Jo-Ann Stores' 4Q Sales Rise

Home Textiles Today Staff -- Home Textiles Today, 2/8/2011 6:15:10 AM

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.