Английская Википедия:Hancock Fabrics
Шаблон:Short description Шаблон:Infobox company
Hancock Fabrics was a specialty retailer of crafts and fabrics based in Baldwyn, Mississippi, United States. Hancock Fabrics operated as many as 266 stores in 37 states under the Hancock Fabrics name. Hancock Fabrics was established by the late Lawrence D. Hancock. The final stores were closed on July 27, 2016, after bankruptcy and liquidation.
History
Early history
Hancock Fabrics was founded in 1957 in Tupelo, Mississippi by Elaine (1922-2015) and Lawrence Doyce (L.D.) Hancock (1913-1998), started out as a cost-efficient retail store and offered a greater selection of merchandise to its customers at lower prices.[1]
By 1971, when Lucky Stores bought Hancock Fabrics, the chain owned 81 stores and had 265 additional franchise stores in 19 states.[2]
Growth and reorganization
In 1985, Hancock Fabrics acquired Minnesota Fabrics, which was based in Charlotte, North Carolina and operated over one hundred stores under the names Minnesota Fabrics and Fabric Warehouse. Fabric Warehouse had originally been part of Hancock before they bought Minnesota Fabrics.
Lucky Stores demerged Hancock in 1987, floating it as a public company.[3] By 1992, the company was one of seven major retail piece-goods chains operating 482 stores in the United States.[1]
Closure
On March 21, 2007, Hancock Fabrics announced it would file for Chapter 11 bankruptcy.[4] The company closed 104 stores and emerged from bankruptcy in August 2008.[5]
In 2014, Hancock announced plans to take the company private,[6] but later withdrew the proposal.[7][8]
On April 1, 2016, the U. S. Bankruptcy Court approved the sale of the remaining assets to Great American Group, who announced that the remaining 185 stores will be closed and their assets liquidated.[9] In August 2016, Michaels Stores, Inc. announced its intent to acquire Hancock Fabrics' intellectual property and customer database.[10]
References
External links
- ↑ 1,0 1,1 Hancock Fabrics, Inc. -- Company History
- ↑ Claudia H. Deutsch, "Lawrence Doyce Hancock, 85, Entrepreneur and Philanthropist", New York Times, October 29, 1998. Retrieved May 7, 2015.
- ↑ Шаблон:Cite news
- ↑ Hancock Fabrics Files for Chapter 11 Reorganization Шаблон:Dead link
- ↑ Hancok Fabrics was established by the late Lawrence D. Hancock. Hancock Fabrics Investor Overview]
- ↑ "Miss.-based Hancock Fabrics plans to go private", Associated Press in The Washington Times, April 26, 2014.
- ↑ Шаблон:Cite news
- ↑ "Hancock Fabrics drops plan to go private", WAPT, August 6, 2014. Retrieved May 7, 2015.
- ↑ Шаблон:Cite news
- ↑ Шаблон:Cite web
- Английская Википедия
- Retail companies of the United States
- Companies based in Mississippi
- Retail companies established in 1957
- Retail companies disestablished in 2016
- 1957 establishments in Mississippi
- Companies that filed for Chapter 11 bankruptcy in 2007
- Companies that filed for Chapter 11 bankruptcy in 2016
- 2016 disestablishments in Mississippi
- 2016 mergers and acquisitions
- Страницы, где используется шаблон "Навигационная таблица/Телепорт"
- Страницы с телепортом
- Википедия
- Статья из Википедии
- Статья из Английской Википедии
