- Jo-Ann Stores
Infobox_Company
company_name = Jo-Ann Stores Inc.
company_
company_type = Public (NYSE|JAS)
foundation =1943 (Cleveland, Ohio )
location =Hudson, Ohio
key_people = Darrell Webb, Chairman of the Board, President and CEO [ [http://phx.corporate-ir.net/phoenix.zhtml?c=74290&p=irol-govboard Jo-Ann Stores - Corporate Governance - Board of Directors ] ]
industry = Crafts and Fabrics
homepage = [http://www.joann.com/ www.joann.com]Jo-Ann Stores Inc. (nyse|JAS) is a specialty retailer of crafts and fabrics based in
Hudson, Ohio ,United States . It operates the retail chains Jo-Ann Fabrics and Jo-Ann Etc. The headquarters of the company is located in the formerGeneral Motors Terex plant.History
Beginnings
Jo-Ann Fabrics was founded in
1943 when Hilda and Berthold Reich, and their friends, Sigmund and Mathilda Rohrbach opened an imported cheese store inCleveland, Ohio . Eventually they removed the cheese and added fabrics and opened the first Cleveland Fabric Shop. Expansion in the 1960s led to the company's new name Jo-Ann Fabrics.Fabri-Centers of America Inc.
In
1969 , Jo-Ann Fabrics became a publicly held corporation trading on the American Stock Exchange under the name of Fabri-Centers of America Inc. Through the 1970s Jo-Ann Fabrics opened stores in shopping malls, by the 1980s the company left most malls and added crafts and floral. In1994 , the company made its first acquisition of Cloth World, a 342-store southern-based company. At the time of the acquisition, Fabri-Centers operated 655 stores.Jo-Ann Stores Inc.
In
1998 , they acquired House of Fabrics, a rocky mountain-based company which also operated under the names of Fabricland and Fabric King. At that time Fabri-Centers renamed the company Jo-Ann Stores Inc. and converted all House of Fabrics, Fabricland, Fabric King, and Cloth World to simply Jo-Ann Fabrics. Today Jo-Ann Fabrics operates as a leading national specialty retailer of crafting, decorating, and sewing products superstores.References
External links
* [http://www.joann.com/about_joann/about_joann_stores.jhtml Jo-Ann Stores, Inc., Investor Relations- Corporate Profile]
* [http://www.joann.com Jo-Ann Home Page]
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