Posts Tagged ‘fabrics’

Hancock Fabrics’ sales up, but still records net loss

BALDWYN — Hancock Fabrics Inc., for its first quarter ended April 28, reports an operating loss of $1.2 million, compared to a $1.0 million loss in the first quarter of last year. The net loss was $2.4 million, or $0.12 per basic share, compared to a net loss of $2.2 million, or $0.11 per basic […] [...]

Hancock Fabrics losses mount; faces many challenges

BALDWYN — Hancock Fabrics faces many challenges, according to analysts and the company. The Baldwyn-based company last month reported it lost nearly $11.3 million in the most recent fiscal year. The fabric and craft retailer additionally had to cope with falling sales and self-admitted merchandise problems. In the past year, it’s also hired a new […] [...]

Hancock Fabrics reports ‘difficult’ third quarter

BALDWYN — Hancock Fabrics Inc. saw net sales for the third quarter of $70.8 million, compared to $73.5 million for third quarter of last year, and comparable store sales decreased 3.5 percent, compared to a 0.3 percent increase in the previous year. Operating income for the quarter was $1.2 million, compared to $2.8 million in […] [...]

Morgan named president, CEO of Hancock Fabrics

by Published: October 18,2011

Tags: fabrics, publicly traded company, retail, senior management

BALDWYN — Hancock Fabrics Inc.’s board of directors has appointed Steven R. Morgan, the current interim president and CEO of the company and member of the board of directors, to serve as president and CEO, effective immediately. Morgan will continue to serve as a member of the board. Morgan, 59, was appointed as interim president […] [...]

Hancock Fabrics posts loss for quarter, year

by Published: April 27,2011

Tags: earnings, fabrics, publicly traded company, retail, sales, sewing

BALDWYN — Hancock Fabrics Inc. has announced financial results for its 2010 fiscal year and fourth quarter ended Jan. 29, 2011. Net sales for the year were $275.5 million, compared with $274.1 million in the previous year, and comparable store sales were flat over the last two years. Operating income for the year was a […] [...]

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