|Founded||1957 (Tupelo, Mississippi)|
|Headquarters||Baldwyn, Mississippi, USA|
|Number of locations||266 (2008)|
|Key people||Steve Morgan (CEO)|
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. 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.