Archive | Hancock Fabrics

Hancock Fabrics

Hancock Fabrics withdraws bid to go private

Baldwyn-based craft and fabrics retailer Hancock Fabrics today said it was withdrawing its proposal to take the company private. The company said in April it would have a 1000-to-1 reverse stock split and no longer be publicly traded, in order to better use its finances and focus on improving its performance. Hancock would have paid shareholders […]

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Posted in Baldwyn, Business news, Business newsmakers, Hancock Fabrics, National0 Comments

Hancock Fabrics

Hancock Fabrics extends CEO Morgan’s employment

Hancock Fabrics has extended by four years the employment contract of company President and CEO Steve Morgan. The company’s board of directors also voted to keep Morgan as a member of the board. Morgan was appointed president and chief executive officer in October 2011 after having served in that role on an interim basis since January 2011. He replaced Jane […]

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Posted in Baldwyn, Business news, Hancock Fabrics, National, Northeast Mississippi, Salary & benefits/compensation, Tupelo0 Comments

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Hancock Fabrics names new chief financial officer

Hancock Fabrics has named a Fred’s executive as its new chief financial officer. In an SEC filing Thursday, the Baldwyn-based craft and fabrics retailer named James B. Brown executive vice president and CFO, effective March 18. He replaces Larry Fair, who stepped in as interim CFO in December after the resignation of Rob Driskell. Driskell […]

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Posted in Business news, Business newsmakers, Hancock Fabrics, Northeast Mississippi, Retail News0 Comments

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Hancock Fabrics’ CFO resigns for new job

Baldwyn-based Hancock Fabrics just filed this with the SEC (complete filing):   On December 13, 2012,  Mr. Robert W. Driskell, Executive Vice President and Chief Financial Officer (“CFO”) of Hancock Fabrics, Inc. (the “Company”), tendered his resignation as Executive Vice President and CFO to be effective December 21, 2012. Mr. Driskell is resigning to accept an […]

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Posted in Business news, Hancock Fabrics, Northeast Mississippi, Retail News, Tupelo0 Comments

Hancock Fabrics logo

Hancock Fabrics losses widen for quarter, year

On Friday, Hancock Fabrics released its third-quarter and year-to-date financials. The good news: net sales for the company’s fiscal third quarter were $71.9 million, up from the $70.8 million a year earlier. Also, for the fourth consecutive quarter, same-store sales – sales at stores open for a least a year – rose again. The bad […]

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Posted in Business news, Hancock Fabrics, Northeast Mississippi, Retail News0 Comments

Hancock Fabrics

Hancock Fabrics extends revolving credit, term loan

GA Capital said today it had closed on a $15 million term loan facility for Baldwyn-based Hancock Fabrics Inc.  In fact, the craft and fabrics retailer last month said it had closed on the deal, in addition to entering an amended and restated loan and security agreement. Here’s what Hancock Fabrics said of the working […]

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Posted in Business news, Hancock Fabrics, Northeast Mississippi, Retail News0 Comments

Store schedule for Black Friday openings in Tupelo

We’ll be out covering the Black Friday craziness this week. Will Old Navy shoppers win the worst behaved award for a third year in a row? Click here to see what happened last year – long lines everywhere and a stampede at Old Navy with police called in to help settle things down. Dennis will […]

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Posted in Business news, Downtown Tupelo, Hancock Fabrics, Mall At Barnes Crossing, Northeast Mississippi, Retail News, Tupelo366 Comments


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