Jo-Ann's Year-to-date net sales drop 2.2% to $907.8mn
01 Sep '06
1 min read
Jo-Ann Stores Inc reported that August net sales decreased 2.9 percent to $119.9 million versus $123.5 million in the same period last year.
August same-store sales decreased 6.4 percent compared to a same-store sales decrease of 2.4 percent last year.
Year-to-date net sales decreased 2.2 percent to $907.8 million from $928.0 million in the prior year.
Same-store sales decreased 6.1 percent year-to-date versus a 0.3 percent same-store sales decrease for the same period last year.
Jo-Ann Stores Inc, the leading national fabric and craft retailer with locations in 47 states, operates 646 Jo-Ann Fabrics and Crafts traditional stores and 169 Jo-Ann superstores.
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