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Featured Reports

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IMG Worldwide Inc.

IMG Worldwide Inc.

Pittsburgh-based General Nutrition Centers (GNC) has been synonymous with healthy living through healthful products since 1935. Its chain of retail locations extends around the globe, and its reputation...

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NFL

NFL

At the end of July, the National Football League owners, players, and fans breathed a collective sigh of relief when the NFL and NFLPA finally reached a deal that ensured labor peace for the next decade....

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U.S. Cavalry Store

U.S. Cavalry Store

When US Cavalry Store opened its first location 38 years ago, it did so with one goal: to fill a gap. Prior to the store’s opening, military members had two venues to purchase what they needed: government...

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Electrolux

Electrolux

With brand names like Electrolux, which originated in 1909, or AEG – a global brand that was established in Germany in 1887 – Electrolux Global Brand Licensing has been offering companies brands with...

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National Cattlemen's Beef Association

National Cattlemen's Beef Association

For more than 100 years, the National Cattlemen’s Beef Association (NCBA) has represented the interests of U.S. cattle breeders, producers and feeders. The organization’s goal is to create “a dynamic...

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Retail Reports

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Tedeschi Food Shops

Tedeschi Food Shops

When Peter Tedeschi stepped in as president and CEO of Tedeschi Food Shops four years ago, complete unification was his first mission. The convenience store brand – with 190 stores in Massachusetts,...

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Pep Boys

Pep Boys

Pep Boys has been in business since 1921, and it was only about two years after the first location opened that the company created its iconic logo – the caricatures of founders Manny, Moe & Jack....

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New Hampshire State Liquor Commission

New Hampshire State Liquor Commission

It takes more than good customer service for a retail business to succeed, but a retail business surely cannot succeed without it. That is one of the keys to the success of the New Hampshire State Liquor...

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Kohll’s Pharmacy & Homecare

Kohll’s Pharmacy & Homecare

The great thing about having a full line of services is that it provides companies with a diverse portfolio, giving them the ability to weather storms. When one product or service is in low demand, the...

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Family Pharmacy

Family Pharmacy

In the beginning, there was no Walmart in town. Lynn Morris and his wife, Janet Morris, established Family Pharmacy’s first store in 1977 in a shopping center in Ozark, Mo. “Back then, that was what...

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Licensing Reports

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Stardoll Media

The world of products aimed at “tweens” is an ever-changing one – what’s hot one minute will inevitably become passé in short order as new characters and brands enter the marketplace. The creators...

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Sony Pictures Entertainment

Many of the largest entertainment studios in Hollywood take an exhaustive approach to the marketing of their properties – they will create anything and everything that relates to a television show or...

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Mind Candy

Most popular children-oriented brands start their lives as traditional entertainments with fixed production cycles such as television series, films and comic books. While new characters, settings and elements...

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Global Icons

When some of the most iconic brands around the world come to you for help, you know you’re doing something special. Since Global Icons was established more than a decade ago as a premier brand-licensing...

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Empowered Media LLC – Jillian Michaels

For 20 years, Jillian Michaels has inspired countless people to lose weight and lead healthier, fulfilling lives through a combination of high-energy workout routines, easy-to-follow diet plans and motivational...

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Supplier Reports

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B-O-F Corp.

B-O-F Corp.

In any business, companies have to remained concerned about what their clients think. At B-O-F Corp., associates stay focused on this question its clients might ask themselves: “What has B-O-F done for...

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Kiva Systems Inc.

Kiva Systems Inc.

When Dansko opened a new distribution facility in Pennsylvania and needed to fill orders for shipment to 2,500 premium U.S. and international retail locations, it turned to Kiva Systems Inc. to ensure...

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EVOL Foods

EVOL Foods

There is a food revolution unfolding in North America, and EVOL Foods is leading the charge. The producer of frozen organic pizza, handheld and entrees has pushed the junk food out of grocers’ freezers...

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Chain Drug Marketing Association

Chain Drug Marketing Association

Since its establishment in 1926, the Chain Drug Marketing Association (CDMA) has helped give its members an edge in a highly competitive retail marketplace. Initially founded solely to support the marketing...

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2Checkout.com

2Checkout.com

During the height of the Internet boom in 1999, former database technology consultant Alan Homewood aspired to start his own web-based business, but struggled to develop a specific plan. After extensive...

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Special Reports

From its beginnings as an imported cheese store in Cleveland opened by Hilda and Berthold Reich and friends Sigmund and Mathilda Rohrbach, Jo-Ann Fabrics has evolved to become the go-to place for consumers looking to find great product selection and knowledgeable customer service with a clear focus on value. 

 

 

 

 

Profile
  • Headquarters: Hudson, Ohio
  • Founding year: 1943
  • Number of locations as of January 2011: 751
  • FY 2011 net sales: $2.079 billion
  • FY 2011 average net sales per store: $4.8 million

From its beginnings as an imported cheese store in Cleveland opened by Hilda and Berthold Reich and friends Sigmund and Mathilda Rohrbach, Jo-Ann Fabrics has evolved to become the go-to place for consumers looking to find great product selection and knowledgeable customer service with a clear focus on value.

For 2011, Jo-Ann Fabric and Craft Stores plans to open 60 new locations, as well as remodeling 60 stores. “As we open these new stores, we are pleased to offer our customers dynamic new product lines, enhanced in-store presentations, higher quality fabrics, and regionalized product offerings,” said Darrell Webb, chairman and CEO for Jo-Ann Stores. “Combined with the expertise of our store team members, product demonstrations, and project inspiration, these new stores will be a one-stop creative destination in their communities.”

Indeed, the mission of Jo-Ann is to spark the creativity that lives in every person. Its vision is to be the best fabric and craft retail brand for its customers, its team members, its communities, and its investors. Its values spell out I Care and include: inspiration, compassion, accountability, respect, and engagement. And it’s a mission customers are responding well to.

Net sales for Q3 fiscal 2011, which ended October 30, 2010, showed Jo-Ann’s large-format (more than 24,000 square feet) store net sales increased from $509.1 million to $535.3 million over the course of the year. In addition, during Q3, the company opened one large-format stores and nine small-format stores.

Said Webb: “We achieved another quarter of record performance, driven by balanced improvement in same-store sales, gross margin, and expense leverage. We also continue to be encouraged by the results in our new and remodeled stores, causing us to again increase our plan for both new store openings and remodel projects in fiscal 2012. As we look ahead, our strong balance sheet provides a solid foundation from which we can fund and execute the strategic initiatives that have fueled our growth and marketshare gains in recent years.”

Category: 50 Over 50

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