Jo-Ann Stores' 4Q sales rise
February 3, 2011-- Home Textiles Today,
Hudson, Ohio - Improved transactions and higher tickets helped lift Jo-Ann Stores' fourth quarter sales to $624.1 million, up 3.6%.
Comps rose 2.0% on top of a strong 4.4% gain in 2009's 4Q. Transactions were up 1.1% and average ticket got a 0.9% boost. The company said severe winter weather during the quarter, which ended Jan. 29, negatively hit comps by 0.8%.
For the fiscal year, sales increased 4.4% to $2.079 billion, with comps up 3.5%. The company will announced complete financial results March 9.
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