Since I don’t actually get a paper copy of The Globe & Mail, I have to rely on Google Alerts to tell me that Jo-Ann’s stock (the company doesn’t even have outlets in Canada) is a dog this week:
Yesterday’s close: $22.50 U.S., down $2.40 over week It’s hard to know what would be worse – spending a day in jail, or being forced to wander through the aisles of yarn, fabric and knitting supplies at Jo-Ann Stores. Actually, we’ll take jail. Shares of the largest U.S. fabric and crafts retailer got a knitting needle in the eye after the company posted a second-quarter loss of $18.4-million, hurt by markdowns to clear out discontinued items.
Sure, if “jail” is the Nicole Richie version. If wandering through Michael’s is the equivalent (without as much fabric and sewing stuff), I’d rather spend an equivalent time in a lock-up (damn dried flowers and other whatsits gathering dust make me sneeze). Although, on the whole, I’d rather wander through Toronto’s textile district.