Hancock Fabrics Reports September Sales
06 10월 2005 - 10:49PM
Business Wire
Hancock Fabrics, Inc. (NYSE:HKF), today reported that sales in the
five-week period ended October 1, 2005 totaled $37.6 million
compared with $40.0 million for the same period of the prior year.
Sales in comparable stores decreased 6.3% in September. In the
first two months of the third quarter, total sales were $66.9
million versus $70.7 million in the same period of fiscal 2004, and
comparable store sales declined 6.3%. Year-to-date, total sales
were $248.0 million in 2005 and $265.6 million in 2004. Comparable
store sales for the eight months to date decreased 7.2%. Jane
Aggers, Chief Executive Officer, commented, "After September's
disappointing first week in which Hurricane Katrina hit and gas
prices spiked, we did see some improvement in our trend.
Year-to-date, through August, comparable store sales had been down
7.3%, and they were down almost 20% during the first week of
September. However, over the last four weeks of September, our
business improved somewhat, as comparable store sales were down
3.2%. During that four-week period, the impact of the month's
second hurricane was largely offset by hurricane activity during
the same period of last year." "We are cautiously optimistic that
the initiatives implemented in mid-September have started to take
hold. While, we acknowledge that there is still market risk, we
remain committed to taking the steps that we can control to improve
the fall and holiday season," Aggers concluded. Hancock Fabrics,
Inc. is a specialty retailer of fabric and related home sewing and
decorating accessories. The Company operates 448 retail fabric
stores in 43 states and operates an internet store under the domain
name, www.hancockfabrics.com.
Hancock Fabric (NYSE:HKF)
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Hancock Fabric (NYSE:HKF)
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