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Tag Archives: sew

Hancock sees greatly improved numbers, but still posts losses

BALDWYN — Hancock Fabrics Inc. is reporting improved financial results for its fourth quarter ended Jan. 26 and full fifty-two weeks of fiscal 2012. For the quarter, net sales increased to $81.7 million, compared to $81.4 million for the fourth quarter of last year. Comparable store sales for the quarter increased 1.4 percent on top of a 4.5 percent increase ...

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Hancock Fabrics' sales up, but posts loss

BALDWYN — Hancock Fabrics Inc., during the third quarter ended Oct. 27, recorded net sales of $71.9 million, compared to $70.8 million for the third quarter of last year, and comparable store sales increased 2.3 percent, compared to a 3.5 percent decline in the previous year. The retailer reports an operating loss of $800,000, compared to operating income of $1.2 ...

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Apparel company now says it will layoff workers, not close plants

COLUMBUS — An apparel company that’s losing a military contract to the federal prison system says it plans to lay off 50 workers in Alabama and Mississippi rather than idling two plants. American Power Source Inc. says the layoffs in Fayette, Ala., and Columbus are due to the government’s decision to shift an Air Force contract to a government entity ...

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