A Hancock Fabrics store in Fort Collins, Colorado will close as part of the corporation’s March bankruptcy filing and reorganization. The Mississippi-based company had over 400 stores prior to its Chapter 11 bankruptcy filing. The company will close 104 stores, on top of the 30 stores it closed in February.
Hancock’s regional manager doesn’t even know how many employees work at the store. The company’s CEO said the closings were “a necessary step to reposition the company for the future.” Tell that to the employees losing their jobs; in person if you dare.
This entry was posted on Tuesday, April 3rd, 2007 at 5:21 pm and is filed under Bankruptcy News and Events. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.