JAS Feb Same Store Sales Rose 1.6%

Jo-Ann Stores, Inc. (NYSE: JAS) reported that February net sales increased 4.0% to $128.5 million from $123.6 million in the same period last year. February same-store sales increased 1.6% compared to a same-store sales increase of 12.0% last year. The company also said it will revise its accounting for leases.

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