8-K

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): April 8, 2008

Jo-Ann Stores, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)

Ohio	001-06695	34-0720629
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)
5555 Darrow Rd., Hudson, Ohio		44236
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

Registrant’s telephone number, including area code: (330) 656-2600

Not Applicable
______________________________________________
Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events.

On April 8, 2008, Alan Rosskamm, a Director of Jo-Ann Stores, Inc. ("Jo-Ann") and a member of one of the founding families, entered into a stock trading plan (the "Plan") under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. Under the Plan, Rosskamm Family Partners, L.P. and Caneel Bay Partners, L.P., of each of which Mr. Rosskamm is a general partner, may sell shares of Jo-Ann as part of the Rosskamm family long-term asset diversification strategy. Mr. Rosskamm will disclose the details of actual sales under the Plan through Form 4 and Form 144 filings with the Securities and Exchange Commission.

A copy of Jo-Ann’s press release announcing Mr. Rosskamm’s entry into the Plan is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1 Press Release of Jo-Ann Stores, Inc., dated April 10, 2008.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Jo-Ann Stores, Inc.
April 10, 2008	By:	/s/ James Kerr
		Name: James Kerr
		Title: Executive Vice President and Chief Financial Officer

Exhibit Index

Exhibit No.	Description
99.1	Press Release of Jo-Ann Stores, Inc., dated April 10, 2008.

EX-99.1

Exhibit 99.1

Investor Contact:	Public Relations Contact:
Brad Cohen Integrated Corporate Relations, Inc. 330/463-6865 http://www.joann.com	Lisa Greb Director, Public Relations Jo-Ann Stores, Inc. 330/463-3442

JO-ANN STORES DIRECTOR ADOPTS 10b5-1 STOCK TRADING PLAN

HUDSON, OH – April 10, 2008 – Jo-Ann Stores, Inc. (NYSE: JAS) today announced that Alan Rosskamm, a Director of Jo-Ann Stores and a member of one of the founding families, has entered into a stock trading plan under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. Under the plan, Rosskamm Family Partners, L.P. and Caneel Bay Partners, L.P., of each of which Mr. Rosskamm is a general partner, may sell shares of Jo-Ann Stores as part of the Rosskamm family long-term asset diversification strategy.

Rule 10b5-1 allows directors and corporate officials to adopt written, pre-arranged stock trading plans when they do not have material, non-public information. Using these plans, insiders can spread stock trades out over an extended period of time to reduce any market impact, while avoiding concerns about the initiation of stock transactions when in possession of material, non-public information.

The transactions under the plan will be publicly disclosed through Form 4 and Form 144 filings with the Securities and Exchange Commission.

Jo-Ann Stores, Inc. (http://www.joann.com), the leading national fabric and craft retailer with locations in 47 states, operates 196 large-format stores and 578 small-format stores.