Jo-Ann Stores Inc reported that June net sales decreased 7.4 percent to $140.5 million versus $151.8 million in the same period last year. June same-store sales decreased 10.4 percent compared to a same-store sales decrease of 0.2 percent last year.
For the first nine weeks of the second quarter, net sales decreased 6.0 percent to $250.3 million from $266.4 million in the same period last year. Same-store sales during that nine-week period declined 9.2 percent compared to a same-store sales increase of 1.4 percent during the same nine-week period last year.
Year-to-date net sales decreased 1.8 percent to $675.0 million from $687.1 million in the prior year. Same-store sales decreased 5.9 percent year-to-date versus a 0.4 percent same-store sales increase for the same period last year.
Jo-Ann Stores Inc, the leading national fabric and craft retailer with locations in 47 states, operates 654 Jo-Ann Fabrics and Crafts traditional stores and 164 Jo-Ann superstores.
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