BNET Industries

Jo-Ann Stores Inc.

(JAS) is in the Retail Industry

Market Cap:$874.1M
Last Fiscal Year Sales:$1.8B
  • Public
  • US
Dow Jones Description

We are the nations largest specialty retailer of fabrics and one of the largest specialty retailers of crafts, serving customers in their pursuit of apparel and craft sewing, crafting, home decorating and other creative endeavors. Our retail stores feature a variety of competitively priced merchandise used in sewing, crafting and home decorating projects, including fabrics, notions, crafts, frames, paper crafting material, artificial floral, home accents, finished seasonal and home decor merchandise. As of August 1, 2009, we operated 758 stores in 47 states (222 large-format stores and 536 small-format stores). We consider stores that generally average more than approximately 24,000 square feet of retail space as large-format stores. Our small-format stores generally average less than approximately 24,000 square feet. The size of the store is not the only decisive factor in determining its classification as large-format or small-format. The most important distinction is whether or not stores in the range have been recently built or remodeled and contain a broad assortment of craft categories.

Chairman and Chief Executive Officer, Helzberg Diamond Shops, Inc.
Beryl Raff
Number of Employees 5,645
Contact Information

5555 Darrow Rd

Hudson, Ohio 44236

joann.com

(330) 656-2600

NAICS Code Sewing, Needlework, and Piece Goods Stores: 451130

Recent Events

  • Jo-Ann Stores stocks up on seasonal staff

    11/14/09 - Financial Announcement - View Story

  • Todays Zacks Rank Aggressive Growth Buy: Jo-Ann Stores Inc.

    11/12/09 - Financial Announcement - View Story

  • Jo-Ann Stores appoints VP, general merchandise manager

    9/09/09 - Mgmt. Change Entering - Manager - View Story

  • Jo-Ann sewing up some bigger sales: Hudson retailer reports loss of $3.2 million for quarter,...

    8/27/09 - Site Opening - View Story

  • Jo-Ann Stores Reports Financial Results for 2Q

    8/29/09 - Financial Announcement - View Story

  • Jo-Ann sews up a nice increase in Q1 web sales

    5/29/09 - Licensing / Contract - View Story

  • Jo-Ann Stores Q1 profit more than doubles

    5/27/09 - Planned Site Openings - View Story

  • Jo-Ann Stores Reports Financial Results for 1Q

    6/01/09 - Financial Announcement - View Story

News & Analysis

jo-ann stores inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Ira Gumberg President and Chief Executive Officer, J.J. Gumberg Company
Scott S. Cowen President
James Kerr Chief Financial Officer
Kevin Stack CIO
Tracey Travis Senior Vice President and Chief Financial Officer
Travis Smith Chief Operating Officer
Kenneth Haverkost Executive Vice President
Rosalind Thompson Executive Vice President, HR
David B. Goldston General Counsel, Senior Vice President & Secretary
Don Tomoff Vice President, Finance & Treasurer
Elisabeth Charles Vice President, Marketing
Linsly Hunt Vice President, Product
Mark Krebs Vice President
Susan Ray Executive Director, Product Development
Jane Aggers Executive
Gregg Searle Director

Board of Directors

Name (plus bio) Position
Beryl Raff Chairman and Chief Executive Officer, Helzberg Diamond Shops, Inc.
Darrell Webb Chairman, President and CEO
Frank A. Newman Chairman and Chief Executive Officer
Alan Rosskamm Chairman
David A. Perdue Jr. Board of Directors
Helzberg Diamond Board of Directors
Joseph M. DePinto Board of Directors
Michael Depinto Joseph Board of Directors
Patricia B. Morrison Board of Directors
Patty Morrison Board of Directors

