GlobeNewswire Inc | Jun 28, 2021 07:00AM EDT

June 28, 2021

HUDSON, Ohio, June 28, 2021 (GLOBE NEWSWIRE) -- JOANN Inc.(NASDAQ: JOAN) (JOANN), the nations category leader in sewing and one of the fastest growing competitors in the arts and crafts category, announced that it has formally joined the Russell 2000 Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the US market opens on June 28.

Membership in the Russell 2000 Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

We are pleased to be part of the Russell 2000 following our recent listing on NASDAQ, said Wade Miquelon, President and Chief Executive Officer of JOANN. The inclusion of JOANN increases our visibility with investors. It is also a strong validation of the progress weve made as a newly public company and as the nations largest fabric and crafts retailer.

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russells US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell 2000 Index and the Russell indexes reconstitution, go to the Russell Reconstitution section on the FTSE Russell website.

About JOANN:

For more than 75 years,JOANNhas inspired creativity in the hearts, hands, and minds of its customers. From a single storefront inCleveland, Ohio, the nations category leader in sewing and fabrics and one of the fastest growing competitors in the arts and crafts industry has grown to include 855 stores across 49 states and robust e-commerce business. With the goal of helping every customer find their creativeHappy Place,JOANNserves as a convenient single source for all of the supplies, guidance, and inspiration needed to achieve any project or passion.

About FTSE Russell:

FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $17.9 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

FTSE Russell is wholly owned by London Stock Exchange Group.

For more information, visit www.ftserussell.com.

Investor Relations Contacts:Ajay JainAjay.Jain@joann.com330-463-8585

Tom Filandro;ICR, Inc.JoannIR@icrinc.com646-277-1235

Corporate Communications:Amanda Hayesamanda.hayes@joann.com216-296-5887