HANCOCK FABRICS FOLDS, PREPARES TO SHUT DOWN ALL STORES Following yesterday’s sale of the company’s assets in bankruptcy court, Hancock Fabrics announced going-out-of-business promotions at all 8 locations in and around Houston, including Conroe, Katy, Clear Lake and Baytown. The Mississippi-born fabric store, which closed some outposts and reorganized under a previous Chapter 11 filing back in 2007, is now liquidating merchandise at all remaining stores nationwide, writes Dennis Seid. The company opened in 1957; as for how long the final sales will stretch out, an associate at the Gulfton store says that employees aren’t sure —  “It could be July, it could be tomorrow.” [BizBuzz] Photo of Hancock Fabrics at 5867 Bissonnet St.: Edgar V.