FTC and 9 states sue to block Kroger-Albertsons supermarket merger
The deal would combine the country’s two largest grocery store chains. The companies say they have to merge to compete with Walmart.
Domino’s Pizza stunt marketing lands Anchorage $25,000 for snow plowing
The campaign started after Anchorage got its record-breaking snowfall in November, overwhelming the city’s snow removal system and shutting down schools for days.
Dumping trash is about to get more expensive in Juneau
Household garbage fees will soon go up by almost 9%, and disposal of metal will nearly triple.