Jo-Ann Stores Fourth Quarter Sales up 2.0%

Jo-Ann Stores, Inc. JAS reported today that net sales for the fourth quarter ended January 29, 2011, increased 3.6% to $624.1 million compared to $602.2 million for the same period last year. Same-store sales increased 2.0% versus a same-store sales increase of 4.4% for the fourth quarter last year. Customer transactions increased 1.1% and average ticket increased 0.9%. Severe winter weather negatively impacted same-store sales by approximately 0.8%.