Organization Position Status
Jo-Ann Stores, Inc. Chairman and Chief Executive Officer, Helzberg Diamond Shops, Inc. Current
Group 1 Automotive, Inc. Executive Vice President and General Merchandise Manager of Fine Jewelry Current
Group 1 Automotive, Inc. Board of Directors Current
Dallas Summer Musicals Board of Directors Current
Jo-Ann Stores, Inc. Director Current
Automotive Corporation Board of Directors Current
Helzberg Diamond Shops, Inc. Chief Executive Officer Former
J.C. Penney Company, Inc. Executive Vice President & General Merchandise Manager, Fine Jewelry Former
J.C. Penney Company, Inc. General Merchandise Manager Former
Helzberg Diamond Shops, Inc. Chairman Former

Organization Position Status
Jo-Ann Stores, Inc. Chairman, President and CEO Current
Fred Meyer Stores, Inc. President Current
FM Retail Services Inc. President Current
Fred Meyer, Inc. President Former
Jo-Ann Stores, Inc. Director Former

Organization Position Status
Fiber-Stat Chairman and Chief Executive Officer Current
Jo-Ann Stores, Inc. Chairman and Chief Executive Officer Current
Jo-Ann Stores, Inc. Board of Directors Current
Jabil Circuit, Inc. Director Current
AmSouth Bancorporation Director Current
Prematics Executive Council Member Current
Eckerd Corporation Chief Executive Officer Former
Eckerd Corporation President Former
Eckerd Corporation Chief Operating Officer Former
Eckerd Corporation Chairman Former
Eckerd Corporation Director Former

Organization Position Status
Jo-Ann Stores, Inc. President and Chief Executive Officer, J.J. Gumberg Company Current
Jo-Ann Stores, Inc. Board of Directors Current

Dr. Cowen is President and Seymour S. Goodman Professor of Management and Professor of Economics, Tulane University, a position he has held since 1998. Prior to that Dr. Cowen served as Dean and Albert J. Weatherhead, III Professor of Management, Weatherhead School of Management at Case Western Reserve University. Dr. Cowen serves as a director of Jo-Ann Stores, Inc. (specialty store retailer), Forest City Enterprises, Inc. (conglomerate corporation engaged in real estate development, sales, investment and construction) and Newell Rubbermaid Inc. (consumer home products). Dr. Cowen is also a Commissioner of the New Orleans Business Council, New Orleans Regional Chamber of Commerce, United Way of Greater New Orleans and Committee for a Better New Orleans.

Organization Position Status
Eco-Nomics, Inc. President and Seymour S Goodman Prof of Management Current
American Greetings Corporation President Current
Tulane University President Former
Tulane President Current
Rubbermaid, Inc. Committee Chair for Audit Committee Current
American Greetings Corporation Compensation& Management Development Committee Chairman Current
Tulane Board of Directors Current
Jo-Ann Stores, Inc. Director Current
American Greetings Corporation Director Current
Newell Rubbermaid Inc. Director Current
Eco-Nomics, Inc. Seymour S Goodman Memorial Professor of Business Former
Tulane University Professor of Economics Former
Weatherhead School of Management Professor of Management Former
Case Western Reserve University Associate Former
Newell Rubbermaid Inc. Member, Chairman's Executive Committee Former
Business-Higher Education Forum Board Member Former
The National Collegiate Athletic Association Board Member Former

Organization Position Status
Jo-Ann Stores, Inc. Chief Financial Officer Current
Jo-Ann Stores, Inc. Executive Vice President Current

Organization Position Status
Jo-Ann Stores, Inc. CIO Current
Jo-Ann Stores, Inc. Vice President, IT Infrastructure Former

Organization Position Status
Polo Ralph Lauren Corporation Chief Financial Officer Current
Ralph Lauren Corporation Chief Financial Officer Current
Jo-Ann Stores, Inc. Senior Vice President and Chief Financial Officer Current
African-American Chamber of Commerce, Inc. Current
Jo-Ann Stores, Inc. Chairperson Current
The Executive Leadership Council Board of Directors Current
Lincoln Center Theater Board of Directors Current
The Womens Forum Board of Directors Current
Executive Leadership Foundation Board of Directors Current
Polo Ralph Lauren Corporation Senior Vice President , Finance Former
Limited Brands, Inc. Senior Vice President, Finance Former
Ralph Lauren Corporation Chairman Former
University of Pittsburgh Bachelor of Science In Industrial Engineering Former
Columbia University Former

