Ms Aggers noted, "While we were able to reach our second consecutive quarter of comparable store sales increases, this small increase came at the cost of gross margin. Promotional activity impacted our apparel and craft fabric categories, while our non-sewing categories were impacted by product resets that occurred during the quarter, both of which contributed to a decrease in gross margin."
Store Openings, Closings and Remodels During the quarter, the Company did not open, close or remodel any locations and ended the quarter with 266 stores.