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Fabrics retailer Jo-Ann posts disappointing sales

02 Dec '05
1 min read

Apparel and craft sewing fabrics retailer Jo-Ann Stores Inc reported that November net sales decreased 0.4 percent to $190.2 million from $190.9 million in the same period last year.

November same-store sales decreased 6.1 percent compared to a same-store sales increase of 2.7 percent last year.

Year-to-date net sales increased 3.8 percent to $1.469 billion from $1.415 billion in the prior year.

Year-to-date same-store sales decreased 0.6 percent, versus a same-store sales increase of 2.7 percent for last year.

Jo-Ann Stores Inc the leading national fabric and craft retailer with locations in 47 states, operates 689 Jo-Ann Fabrics and Crafts traditional stores and 154 Jo-Ann superstores.

Jo-Ann Stores Inc

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