Our Chief Operating Officer since February 2009. Mr. Smith has been our Executive Vice President, Merchandising and Marketing from July 2006 to January 2009. For eight years prior to assuming this role, he held merchandising and marketing positions of increasing responsibility with Fred Meyer, a division of The Kroger Company. Immediately prior to joining us, Mr. Smith was Senior Vice President, General Merchandise of Fred Meyer; age 36.

Organization Position Status
Jo-Ann Stores, Inc. Chief Operating Officer Current

Organization Position Status
Jo-Ann Stores, Inc. Executive Vice President Current

Organization Position Status
Jo-Ann Stores, Inc. Executive Vice President, HR Current

Organization Position Status
Jo-Ann Stores, Inc. General Counsel, Senior Vice President & Secretary Current

Organization Position Status
Jo-Ann Stores, Inc. Vice President, Finance & Treasurer Current

Organization Position Status
Jo-Ann Stores, Inc. Vice President, Marketing Current

Organization Position Status
Jo-Ann Stores, Inc. Vice President, Product Current

Organization Position Status
Jo-Ann Stores, Inc. Vice President Current

Organization Position Status
Jo-Ann Stores, Inc. Executive Director, Product Development Current

Array

Organization Position Status
Jo-Ann Stores, Inc. Executive Current
Hancock Fabrics, Inc. Board of Directors Current
Jo-Ann Stores, Inc. Chief Marketing, Merchandising and Supply Former

Organization Position Status
Jo-Ann Stores, Inc. Chairman Current
Charming Shoppes, Inc. Chairman Current
Jo-Ann Stores, Inc. Director Current
Jo-Ann Stores, Inc. Chief Executive Officer Former
Charming Shoppes, Inc. Interim Chief Executive Officer Former
Jo-Ann Stores, Inc. President Former

Organization Position Status
Industrial Energy Applications Board of Directors Current
Alliant Energy Corporation Board of Directors Current
Jo-Ann Stores, Inc. Board of Directors Current
Wisconsin Power & Light Company Board of Directors Current
Dollar General Corporation Board of Directors Current
Dollar General Corporation Chairman & CEO Former
Pillowtex Corp Chief Executive Officer Former
Haggar Clothing Co. senior vice president Former
Sara Lee Corporation senior vice president of operations Former
Reebok International Ltd. Former
Pillowtex Corp Chairman Former
Georgia Institute of Technology Bachelor of Science in industrial engineering and Master of Science in operations research Former

Organization Position Status
Ross Environmental Services, Inc. Chief Executive Officer Current
Jo-Ann Stores, Inc. Director Current
Ross Environmental Services, Inc. President Former

Chairman and Chief Executive Officer of Helzberg Diamond Shops, Inc., a nationwide jewelry retailer and indirect wholly owned subsidiary of Berkshire Hathaway Inc., since April 2009. Previously, Ms. Raff served as Executive Vice President & General Merchandise Manager for the Fine Jewelry Division of J.C. Penney Company, Inc., a department store retailer from 2005 until April 2009, and before that Ms. Raff served as J.C. Penney's senior vice president and general merchandise manager of Fine Jewelry from 2001 to 2005. Ms. Raff is presently on the advisory board of Jewelers Circular Keystone (JCK), the world jewelry trade show organization for manufacturers and retailers of fine jewelry. She also serves on the board of Group 1 Automotive Inc.

