Hancock Fabrics, Inc. (OTC:HKFI) will release the third quarter earnings for 2009 on Thursday, December 3. Management has scheduled a conference call at 10:00 am CT that morning to discuss the financial results. Interested parties may join the call by dialing 800.599.9816, or 617.847.8705 for international callers. Callers must provide the pass code 81066171. Those unable to join the call may hear a replay of the call by dialing 888.286.8010, or 617.6888 for international listeners and entering the pin #80450652. A webcast of the presentation will be available online at www.hancockfabrics.com on the Investors tab.
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Hancock Fabrics, Inc. (Hancock) is a specialty retailer committed to serve creative enthusiasts. The Company operates 263 stores in 37 states and an Internet store located on its Website with the domain name www.hancockfabrics.com as of January 31, 2009. The stores offer a selection of apparel fabrics, home decorating products (which include drapery and upholstery fabrics, and home accent pieces), quilting materials, and notions (which include sewing aids and accessories, such as zippers, buttons, threads, sewing machines and patterns). Stores are primarily located in strip shopping centers. During the fiscal year ended January 31, 2009 (fiscal 2009), Hancock closed seven stores, opened one store, remodeled 63 stores, and relocated four existing stores. Bulk quantities of fabric are purchased from domestic and foreign mills, fabric jobbers, and importers. During fiscal 2009, Hancock purchased approximately 13% of its merchandise from five suppliers.
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