Jo-Ann Stores, Inc. (JAS)

Displacement (89.21) Submitted: 9/25/2009 7:47:05 PM : Start Price: $26.28 JAS Score: +23.39

I like their chances at renegotiating leases and trimming costs - their July earnings report showed a much smaller loss than usual and I think that's why we've seen such a run since then. I don't see any reason why they can't sustain, or even improve, that trend.

mitymo (35.32) Submitted: 4/11/2008 11:12:41 PM : Start Price: $16.46 JAS Score: +118.48

arts and crafts are vogue

badgstev (55.47) Submitted: 4/3/2008 4:48:52 PM : Start Price: $16.10 JAS Score: +126.29

This company has been making good improvements in it's stores, and with Walmart getting out of the fabric and notions business, along with the financial problems encountered by Hancock, it should be making some really strong gains.

stockexploded (< 20) Submitted: 3/16/2008 12:21:59 AM : Start Price: $12.56 JAS Score: +177.38

Fabric , this is the place to get it in the USA. Where else are you going to make Mack? Your wife, mom , daughter and your gay uncle shop here.

zazapicola (< 20) Submitted: 12/28/2007 6:11:27 PM : Start Price: $12.90 JAS Score: +183.40

The new store looks great.

BuyingRetail (56.12) Submitted: 10/9/2007 11:58:32 PM : Start Price: $21.63 JAS Score: +81.82

I fear that sales will drop off considerably if they are unable to raise capital to redo stores. They have not aged well and will soon reach a point that they actually repel customers.

nborgen (82.34) Submitted: 10/9/2007 3:56:10 PM : Start Price: $24.19 JAS Score: +56.83

JAS is underrated, but a recovery will take time

NetscribeRetail (90.74) Submitted: 4/26/2007 2:28:13 AM : Start Price: $30.55 JAS Score: +32.53

Jo-Ann stores, is a specialty retailer of crafts and fabrics, serving customers in their pursuit of apparel and craft sewing. Operating in a fragmented market with many fabric dealers, Jo-Ann is enjoying the tag of being the largest specialty retailer in the sector.

The company’s recent performance is little off the mark with its declined sales, but managed to get good gross margins. Its margins improved due to less promotional pricing strategy, better sell-through on seasonal goods, and reduced sales of clearance inventory. As against previous quarter company managed to keep fresh inventories in its stores and hopes for positive same store sales in the coming future. It is planning to open five 35,000-square-foot stores and one of the 25,000 store, to keep up with increasing number of footfalls. It is also under taking renovation project for 25 of its stores, since company’s sales are affected by season and changing fashion trends, a new look store should definitely give some push to its sales.

In the previous quarter company had announced its partnership with American greetings Corporation, which has an annual sales turnover of 41.8 billion. The company has already installed 29 stores of American greetings, and this store work will be done by April end. The effect of these new stores open can be seen in the second half of the year and will surely have a positive impact on the same store sales of the company. The company’s stock price hit its highest in march 2007 after the company declared its profit as compared to loss in its previous period. The stock has gained 15% year-to-date in 2007. Considering these on going improvements investors will see the stock perform in future.

rczerwonka (87.37) Submitted: 4/6/2007 4:56:40 PM : Start Price: $28.10 JAS Score: +39.52

One large competitor is going belly-up, leaving more market share for JAS!!!!!

stocker123 (< 20) Submitted: 3/14/2007 9:41:12 PM : Start Price: $25.97 JAS Score: +45.73

New management with a great ideal of what it takes to turn a company around.

38b (< 20) Submitted: 1/14/2007 6:54:37 PM : Start Price: $25.82 JAS Score: +48.88

sewing, arts and crafts are on the turn -around.

hanksfan (43.74) Submitted: 11/17/2006 11:08:18 AM : Start Price: $18.07 JAS Score: +102.67

Will gain in one year