Hancock Fabrics 13-week sales ended July 30 drop 7.3%
17 Aug '05
3 min read
"As reported over the past few months, they have been extremely active in efforts to develop and implement a strategy to better connect with the customers in advance of the fast approaching fall/winter selling season. The staff in the stores is spending considerable energy on the makeover process designed to better accommodate customer shopping preferences, while the merchants have been working to enhance the core merchandise categories. The recent completion of a $110 million credit facility has helped us finance these merchandise enhancements during the seasonal build of inventory, while also providing a much greater level of unused borrowing availability that ensures continuing strong relations with valued supplier community," Aggers included.
"Company enter the second half of the year focused on customer needs, with expanded assortments in fleece and fashion apparel fabric, upholstery and drapery fabric for the home, designer and name-brand quilting cottons for the serious quilter, specialty yarns for knitters, and sewing accessories for everyone, ranging from sewing machines to instructional books to ribbon and trimmings," Aggers concluded.
Serving the nation's home sewing and home decorating market, Hancock Fabrics Inc is a specialty retailer of fabric and related home sewing and decorating accessories. The Company operates 446 retail fabric stores in 43 states and operates an internetstore.
marketing@alchempro.com
