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): May 17, 2005


                              HANCOCK FABRICS, INC.
               (Exact Name of Registrant as Specified in Charter)


                         Commission File Number 1 - 9482

                Delaware                                         64-0740905
      (State or other jurisdiction                           (I. R. S. Employer
    of incorporation or organization)                        Identification No.)

     One Fashion Way, Baldwyn, MS                                  38824
(Address of principal executive offices)                         (Zip Code)


               Registrant's telephone number, including area code
                                 (662) 365-6000


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))

<PAGE>

Item 2.02.  Results of Operations and Financial Condition

On May 17, 2005,  Hancock  Fabrics,  Inc. issued a press release  announcing the
unaudited  results of its first  quarter of 2005. A copy of the press release is
furnished  as  Exhibit  99.1  to  this  report  and is  incorporated  herein  by
reference.

The  information  in this report,  including  the exhibit  attached  hereto,  is
furnished  pursuant  to Item 2.02 and shall not be deemed to be "filed"  for the
purposes of Section 18 of the  Securities  Exchange Act of 1934, as amended,  or
otherwise subject to the liabilities of that section.

Item 9.01.  Financial Statements, Pro Forma Financial Information and Exhibits.

      (c)     Exhibits:

        Exhibit
        Number     Description
        --------   -----------------------------------------------------

          99.1     Press release issued by Hancock Fabrics, Inc., dated
                   May 17, 2005







                                       2
<PAGE>

                                    SIGNATURE

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 thereunto duly authorized.

                                    HANCOCK FABRICS, INC.
                                    (Registrant)

                                    By:  /s/ Bruce D. Smith
                                    ---------------------------
                                    Bruce D. Smith
                                    Senior Vice President
                                    and Chief Financial Officer
                                    (Principal Financial and Accounting Officer)



Date:    May 17, 2005








                                       3
<PAGE>

                                INDEX TO EXHIBITS


   Exhibit
    Number       Description
---------------  ------------------------------------------------------

     99.1        Press release issued by Hancock Fabrics, Inc., dated
                 May 17, 2005
[{"type": "8-K", "sequence": "1", "filename": "hancock8k051905.txt", "description": "CURRENT REPORT", "secsgml_size_bytes": 3833}]
{"company-data": {"conformed-name": "HANCOCK FABRICS INC", "cik": "0000812906", "assigned-sic": "5940", "irs-number": "640740905", "state-of-incorporation": "DE", "fiscal-year-end": "0131"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-09482", "film-number": "05844818"}, "business-address": {"street1": "3406 W MAIN ST", "city": "TUPELO", "state": "MS", "zip": "38803", "phone": "6018422834"}, "mail-address": {"street1": "P O BOX 2400", "city": "TUPELO", "state": "MS", "zip": "38803-2400"}}
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): May 17, 2005

                              HANCOCK FABRICS, INC.
               (Exact Name of Registrant as Specified in Charter)

                         Commission File Number 1 - 9482

                Delaware                                         64-0740905
      (State or other jurisdiction                           (I. R. S. Employer
    of incorporation or organization)                        Identification No.)

     One Fashion Way, Baldwyn, MS                                  38824
(Address of principal executive offices)                         (Zip Code)

               Registrant's telephone number, including area code
                                 (662) 365-6000

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 2.02.  Results of Operations and Financial Condition

On May 17, 2005,  Hancock  Fabrics,  Inc. issued a press release  announcing the
unaudited  results of its first  quarter of 2005. A copy of the press release is
furnished  as  Exhibit  99.1  to  this  report  and is  incorporated  herein  by
reference.

The  information  in this report,  including  the exhibit  attached  hereto,  is
furnished  pursuant  to Item 2.02 and shall not be deemed to be "filed"  for the
purposes of Section 18 of the  Securities  Exchange Act of 1934, as amended,  or
otherwise subject to the liabilities of that section.

Item 9.01.  Financial Statements, Pro Forma Financial Information and Exhibits.

      (c)     Exhibits:

        Exhibit
        Number     Description
        --------   -----------------------------------------------------

          99.1     Press release issued by Hancock Fabrics, Inc., dated
                   May 17, 2005

                                       2
SIGNATURE

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 thereunto duly authorized.

                                    HANCOCK FABRICS, INC.
                                    (Registrant)

                                    By:  /s/ Bruce D. Smith
                                    ---------------------------
                                    Bruce D. Smith
                                    Senior Vice President
                                    and Chief Financial Officer
                                    (Principal Financial and Accounting Officer)

Date:    May 17, 2005

                                       3
INDEX TO EXHIBITS

   Exhibit
    Number       Description
---------------  ------------------------------------------------------

     99.1        Press release issued by Hancock Fabrics, Inc., dated
                 May 17, 2005