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 ...
I need to go get some upholstery fabric for a chair I’ve been meaning to re-do. Thanks for the nudge.
What you describe is all but Greek to me.
I can’t imagine grown people living in a cartoon fantasy world. No wonder they never grow up.
What you describe is all but Greek to me.
I can’t imagine grown people living in a cartoon fantasy world. No wonder they never grow up.
I used to like to go in their stores.
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I suspect your statement is exactly why they are closing.
Being married to a quilter who also does all sorts of other needle-art pursuits, I know your wife had better never see your post.
First of all, you know she is going to the sale -- and you will probably have to drive her. Face up to it now for your own sanity.
Then there is that psycotic phrase "she has plenty of fabric in her studio stash now" which you would never say in front of her. As a Quilter, she never has enough -- you know this and simply have to face up to it.
My wife has a sewing room with a full width closet that goes up to ten feet in height. We have three garage bays but we can only get one car in the garage. Fabric tubs, doll furniture, yarn, patterns, and the like on stainless steel racks to over seven foot in height.
You know the disease, you simply have to get out of this denial phase and you will be much happier.
Oh they grow. Cosplay is an expensive hobby. It’s really no different than sports fandom or adventure sports. Everybody needs a reality break once in a while.
I mostly quilt but I also make clothing, home dec, etc.
Me, too. I will not use a sewing machine on my quilts. Not even to piece them. Not many of us left. My daughter wants me to teach her, but they are living in China right now.
Oh my. My grandmother made many of my clothes (tailor quality). I learned to sew, first in high school Home Ec, went on to make many of my outfits in high school, and then in college, actually was a finalist in Glamour magazine’s clothing something or other, all sewn by me.
Then I quilted, and made some grand daughter dresses. So sad if you can’t find fabric. Ugh!
seriously my husband sewed curtains for his Dodge van back in the day....
its not just the young women...
well, now being a young woman with a husband she's an excellent cook, a gourmet, she raises her own chickens and has two ducks in her small little Portland Oregone yard, cans and pickles, and even has a side business making specialty elixirs and other stuff, let alone she works full time....
pretty proud of her....
Yeah, I’ve been garage saling and thrift store shopping for decades. Clothing, toys, household, Christmas, etc. Knowing how to sew and get stains out helps with second hand. That’s all the kids knew until high school and then it was rock bottom clearance racks. For $20 each a year, they were still the better dressed kids in school. I’m sitting at a $35 solid wood desk I refinished with an antique chair and next to a $65 antique wardrobe that is now the sewing cabinet and two free glass front hutches.
Now days, we have more than enough stuff so have had to cut back to just the annual big community sale.
Especially now that she is in her 80s, and I just turned 60 (!), these things mean even more to me.
She still does some quilting.
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