Advertisement
YOU ARE HERE: LAT HomeCollectionsHancock Fabrics Inc
IN THE NEWS

Hancock Fabrics Inc

FEATURED ARTICLES
BUSINESS
November 7, 1995 | PATRICE APODACA, TIMES STAFF WRITER
If House of Fabrics Inc. agrees to be acquired by Hancock Fabrics Inc., it would bring an end to the independence of a venerable retail chain well-known throughout Southern California. But, analysts say, such a deal could be the best possible outcome for the Sherman Oaks-based fabrics merchant, which has struggled during the past few years due to intense industry competition, a sluggish retail environment and an ill-timed expansion.
ARTICLES BY DATE
BUSINESS
December 30, 1995 | BARRY STAVRO, TIMES STAFF WRITER
Hancock Fabrics Inc. on Friday dropped out of negotiations to buy rival House of Fabrics Inc. after the Sherman Oaks-based retail chain--foundering under Chapter 11 bankruptcy protection--rejected Hancock's purchase price. "We had an amount in mind and it was obviously not the figure they had in mind," said Larry Fair, Hancock Fabrics' controller. It's possible that the companies may decide reopen merger talks, he added. Hancock Fabrics, based in Tupelo, Miss.
Advertisement
BUSINESS
December 30, 1995 | BARRY STAVRO, TIMES STAFF WRITER
Hancock Fabrics Inc. on Friday dropped out of negotiations to buy rival House of Fabrics Inc. after the Sherman Oaks-based retail chain--foundering under Chapter 11 bankruptcy protection--rejected Hancock's purchase price. "We had an amount in mind and it was obviously not the figure they had in mind," said Larry Fair, Hancock Fabrics' controller. It's possible that the companies may decide reopen merger talks, he added. Hancock Fabrics, based in Tupelo, Miss.
BUSINESS
November 7, 1995 | PATRICE APODACA, TIMES STAFF WRITER
If House of Fabrics Inc. agrees to be acquired by Hancock Fabrics Inc., it would bring an end to the independence of a venerable retail chain well-known throughout Southern California. But, analysts say, such a deal could be the best possible outcome for the Sherman Oaks-based fabrics merchant, which has struggled during the past few years due to intense industry competition, a sluggish retail environment and an ill-timed expansion.
BUSINESS
November 2, 1995 | PATRICE APODACA, TIMES STAFF WRITER
House of Fabrics Inc., a struggling fabric retailer that has been in Chapter 11 bankruptcy proceedings for a year, said Wednesday that it is discussing being acquired by one of its chief rivals. The Sherman Oaks-based company said it is holding "preliminary discussions" with Hancock Fabrics Inc. of Tupelo, Miss., a slightly smaller but more financially stable fabric retailer and wholesaler.
BUSINESS
January 16, 1996 | PATRICE APODACA, TIMES STAFF WRITER
House of Fabrics Inc., trying to weave a plan for survival after more than a year in bankruptcy reorganization, said it will close 86 of its remaining 361 retail fabric stores and shutter its distribution center in South Carolina. The closures will result in the loss of 1,065 to 1,365 of House of Fabrics' 8,000 jobs and position the Sherman Oaks-based retailer to emerge from Chapter 11 proceedings at less than half its former size, with nearly half its remaining stores in California.
BUSINESS
May 4, 1993 | JAMES F. PELTZ, TIMES STAFF WRITER
Wild swings in the stock market usually bring to mind biotechnology, computers, real estate companies or other speculative shares. But home sewing? Few stocks in the last two years have had the roller-coaster ride of House of Fabrics Inc., which is in a close race with Fabri-Centers of America Inc. to be the nation's largest retailer of fabrics, sewing notions and craft materials. House of Fabrics, based in Sherman Oaks, runs 695 stores, a quarter of them in California.
BUSINESS
April 20, 1993 | JAMES F. PELTZ, TIMES STAFF WRITER
Wild swings in the stock market usually bring to mind biotechnology, computers, real estate companies or other speculative shares. But home sewing? Few stocks in the past two years have had the roller-coaster ride of House of Fabrics Inc., which is in a close race with Fabri-Centers of America Inc. to be the nation's largest retailer of fabrics, sewing notions and craft materials. House of Fabrics, based in Sherman Oaks, runs 695 stores, a quarter of them in California.
BUSINESS
November 2, 1995 | PATRICE APODACA, TIMES STAFF WRITER
House of Fabrics Inc., a struggling fabric retailer that has been in Chapter 11 bankruptcy proceedings for a year, said Wednesday that it is discussing being acquired by one of its chief rivals. The Sherman Oaks-based company said it is holding "preliminary discussions" with Hancock Fabrics Inc. of Tupelo, Miss., a slightly smaller but more financially stable fabric retailer and wholesaler.
Los Angeles Times Articles
|