Hancock Fabrics takes several strategic restructuring steps
27 Jan '06
1 min read
Fabric wholesale merchant Hancock Fabrics Inc has announced several strategic restructuring initiatives designed to improve the company's performance, together with updates on certain other financial and accounting issues.
Additionally, the company informed that it will re-inventory all stores prior to finalizing results for its year ending January 28, 2006. This will delay the reporting of year end results and possibly delay the filing of the company's Annual Report on Form 10-K beyond its due date of April 13, 2006.
Hancock Fabrics Inc is a specialty retailer serving the creative enthusiast with a wide selection of fabric and related home sewing and decorating accessories.
The company operates 443 retail fabric stores in 43 states.
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