Hancock Fabrics earnings improve by $1.5 mn for Q2
26 Aug '10
4 min read
Selling, general and administrative expenses for the quarter leveraged to 44.9% of sales or $27.2 million from 45.2% of sales or $26.9 million in the prior year. For the first half of the year, these expenses have improved to 43.6% of sales or $53.8 million from 43.8% or $54.1 million in the first half of last year - a $0.3 million reduction.
Store Openings, Closings and Remodels During the quarter, the Company relocated 2 stores and remodeled 1 location, ending the quarter with 266 stores.
Hancock Fabrics, Inc. is committed to nurturing creativity through a complete selection of fashion and home decorating textiles, sewing accessories, needlecraft supplies and sewing machines. The Company currently operates 266 retail stores in 37 states and an Internet store.
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