Rag Shops Inc.

News & Analysis

rag shops inc. - All News and Analysis

• Rag Shops Announces Sale of Control Block of Common Stock, Entering into of an Acquisition Agreement and Restatement of Financial Statements

  - 2004-09-13

  HAWTHORNE, N.J. -- Rag Shops, Inc. (NASDAQ:RAGS), a specialty retailer of crafts and fabrics, today announced that: --An affiliate of Sun Capital Partners, Inc. Sun Capital Partners has entered into a Stock Purchase Agreement with certain senior executive officers and other stockholders of Rag Shops Stock Purchase Agreement pursuant...

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• Rag Shops Reports Sales and Results of Operations for Third Quarter and Nine Months of Fiscal 2004

  - 2004-07-13

  HAWTHORNE, N.J. -- Rag Shops, Inc. (NASDAQ:RAGS), a specialty retailer of crafts and fabrics, reports sales of $27.2 million and $93.3 million for the third quarter and nine months ended May 29, 2004, respectively, as compared to $27.9 million and $91.9 million for the comparable prior year periods. Net...

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• Rag Shops considers alternative strategy.(Retail briefs)(Brief Article)

  - 2004-03-01

  Rag Shops has retained the investment banking firm of SunTrust Robinson Humphrey to provide financial advice and consider whether a sale, merger or some other corporate transaction can boost shareholder value. "There is no assurance that any transaction will result from...

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• Hawthorne, N.J.-Based Rag Shops Seeks Buyer for Fabric, Crafts Chain.

  - 2004-02-26

  By Joan Verdon, The Record, Hackensack, N.J. Knight Ridder/Tribune Business News Feb. 26--Rag Shops Inc., the Hawthorne-based chain of 68 fabric and crafts stores, put Wall Street on notice Wednesday that it is in the market for a buyer, merger partner, or...

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• Rag Shops Inc.(Daniel Anderton promoted)

  - 2003-10-01

  DANIEL ANDERTON was promoted to Senior Vice President and CFO of Rag Shops Inc., Hawthorne, N.J., a craft and sewing retail supplier.

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• Rag Shops Reports Sales and Earnings for Three Months Ended November 30, 2002

  - 2003-01-10

  Business Editors HAWTHORNE, N.J.--BUSINESS WIRE--Jan. 10, 2003 Rag Shops, Inc. (NASDAQ:RAGS), a specialty retailer of crafts and fabrics, reports sales of $33.4 million for the first quarter ended November 30, 2002, an increase of 2.5% compared to $32.6 million reported for the comparable quarter ended December 1, 2001....

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• Rag Shops Reports Sales and Results of Operations for Fiscal Year and Fourth Quarter

  - 2002-11-25

  Business Editors HAWTHORNE, N.J.--BUSINESS WIRE--Nov. 25, 2002 Rag Shops, Inc. (NASDAQ:RAGS), a specialty retailer of crafts and fabrics, reports sales of $23.7 million and $110.7 million for the fourth quarter and fiscal year ended August 31, 2002, respectively, as compared to $21.4 million and $100.9 million for the...

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• Retailer Rag Shops Raises Profit to $90,000.

  - 2002-07-10

  Asbury Park Press, N.J. Knight Ridder/Tribune Business News Jul. 10--Rag Shops Inc. increased its profit to $90,000, or 2 cents per share, in the third quarter, ended June 1, compared to $46,000, or 1 cent per share, for the same period last year. ...

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• Rag Shops Reports Sales and Earnings for Third Quarter and Nine Months of Fiscal 2002

  - 2002-07-02

  Business Editors Rag Shops, Inc. (NASDAQ:RAGS), a specialty retailer of crafts and fabrics, reports sales of $25.5 million and $87.0 million for the third quarter and nine months ended June 1, 2002, respectively, as compared to $23.7 million and $79.5 million for the comparable prior year periods. Sales...

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• Rag Shops Inc. Will Double Size of Ocean Township, N.J., Store.

  - 2002-05-21

  By William Conroy, Asbury Park Press, N.J. Knight Ridder/Tribune Business News May 21--Keeping with its strategy of opening larger stores, Rag Shops Inc. will nearly double the size of its Ocean Township store when it moves from the Middlebrook Shopping Plaza on...

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