Jo-Ann 3Q sales up 4%

HUDSON, Ohio Jo-Ann Stores reported today that net sales, for the third quarter ended Nov. 3 increased 4% to $480.2 million from $461.9 million in the prior year.

The company reported that same-store sales for the quarter increased 2.4% versus a same-store sales decrease of 5.4% for the third quarter last year.

Net sales for the nine-month period ended November 3, 2007 were $1.30 billion versus $1.25 billion for the same period last year. Year-to-date same-store sales increased 3.5% versus a same-store sales decrease of 5.8% for the same period last year.