Jo-Ann grabs three leases in TX
February 17, 2003,
Jo-Ann Stores has acquired the leases on three stores in the Dallas-Fort Worth market from MJDesigns and will open its superstores at the locations.
The three stores, which had annual combined revenues of $16 million in the last full fiscal year of operation under MJDesigns, are currently running court-approved liquidation sales.
Jo-Ann expects to take possession of the stores in late April or early May. The stores will be remodeled, remerchandised and reopened as Jo-Ann superstores later this year.