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Tag Archives: sewing

A Stitch in Time — The Southern Needle looks to spark renaissance

While Beverly Anglin is a risk-taker, she is not your typical entrepreneur. Ask most small business owners about their goals, they usually will talk about revenues, profits, market share. Anglin, owner of The Southern Needle in the Trace Station Shopping Center in Ridgeland, talks little about any of those things. In fact, she has few goals but one very ambitious, ...

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Hancock Fabrics' board votes to go private

BALDWYN — Hancock Fabrics says it plans to stop being a publicly traded company, allowing executives to focus on improving its business. The Northeast Mississippi Daily Journal reports the change has been approved by the Hancock Fabrics board of directors and must be approved by shareholders in August. The company trades under the symbol HKFI, and shares closed at 96 ...

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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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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 share, in the first quarter ...

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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 CEO, ended contracts with four ...

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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 the third quarter last year. ...

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Hancock Fabrics records more losses

BALDWYN — Hancock Fabrics Inc. has released its financial results for its second quarter ended July 30, 2011 and its first half of fiscal 2011. Financial results for the second quarter include: • Net sales were $57.8 million, compared to $60.5 million for second quarter of last year, and comparable store sales decreased 4.1 percent, compared to a 0.7 percent ...

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Hancock Fabrics posts loss for quarter, year

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 loss of $5 million, a ...

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