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Tag Archives: fabrics

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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Morgan named president, CEO of Hancock Fabrics

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 CEO in January 2011. He ...

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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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