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Jo-ann Stores, Inc.




  Company Logo
  Company Type Public ()
  Foundation 1943 ( Cleveland, Ohio )
  Location Hudson, Ohio
  Key People Darrell Webb, Chairman of the Board, President and CEO http://phxcorporate-irnet/phoenixzhtmlc=74290&p=irol-govboard
  Industry Crafts and Fabrics
  Homepage wwwjoanncom


Jo-Ann Stores Inc. () is a specialty Retailer of crafts and fabrics based in Hudson, Ohio , United States . It operates the retail chains '''Jo-Ann Fabrics''' and '''Jo-Ann Etc'''. The headquarters of the company is located in the former General Motors Terex plant.


HISTORY


Beginnings

Jo-Ann Fabrics was founded in 1943 when Hilda and Berthold Reich, and their friends, Sigmund and Mathilda Rohrbach opened an imported cheese store in Cleveland, Ohio . Eventually they removed the cheese and added fabrics and opened the first Cleveland Fabric Shop. Expansion in the 1960s let to the company's new name Jo-Ann Fabrics.


Fabri-Centers of America Inc.

In 1969 , Jo-Ann Fabrics became a publicly held corporation trading on the American Stock Exchange under the name of Fabri-Centers of America Inc. Through the 1970s Jo-Ann Fabrics opened stores in shopping malls, by the 1980s the company left most malls and added crafts and floral. In 1994 , the company made its first acquisition of '''Cloth World''', a 342-store southern-based company. At the time of the acquisition, Fabri-Centers operated 655 stores.


Jo-Ann Stores Inc.

In 1998 , the acquired House of Fabrics, a rocky mountain-based company which also operated under the names of '''Fabricland''' and '''Fabric King'''. At that time Fabri-Centers renamed the company '''Jo-Ann Stores Inc.''' and converted all House of Fabrics, Fabricland, Fabric King, and Cloth World to simply Jo-Ann Fabrics. Today Jo-Ann Fabrics operates as a leading national specialty retailer of crafting, decorating, and sewing products superstores.


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