Hancock Fabrics

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Hancock Fabrics
Type Public
Industry Retail
Founded 1957 (Tupelo, Mississippi)
Headquarters Baldwyn, Mississippi, USA
Number of locations 266 (2008)
Key people Steve Morgan (CEO)
Website www.hancockfabrics.com

Hancock Fabrics is a specialty retailer of crafts and fabrics based in Baldwyn, Mississippi, United States. Hancock Fabrics operates 266 stores in 37 states under the Hancock Fabrics name.[1]

History[edit]

The company, founded in 1957 in Tupelo, Mississippi by Elaine and L.D. Hancock, started out as a cost-efficient retail store and offered a greater selection of merchandise to its customers at lower prices.[2] In 1985, they acquired Minnesota Fabrics based in Charlotte, North Carolina which operated over one hundred stores under the names Minnesota Fabrics and Fabric Warehouse. By 1992, the company was one of seven major retail piece-goods chains operating 482 stores in the United States.[2]

On March 21, 2007, Hancock Fabrics announced it would file for Chapter 11 bankruptcy.[3] The company closed 104 stores and emerged from bankruptcy in August 2008.[1]

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