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Hancock Fabrics records $1.02 million net loss for May 28 to July 1
By Caroline Salls
Pittsburgh, July 19 – Hancock Fabrics, Inc. reported a $1.02 million net loss for the period of May 28 to July 1 on zero revenue, according to its monthly operating report filed with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, Hancock posted a $1.58 million net loss for the period of April 30 to May 27, also on zero revenue.
The company had $6.12 million in cash and cash equivalents as of July 1, down from $7.14 million at May 27.
Based in Baldwyn, Miss., Hancock is a specialty retailer of fabric and related home sewing and decorative accessories. The company filed for bankruptcy on Feb. 2, 2016 under Chapter 11 case number 16-10296.
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