EX-99.1 2 exhibit1.htm EX-99.1 EX-99.1

Exhibit 99.1

    NEWS RELEASE

    FOR IMMEDIATE RELEASE

         
Investor Contact:   Brad Cohen  
Public Relations Contact:
    ICR, LLC  
Lisa Greb
    330/463-6865  
Director, Public Relations
    http://www.joann.com  
Jo-Ann Stores, Inc.
       
330/463-3442

JO-ANN STORES ANNOUNCES FIRST QUARTER SALES RESULTS

- Same-store sales increased 1.0% in the first quarter -

HUDSON, OH – May 7, 2009 — Jo-Ann Stores, Inc. (NYSE: JAS) reported today that net sales for the first quarter ended May 2, 2009, were $460.0 million compared to $446.1 million in the prior year. Same-store sales for the first quarter increased 1.0% versus a same-store sales increase of 4.5% last year.

First Quarter Conference Call

The company will report earnings for its first quarter of fiscal 2010 on May 27, 2009. In conjunction with the earnings release, investors are invited to listen to the earnings conference call to be broadcast live over the Internet at 4:30 PM Eastern time. The earnings release will provide instructions on how to access the call.

Jo-Ann Stores, Inc. (http://www.joann.com), the leading national fabric and craft retailer with locations in 47 states, operates 220 large-format stores and 543 small-format stores.