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Thread: What's up with Hancock's??

  1. #26
    Super Member mimisharon's Avatar
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    I was in our Hancock store Saturday and asked my friends there about the closings, I got the same story.......the ones that are closing have closed and the ones that are in the bankruptcy restructure are in better shape and there's little to no chance of the rest of them closing.

    I talked with the assistant manager there, she and I have worked together before, at school. So I trust her word. I would have to travel at least 45 minutes to an hour to be able to buy affordable fabric if they closed. I am much relieved!

    Quilt shops buy the same fabrics that many of the major outlets buy, but because they have to buy in smaller amounts I guess it costs them more so their prices are so high that us poor people just can't afford to buy from them. But it would be wonderful to have a quilting coop or something where it was no long distance travel or waiting days for shipments.......SLAP! Ok, I'm awake, I'm awake the dream is gone. Back to work. :shock:

  2. #27
    Super Member vicki reno's Avatar
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    Well, I was relieved just to know that WM here will keep the fabric dept at least for now. The super WalMart hasn't officially closed theirs, but are just not reordering fabric. Not enough to say grace over! If they go, I'll have to dig into my stash :cry: We can't have that :!: Thats what I take out of th closet and pet and put back in the closet--can't bear to cut it :!:

  3. #28
    Super Member isnthatodd's Avatar
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    I love hearing that other people treat their fabric as a cherished toy to be lovingly played with and then put up. I even have duplicates of some pieces and can't even think about cutting one of them. I keep promishing myself I will not buy any more until I use some of what I have, but then I never seem to have just the right color or print or whatever, so have to go see what I can find! :lol:

  4. #29
    Super Member vicki reno's Avatar
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    I too am glad that someone besides me does that :-)

  5. #30

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    Hi there,
    Our large Hancocks store, Lawton, OK, closed June 17, 2007. I sure will miss it, they had everything a seamstress or quilter could want. I got in on lots of their markdowns, and bought trim at 75 to 80% off. The last day or two they sold fabric at $1.00 a yard, and people were buying it by the bolt. I was out of town then.
    The store at Wichita Falls, TX is much smaller but is still open. We have two super Wal Mart stores and they are still stocking fabric.
    There are not many quilting shops available, with the higher quality and very beautiful fabrics. But those specialty shops are usually very expensive.
    That's my 2 cents, guess we shall see what happens next.
    Blessings and happy quilting
    Louise

  6. #31
    Junior Member N.J.linda's Avatar
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    I live in N.J. and all of the Rag shop stores are closing, totally going out of business, aarrrrrgggghhhh ;-( and the walmarts are so limited. I have a Fabric land 15 minutes away but my favorite shop Quilting possibilities is over 75 minutes away from me.

  7. #32
    Senior Member patsyo56721's Avatar
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    Sure hope they are not closing. I am 17 miles from any quilt shop and also from a Hancock store.

  8. #33
    Senior Member
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    Louise,
    My MIL bought a ton of fabric when their Hancock's closed. Her basement is stuffed with bolts of fabric. My FIL hopefully will never see her credit card bill or we will be saying RIP hahaha. But what made my husband very nervous was she kept stating that she was willing me all her fabric if something happened to her. I honestly believe he prays every night for her good health. Needless to say, she has won the most fabric contest in the family.

  9. #34
    Super Member Knot Sew's Avatar
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    Does anyone have a close contact with anyone who has a quilt store. I would really like to know how much the markup really is. I know they have to make a profit but I can't afford to bankroll a get rich quick scheme. If joanns and walmart close here, I will have to quit. I have enough for about 10 quilts.


  10. #35
    ready2quilt's Avatar
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    Ruth,

    The markups, as with most any retail merchandise, is subject to corporate decision makers. The bolts are bought for "X" amount and the markup that follows will be based on quantity ordered, saleability of product, trends, the manufacturer, and things of this nature, all basically put into a mathematical formula that computes the markup value per product. Some margins are bigger than others.

    Generally, the smaller specialty shops have a higher markup because it cost them more to buy the bolt. Factor in all the expenses of running a shop, rent, insurance, payroll, supplies, theft, wasted merchandise, advertising, utilities, well, you get the picture, it adds up to a tidy little sum, which we as consumers feel in our pockets and can't justify.

    Hope that helps, at least some.

  11. #36
    bj
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    Super Member bj's Avatar
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    Have been reading your posts about stores closing. I've shopped online some, but it's way more fun to wander aisles of fabric and touch it to get the feel of it. I love just standing and looking around at all the colors and textures.

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