Hancock Fabrics Reports December 2005 Sales
January 05 2006 - 9:16AM
Business Wire
Hancock Fabrics Inc. (NYSE: HKF), today 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% 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%. 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%. 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 under the domain name,
www.hancockfabrics.com.
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