Jo-Ann Stores’ 4Q Same-Store Sales Fall 2.9%

Hudson, Ohio Jo-Ann Stores, Inc. reported that net sales for the fourth quarter ended Jan. 31 were $571.9 million compared to $585.9 million in the prior year. Same-store sales decreased 2.9%.

Net sales for fiscal 2009 were $1.901 billion vs. $1.879 billion last year. Same-store sales for the full fiscal year increased 0.5% vs. a same-store sales increase of 3.5% last year.