Hancock Fabrics Reports August Sales
31 Août 2006 - 3:24PM
Business Wire
Hancock Fabrics, Inc. (NYSE:HKF), today reported that sales in the
four-week period ended August 26, 2006 totaled $25.8 million
compared with $29.3 million in the same period of the prior year.
Sales in comparable stores decreased 7.7% in August. In the first
seven months of fiscal 2006, total sales were $205.4 million versus
$210.4 million in the same period of fiscal 2005, and comparable
store sales declined 1.3%, including a 4.9% benefit from 40 stores
that have now been liquidated in connection with store closing sale
events. "Comparable store sales were lower in August due to the
combination of an overall reduction in promotional activity,
continued weakness in the home decorating sector, and a slow start
to the fleece season. We are pleased with our merchandise
assortments and marketing strategy and are cautiously optimistic as
we enter the important Fall selling season," said Jane Aggers,
Chief Executive Officer. Hancock Fabrics, Inc. - America's Fabric
Store - is committed to serving creative enthusiasts with a
complete selection of fashion and home decorating fabrics, sewing
accessories, needlecraft supplies and sewing machines. The Company
operates 404 retail stores in 40 states and an Internet store at
www.hancockfabrics.com.
Hancock Fabric (NYSE:HKF)
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