HAPPY MAGICAL CHINESE PRETEEN MAKE CLOTHES FOR YOU!
Posted on 04/04/2016 10:48:34 AM PDT by Lorianne
Hancock Fabrics stores will close its remaining 185 stores nationwide after filing for bankruptcy protection earlier this year.
Great American Group, a liquidator, announced it was the highest bidder on the assets and inventory of the fabric retailer, which filed for Chapter 11 bankruptcy protection in early February.
"Great American Group has worked closely with Hancock Fabrics in a range of capacities over the last several years," Scott Carpenter, of Great American Group, said. "This has given us a deep understanding of Hancock's inventory and assets, which ultimately allowed us to prevail as the highest bidder."
On Friday, the stores began going-out-of-business sales that are expected to continue for several weeks until all merchandise is sold.
Hancock Fabrics originally planned to close just 70 stores and seek a buyer that would keep the remains stores open. The chain had also filed for bankruptcy in 2007, but only posted a profit in 2009 following a reorganization.
(Excerpt) Read more at upi.com ...
Blast from my past...I haven’t heard of them in years...but I remember tagging along with my mom when she would shop there.
As a side note - my local fabric store seems to do a brisk business. A lot of it is ‘craft’ stuff that you assemble, but it seems to keep them afloat.
You can pay for it now, or pay more for it later. Honestly, Hancock Fabrics had a LOT of fabrics you just couldn't find anywhere but very specialty (and pricy) quilting stores.
However, fellow “sewist” (quiltist maybe?) there is always a silver lining; it is definitely an opportune time to go and add to the stash!
My wife taught both our daughters-in-law sewing, knitting, crocheting, you name it. She taught both our sons to cook and I don’t mean TV dinners. Our youngest son cooks at least half of his family’s meals; his wife is in law enforcement and sometimes has odd hours so it really helps to have a husband/father who can take care of the kids needs.
Agree. You used to be able to buy fabric at Walmart and some of the other discount stores but not anymore. The closest Hancock is over an hour away and now that’s gone, too. Fabric is something you just can’t buy online because you have to match colors and feel the texture. Fabric is too expensive anyway and then not be able to hold it in your hand before buying it. I’ve resorted to buying up anything and everything sewing and craft related at thrift stores and even that’s getting hard to come by and the prices are still high.
I checked Hancock’s site and only saw 20% off notions. Maybe give it a couple weeks and they’ll have better prices to off set s&h.
Mrs. jimfree worked for the company for a time back in the 80s. We had several friends in store management. There is just not the volume to keep as many of these companies in business. K-Mart, long ago, shed its Domestics department, another place of Ann’s employment.
Yikes. I was getting my vinyl seconds for my old cars there.
I understand that fact intimately as I've accompanied her to some of those stores. She does do this with her own funds and she's been pretty strict with herself about not adding to the stash.
I still go to the one in Chattanooga...
I’ll go down there tomorrow...
at one time there was a fabric store on every corner...
My DILs were not interested in my * GASP * old timey advice.
I made my boys take Home Ec in high school. I think after they both graduated it was no longer offered as an elective.
Every girl my boys dated couldn’t iron. Or clean. Or cook. Or bake. Or sew. Or clean ( yes, mentioned TWICE ). Then they married women that couldn’t either. If I had not taught them to be self sufficient, they would be doomed. How does one not teach their kids to be self sufficient ? It’s crazy.
Both are divorced. They weren’t looking to replace Mom, they really wanted partners in life except the women today are taught you don’t need a partner. Some are taught you work therefore you deserve not to work at home. Plus being domestic is considered an outsourcing problem and looked upon as servitude. Imagine that.
SoFro went out of business...
My wife will be sad about this.
Fabric stores are the one place I refuse to go into with my wife. There is absolutely nothing to do or even look at.
...an yur iphoon too!
my wife is sad too
Yesterday she allowed that Hancock was closing and she liked that store
I asked her the last time she went there and it was last summer. she bought a yard of blue fabric to make our grandson a Den flag
meanwhile, he sewing machine was not running well, it was sluggish. My job is to clean and oil it so it will be ready summer after next for another flag
I very seldom eat out—but whoever I do the place is packed with young people that I know cannot afford to eat out every night.
My late grandfather didn’t know how to cook until his second wife passed away (he was a double widower). He MADE me learn basic cooking so I didn’t have to do it when I was 69.
My Dad taught me to iron. I made a decent amount of money doing it in the Fraternity.
LOL!! I was thinking exactly the same thing!
They are not in Los Angeles. Never heard of them.
” Of course, middle aged men are not exactly in their primary customer demographic.”
I’ve been in our local store many times and the women just stare like I’ve got three eyes.
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