Thomas Wells | Buy at photos.djournal.com
Hancock Fabrics has started closing its remaining 185 stores. Great American Group bought the rest of the Hancock stores at a bankruptcy auction Tuesday. The company expects the going-out-of-business sales to last several weeks.
By Dennis Seid
Daily Journal
BALDWYN Even though Doyce Deas no longer has any financial stake in Hancock Fabrics, she is disappointed, even a bit angry that the company her father founded is liquidating.
Its so sad, she said. There are 4,500 jobs that will be lost. Ironically, it was dad who sold the company in order to save jobs. and now look whats happened.
Her father, L.D. Hancock, founded what was Hancock Textile Co. in 1957. He sold the company in 197…
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