BALDWYN, Miss., Dec 12, 2008 (BUSINESS WIRE) -- Hancock Fabrics, Inc. (OTC symbol: HKFI) today reported net sales for the third quarter increased 1.3% to $70.6 million from $69.7 million last year, with same-store sales increasing 2.1%. Sales for the year-to-date period increased 0.7% to $198.2 million for the nine months ended November 1, 2008 from $196.9 million for the corresponding period of the prior year. Same-store sales increased 2.8% for the year-to-date period.

The 2.1% increase in same-store sales for the quarter was primarily the result of an increase in the number of store transactions. For the year-to-date period, the 2.8% increase in same store sales was primarily due to increases in average transactions and increases in the number of customer transactions.

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