EX-99.1 3 l01299aexv99w1.txt EX-99.1 PRESS RELEASE EXHIBIT 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE CONTACT: Brian Carney Investor Relations: Executive Vice President, CFO Don Tomoff Jo-Ann Stores, Inc. Vice President,Finance 330-656-2600 Jo-Ann Stores, Inc. http://www.joann.com 330-463-6815 JO-ANN STORES ANNOUNCES 2.3% MAY SAME-STORE SALES INCREASE HUDSON, OH--June 5, 2003 - Jo-Ann Stores, Inc. (NYSE: JAS.A and JAS.B), the leading national fabric and craft retailer, reported today that May same-store sales increased 2.3% versus a 5.7% same-store sales increase last year. May net sales increased 1.0% to $108.5 million from $107.4 million for the same period last year. Year-to-date sales increased to $483.3 million from $479.8 million in the prior year. Year-to-date same-store sales increased 2.5% versus an 11.7% same-store sales increase for the same period last year. Jo-Ann Stores, Inc. (http://www.joann.com), the leading national fabric and craft retailer with locations in 48 states, operates 836 Jo-Ann Fabrics and Crafts traditional stores and 77 Jo-Ann superstores. ##