Jo-Ann 1Q same-store sales rise 1 percent

Craft and fabric retailer Jo-Ann Stores Inc. said Thursday its same-store sales rose 1 percent in the first quarter.

Same-store sales, or sales at stores open at least a year, are a key measure of retailer performance, because they measure growth at existing stores and exclude stores that open or close during the period.

Total sales for the quarter that ended May 2 rose 3 percent to $460 million, from $446.1 million a year earlier.