Fabric retailer Jo-Ann reports net up, same store sales down
06 Oct '05
2 min read
Apparel and craft sewing fabrics retailer Jo-Ann Stores Inc reported that September net sales increased 5.3 percent to $176.1 million from $167.3 million in the same period last year. September same-store sales increased 0.2 percent compared to a same-store sales decrease of 0.1 percent last year.
For the first nine weeks of the third quarter, net sales increased 4.1 percent to $299.6 million from $287.8 million in the same period last year. Same-store sales during that nine-week period declined 0.9 percent compared to a same-store sales decrease of 1.3 percent during the same nine-week period last year.
Year-to-date net sales increased 3.8 percent to $1.104 billion from $1.064 billion in the prior year. Same-store sales decreased 0.2 percent year-to-date versus a 3.2 percent same-store sales increase for the comparable period last year.
Conference Call The Company will host a conference call to discuss its September sales release and updated earnings guidance. Investors are invited to listen to the conference call to be broadcast live today at 5:00 PM Eastern time by dialing 800-789-6301.
Nation's leading fabric retailer Jo-Ann Stores Inc is one of the largest specialty retailers of crafts, serving customers in their pursuit of apparel and craft sewing, crafting, home decorating and other creative endeavors.
The retail stores (operating as Jo-Ann Fabrics and Crafts traditional stores and Jo-Ann superstores) feature a variety of competitively priced merchandise used in sewing, crafting and home decorating projects, including fabrics, notions, crafts, frames, scrapbooking material, artificial and dried flowers, home accents, finished seasonal and home décor merchandise. As of January 29, 2005, we operated 851 stores in 47 states (737 traditional stores and 114 superstores).
marketing@alchempro.com
