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Updated: 12/1/2009 4:01 PM					Sponsored by:
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Jo-Ann Stores 1Q same-store sales rise 1 percent

By Associated Press
May 7, 2009 | Comments (0)

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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 rather than from newly opened ones.

Total sales for the quarter ended May 2 rose 3 percent to $460 million from $446.1 million.

Shares of Jo-Ann Stores rose 14 cents to $19.97 in morning trading.

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