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Hancock Fabrics comp sales decline in Dec

06 Jan '06
1 min read

Fabric wholesale merchant Hancock Fabrics Inc reported that sales in the five-week period ended December 31, 2005 totaled $48.3 million compared with $49.9 million in the same period of the prior year.

Sales in comparable stores decreased 4.9 percent in December.

In the first two months of the fourth quarter, total sales were $86.4 million versus $91.1 million a year ago, and comparable store sales were down 6.8 percent.

Year-to-date, total sales were $371.4 million in 2005 and $395.9 million in 2004.

Comparable store sales in the eleven months to date decreased 7.0 percent.

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 internet store.

Hancock Fabrics Inc

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