LYCOS RETRIEVER 
Hancock Fabrics
built 117 days ago
Hancock Fabrics has been a St. Jude partner for 12 years and was among the very first St. Jude corporate partners. Hancock supports and contributes to St. Jude through fabric sales, Dream Home, Employee Giving and Quilt of Dreams. To date, Hancock Fabrics, along with its customers, employees and vendors, has donated nearly $5 million in monetary and in-kind donations to St. Jude, including almost 15,000 quilts received through the Quilt of Dreams program.
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By 1992, Hancock Fabrics was one of seven major retail piece-goods chains, with 482 stores, accounting for approximately 24 percent of the 2,000 full-sized fabric stores in the United States. During this year of peak capacity for the fabric industry, Hancock's sales reached $380.4 million, and net earnings rose to $12.1 million. Employees numbered 7,390.
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Through Hancock Fabrics' Quilter's Sampler Club Monthly Block Party, interested consumers receive instructions and guidance on two blocks each month for six months. A class at one of the company's local stores helps members complete that month's kits and gives them a chance to meet other local quilters. At the end of the six months, the company says, members will have completed the blocks featured on the given quilt. The 2006 Gathering of Flowers Sampler Club begins in March 2006. Hancock Fabrics is just completing the 2005 Lewis and Clark Block of the Month quilt.
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Hancock Fabrics Inc. reported earnings results for the months June, July and August, 2007. For the period of March 21, 2007 to May 5, 2007 the company reported net income of $3,056,000 on sales of $65,839,000. For the month ended June 2, 2007 the company reported net loss of $5,708,000 on sales of $27,876,000. For the month ended July 7, 2007 the company reported net loss of $10,062,000 on sales of $23,922,000. For the month ended August 4, 2007, the company reported net loss of $1,497,000 on sales of $17,668,000.
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Hancock Fabrics is engaged in the retail and wholesale fabric business, selling fabrics and related accessories to the sewing and home decorating markets and at wholesale to independent retailers. As of Jan 28 2006, Co. operated 443 stores in 43 states and an Internet store under the domain name hancockfabrics.com . As a wholesaler of fabrics and related items, Co. sells to independent retail fabric stores through its wholesale distribution facility in Baldwyn, MS. Co.'s stores provide a range of apparel fabrics, home decorating products, sewing machines, patterns, yarn, quilting materials, seasonal items and notions, which include sewing aids and accessories such as zippers and buttons.
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On March 21, 2007, Hancock Fabrics, Inc., along with 6 of its affiliates (collectively, the “Debtors”), each filed a voluntary petition for relief under chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”). The Debtors were each assigned separate case numbers (collectively, the “Bankruptcy Cases”) but are being jointly administered under Case No. 07-10353. The Bankruptcy Cases are pending before the Honorable Brendan Linehan Shannon in the United States Bankruptcy Court for the District of Delaware.
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Hancock Fabrics