Organization Position Status
Jo-Ann Stores, Inc. Board of Directors Current

Organization Position Status
7-Eleven, Inc. President & CEO Current
Jo-Ann Stores, Inc. Board of Directors Current
OfficeMax, Inc. Board of Directors Current
GameStop Corp. President Former

Organization Position Status
Jo-Ann Stores, Inc. Board of Directors Current

Organization Position Status
Cardinal Health, Inc. Chief Information Officer Current
Jo-Ann Stores, Inc. Board of Directors Current
SPSS Inc. Board of Directors Current
Predictive Analytics Insight Director Current
Mainstay Partners Board of Directors Current
Chicago Symphony Orchestra Board of Directors Current
Motorola, Inc. Chief Information Officer Former
Quaker Oats Company Chief Information Officer Former
Quaker Oats Company Executive Vice President Former
Motorola, Inc. Executive Vice President Former
Office Depot, Inc. executive vice president Former
Procter & Gamble Former
Miami University Bachelor of Arts Degree Former
Jo-Ann Stores, Inc. member Former

Based in Chicago, she will assist in building out the Central region. A senior IT leader who has worked in numerous verticals, Patty brings her deep IT expertise to further strengthen UST's client-centric engagement model. Ms. Morrison's experience includes serving as Executive Vice President and Chief Information Officer for Motorola, where she was responsible for all strategic, operational and financial aspects of the company's information technology architecture, systems, tools, processes, and infrastructure. She had previously served as Executive Vice President and Chief Information Officer of Office Depot, Inc.; as CIO of The Quaker Oats Company; and CIO of GE Industrial Systems. Ms. Morrison began her career at Procter & Gamble. Ms. Morrison serves on the boards of SPSS, Inc. and Jo-Ann Stores, Inc., where she chairs the board's governance committee, and on the Board of Governors for Lumity. In 2008, Morrison was elected into the CIO Hall of Fame by CIO Magazine. She attended Miami University, graduating summa cum laude with a bachelor of arts degree in mathematics and statistics and a bachelor of science degree in secondary education.

Organization Position Status
Jo-Ann Stores, Inc. Board of Directors Current
Quaker Oats Company CIO Former
Quaker Oats Company Executive Vice President Former
Miami University Former

Executive News

  • Tulane will open Madison test campus

    Fort Mills Times - 8/31/09 - View Story

  • Jo-Ann Stores Reports Financial Results for 2Q

    TradingMarkets - 8/29/09 - View Story

  • Jo-Ann sewing up some bigger sales: Hudson retailer reports loss of $3.2 million for quarter, but expects earnings will rise to $1.35 to $1.50 per share for fiscal year after exceeding forecasts

    TradingMarkets - 8/27/09 - View Story

  • Jo-Ann Stores sees second-quarter loss narrow, boosts full-year profit forecast

    Crains Cleveland Business - 8/27/09 - View Story

  • Jo-Ann sewing up some bigger sales

    Akron Beacon Journal - 8/27/09 - View Story

  • Jo-Ann Stores Beats EPS Estimates, Offers Guidance (JAS)

    TradingMarkets - 8/26/09 - View Story

  • Jo-Ann Stores Announces Financial Results for Second Quarter

    DiGiTAL50 - 8/26/09 - View Story

  • Jo-Ann Stores Announces Financial Results for Second Quarter

    Globe Investor - 8/26/09 - View Story

  • Jo-Ann Stores Announces Financial Results for Second Quarter

    Business Wire - 8/26/09 - View Story

  • Jo-Ann Stores Announces Financial Results for Second Quarter

    RBC Dain Raushcer - 8/26/09 - View Story

  • Jo-Ann Stores, Inc. Schedules Earnings Conference Call for August 26, 2009

    Business Wire - 8/12/09 - View Story

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     JAS $32.92 +0.11 (0.34% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 384,604
Shares Outstanding 26.55M
Market Cap 874.2M
Year High 33.49
Year Low 10.31
Earnings Per Share 1.40
P/E Ratio 23.51
Dividend N/A
Yield N/A
IndustryTop Rated
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