Wal-mart & Hancocks

[jennylafleur]

twilatee - I thought I would answer your question here so others could see and respond if they have more info...

Yes indeed Wal-Mart is in the process of phasing out their fabric sections. I heard about that last year so this will happen over the next 1-2 years. I don't know if that includes the crafting sections or just the fabric, patterns etc.

I hadn’t heard about Hancock's closing until you mentioned it however. After some research... Hancock's has been in financial difficulty for some time. Early this year they filed chapter 11 bankruptcy and more recently had the company president step down. Right now they are consolidating, re-thinking their marketing strategy and as of this week have announced they will close some 130 stores around the country. I haven't been able to find a master list of what stores are on the chopping block but be prepared - you may be loosing your Hancock's in the near future. If (which is an IF) Hancock's goes under it probably won't be for some time, given the way chapter 11s work nowadays though, if that is any consolation.