Hancock Fabric (NYSE:HKF)
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Hancock Fabrics, Inc. (NYSE:HKF) announced that it has
realigned its Store Operations' team to strengthen field management
and store support. Dean Abraham has been appointed Senior Vice
President - Store Operations, reporting to Jane Aggers, Chief
Executive Officer. Mr. Abraham has been with the Company for 36 years,
most recently as SVP - Merchandising and, prior to that, SVP - Store
Operations. Reporting to Mr. Abraham will be the three regional vice
presidents of store operations and a newly-created position, VP -
Business Development, focused on identifying best practices that lead
to both better customer service and the reduction of expenses through
the elimination of low-value tasks.
"Our primary goals for 2006 are to fully implement our sales
growth initiatives, increase productivity and reduce expenses across
the organization. Strengthening our stores organization is an
essential part of achieving these goals and supporting our business
strategy," Aggers said.
A national search for a SVP - Merchandising has been started. In
the interim, the vice presidents responsible for the fashion, notions,
home and quilting merchandise areas of the Company will report
directly to Ms. Aggers.
Hancock Fabrics, Inc. - America's Fabric Store - is committed to
serving creative enthusiasts with a complete selection of fashion and
home decorating fabrics, sewing accessories, needlecraft supplies and
sewing machines. The Company operates 442 retail stores in 43 states
and an Internet store at www.hancockfabrics.com.