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HANCOCK FABRICS, INC. Company Profile
Through careful piecing and pinning, Hancock Fabrics has become a leading nationwide fabric chain (far behind Jo-Ann Stores). The company caters to customers (mostly women) who sew by offering fabrics, crafts, sewing machines, and accessories through some 260 stores (down from more than 400 five years ago) in more than 35 states. It also sells merchandise online. To compensate for the waning popularity of sewing clothes, the company has expanded its selection of craft and home decorating products, including drapery and upholstery fabrics and home accent pieces. Founded in 1957, Hancock Fabrics has struggled to grow its sales in recent years. The company filed for Chapter 11 bankruptcy protection in February 2016 to reorganize its business.
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