Wednesday, May 30, 2007

UPDATE 1-Jo-Ann Stores' quarterly loss narrows

(Reuters) - The company said its first-quarter net loss narrowed to
$1.7 million, or 7 cents a share, from $6.6 million, or 28
cents a share, a year earlier.




Net sales slipped 0.1 percent to a lower-than-expected
$424.2 million. But sales at stores open at least a year, a key
retail measure known as same-store sales, rose 1.8 percent for
the quarter, versus a year-ago decline of 3.9 percent.


Read more at Reuters.com Market News

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