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Jo-Ann Stores reports record 4th-quarter earnings

from The Plain Dealer

Fabrics and crafts retailer Jo-Ann Stores Inc. reported record fourth-quarter profits up 8.9 percent to $40.4 million for the last three months of fiscal 2011. The company said it also expects to open 55 to 60 stores and remodel another 60 stores in fiscal 2012. more

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