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Home > Company Index > Specialty Retail > Miscellaneous Retail > Jo-Ann Stores, Inc.

Jo-Ann Stores, Inc.
NYSE: JAS
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 NEWS FROM THE STANDARD
Petsmart to Rein In Its Online Unit
Nov 15 2000 04:31 PM PST

 PROFILE
Who's got a finger on the button? Jo-Ann Stores does, to say the least. Jo-Ann (formerly Fabri-Centers of America) is the largest US fabrics retailer, with more than 1,000 stores in 49 states. The stores operate under the Jo-Ann Fabrics and Crafts and Jo-Ann etc banners and are located mainly in strip shopping centers. Seeking to expand its appeal to non-sewers, Jo-Ann has been focusing on its Jo-Ann etc concept: 46,000-sq.-ft. superstores that offer a range of arts and crafts supplies, home-decorating items, and holiday merchandise, as well as how-to classes. The company has been closing underperforming stores. Chairman, president, and CEO Alan Rosskamm and his mother, Betty (an SVP), own 15% of Jo-Ann.

 COMPETITION
Hancock Fabrics, Inc. (HKF)
Hobby Lobby Stores, Inc. (dossier)
Michaels Stores, Inc. (MIKE)

 STOCK ANALYSIS
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FURTHER ANALYSIS
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• Deals

 FINANCIAL OVERVIEW
Fiscal Year-End: January
2001 Sales (mil.): 1,483.00
1-Yr. Sales Growth: 7.3%
Employees: 22,300
Revenue per employee: $66,502.24

 KEY PEOPLE
• Alan Rosskamm
    CEO
• Brian P. Carney
    CFO

 CONTACT INFO
5555 Darrow Rd.
Hudson, OH 44236
US
Phone: 330-656-2600
Fax: 330-463-6675
Online: Web Site

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