History
The company, founded in 1957 in Tupelo, Mississippi by Elaine and L.D. Hancock, started out as a cost-efficient retail store and offered a greater selection of merchandise to its customers at lower prices. In 1985, they acquired Minnesota Fabrics based in Charlotte, North Carolina which operated over one hundred stores under the names Minnesota Fabrics and Fabric Warehouse. By 1992, the company was one of seven major retail piece-goods chains operating 482 stores in the United States.
On March 21, 2007, Hancock Fabrics announced it would file for Chapter 11 bankruptcy. The company closed 104 stores and emerged from bankruptcy in August 2008.
Read more about this topic: Hancock Fabrics
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