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Tag Archives: Hancock Fabrics

Hancock Fabrics stores to close by July 31

TUPELO — The liquidation of Hancock Fabrics is expected to be completed by July 31. That’s according to a filing with the Securities and Exchange Commission on Monday. Great American Group of California is conducting the sale of merchandise — along with furniture, trade fixtures and equipment – at the company’s remaining 185 stores. Last Thursday, Great American’s bid for ...

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Hancock Fabrics board decides against reverse stock split

BALDWYN — Hancock Fabrics Inc.’s board of directors has decided to withdraw Proposal 1, which relates to the proposed reverse stock split and subsequent deregistration under the Securities Exchange Act of 1934, from consideration at the upcoming annual meeting. Under the proposed 1,000 for one reverse stock split of the company’s outstanding shares of common stock, fractional shares, which includes, ...

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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 reports improved performance

BALDWYN — Hancock Fabrics Inc. has released financial results for its third quarter ended Oct. 26 and first 39 weeks of fiscal 2013. Financial results for the third quarter include: • Comparable store sales increased by 1.1 percent following a 2.3 percent increase in the third quarter of 2012. Net sales were virtually flat at $71.8 million compared to $71.9 ...

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Hancock brings in Brown

Hancock Fabrics Inc. has hired James B. Brown, 44, as executive vice president and CFO. Prior to joining Hancock, Brown was employed by Fred’s Inc., in Memphis where he served as senior vice president, finance from November 2011 to March 2013, being promoted from his earlier positions of vice president, planning and analysis and assistant controller. He started his accounting ...

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Re-made and re-charged

Hancock has perfected approach for company founded in 1957   Sometimes, the best way for a company to remain successful is to redefine itself. Such is the case with Hancock Fabrics.  Founded in 1957, Hancock Fabrics developed the concept of a total fabric retailer. More than just a specialty shop, the first stores opened by Hancock Fabrics were cost-efficient and ...

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