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): November 15, 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 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
                 November 15, 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:    November 17, 2005




                                       3

<PAGE>


                                INDEX TO EXHIBITS


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

    99.1        Press release issued by Hancock Fabrics, Inc., dated
                November 15, 2005






                                       4
<PAGE>

                                                                   Exhibit 99.1

Hancock Fabrics, Inc.                                     FOR IMMEDIATE RELEASE
Corporate Headquarters
One Fashion Way                                           November 15, 2005
Baldwyn, MS 38824


Released by:  Bruce D. Smith
              (662) 365-6112


                             HANCOCK FABRICS REPORTS
                           THIRD QUARTER 2005 RESULTS
                                       AND
                        SUSPENSION OF QUARTERLY DIVIDEND

Hancock Fabrics,  Inc. (NYSE symbol: HKF), today announced the unaudited results
of its third fiscal quarter of 2005.

Sales in the 13 weeks ended October 29, 2005  decreased  5.5% to $103.9  million
from $109.9 million in the same quarter of 2004. The Company reported a net loss
of $2.5 million,  or $.14 per diluted share,  compared with net earnings of $1.0
million,  or $.05 per  diluted  share,  in the  third  quarter  a year  ago.  In
addition,  the  Company  announced  that its Board of  Directors  has  suspended
indefinitely its quarterly dividend.

In commenting on the results, Jane Aggers, Chief Executive Officer, stated, "The
selling environment is still very challenging,  as evidenced by our 6.3% decline
in comparable store sales during the third quarter. Our home decorating business
and the fleece fabrics  category  provided the most negative  results.  Although
promotional  activities  increased in the market, our gross margin rate remained
flat, before the effect of LIFO," Aggers said.

"Throughout the third quarter, we implemented three major initiatives  involving
merchandising,  marketing  and store  presentation.  Although  results have been
mixed,  we believe we have taken the necessary  steps to improve our  connection
with our customers. We will continue to monitor the results of these initiatives
for the remainder of the fall selling season and determine which  strategies are
appropriate for the future," Aggers continued.


<PAGE>


Hancock Fabrics, Inc.                                         Page 2
Press Release                                                 November 15, 2005


"For the balance of the year, we will focus on debt reduction. At the end of the
third  quarter,  our debt was at $62  million  under  our  $110  million  credit
facility.  From an operational  standpoint,  we will reduce  operating costs and
manage  our  year-end  inventory  levels.  We have begun the  expense  reduction
process  and will  continue  to refine  and  right-size  our  operating  expense
structure."

"We expect to complete  sale/leasebacks of two more store properties in November
and have a letter of intent to sell our former distribution center and corporate
offices in Tupelo, MS. Assuming no delays in the scheduled  process,  we believe
that the sale of the Tupelo  property will be finalized prior to fiscal year end
and, when combined with the store  sale/leasebacks,  will yield approximately $7
million.  One more store property  remains,  to sell and leaseback,  which could
raise  another $2 million in early 2006.  In  addition,  the  suspension  of the
dividend will add approximately $4.5 million to Hancock's annualized cash flow."

"In looking  forward to 2006,  we will focus our efforts  primarily on improving
productivity in all areas of the Company.  As one result, we will not be opening
new stores, except in relocation circumstances," Aggers concluded.

The Company also noted that the  determination  of insurance  deductible  levels
related to  Hurricanes  Katrina  and Rita is  ongoing  between  Hancock  and its
insurer.  Based on available  facts, a loss of  approximately  $230,000 has been
recorded in the third quarter for the expected insurance deductible.

Hancock Fabrics,  Inc. is a specialty retailer of fabric and related home sewing
and decorating accessories.  The Company operates 446 retail fabric stores in 43
states   and    operates   an   internet    store   under   the   domain   name,
www.hancockfabrics.com.

Comments in this news release that are not historical facts are  forward-looking
statements that involve risks and uncertainties which could cause actual results
to differ  materially from projections.  These risks and uncertainties  include,
but are not limited to, general economic  trends,  changes in consumer demand or
purchase  patterns,  delays or interruptions in the flow of merchandise  between
the  Company's  suppliers  and/or  its  distribution  center and its  stores,  a
disruption  in the  Company's  data  processing  services,  costs and  delays in
acquiring or developing new store sites,  and other  contingencies  discussed in
the Company's Securities and Exchange Commission filings.  Hancock undertakes no
obligation to release revisions to these  forward-looking  statements to reflect
events or  circumstances  after the date hereof or to reflect the  occurrence of
unforeseen  events,  except  as  required  to be  reported  under  the rules and
regulations of the Securities and Exchange Commission.

<PAGE>

Hancock Fabrics, Inc.                                          Page 3
Press Release                                                  November 15, 2005



Hancock Fabrics, Inc.                                        Page 3
Press Release                                                November 15, 2005

                    COMPARATIVE FINANCIAL SUMMARY (unaudited)
                 (000's omitted, except for per share amounts)
<TABLE>
<S>                               <C>                      <C>                     <C>                      <C>
                                        13 Weeks                 13 Weeks                 39 Weeks                39 Weeks
                                    October 29, 2005         October 31, 2004         October 29, 2005        October 31, 2004
                                  ----------------------   ----------------------  ----------------------   ----------------------

Sales                             $           103,869      $           109,914     $            284,953     $           304,770

Cost of Goods Sold
  After LIFO Effect                            54,532                   57,290                  148,344                 156,197
                                  ----------------------   ----------------------  ----------------------   ----------------------

  Gross Profit                                 49,337                   52,624                  136,609                 148,573

Expenses:
  Selling, G&A                                 50,085                   48,846                  145,531                 143,931
  Dep'n/Amort                                   2,209                    1,923                    6,634                   5,435
                                  ----------------------   ----------------------  ----------------------   ----------------------
                                               52,294                   50,769                  152,165                 149,366
                                  ----------------------   ----------------------  ----------------------   ----------------------

Operating Income (Loss)                        (2,957)                   1,855                  (15,556)                   (793)

Interest Expense, net                             975                      321                    2,007                     601
                                  ----------------------   ----------------------  ----------------------   ----------------------

Earnings (Loss) Before
  Income Taxes                                 (3,932)                   1,534                  (17,563)                 (1,394)


Income Taxes                                   (1,427)                     557                   (6,375)                   (505)
                                  ----------------------   ----------------------  ----------------------   ----------------------

Net Earnings (Loss)               $            (2,505)     $               977     $            (11,188)    $              (889)
                                  ======================   ======================  ======================   ======================

Earnings (Loss) Per Share*

    Basic                         $             (0.14)     $              0.05     $              (0.61)    $             (0.05)
                                  ======================   ======================  ======================   ======================

    Diluted                       $             (0.14)     $              0.05     $              (0.61)    $             (0.05)
                                  ======================   ======================  ======================   ======================


Average Shares
  Outstanding (000's)

    Basic                                      18,516                   18,246                   18,429                  18,149

    Diluted                                    18,516                   18,624                   18,429                  18,149

LIFO Charge (Credit)
  Included in
  Cost of Goods Sold              $             1,100      $               750     $              3,700     $               550
</TABLE>


*    Per share amounts are based on the average shares  outstanding  during each
     quarter and may not add to the year-to-date amount.

<PAGE>

Hancock Fabrics, Inc.                                          Page 4
Press Release                                                  November 15, 2005


                           CONSOLIDATED BALANCE SHEET
                                 (in thousands)
<TABLE>
<S>                                                        <C>                         <C>
                                                                 October 29,                October 31,
                                                                     2005                        2004
                                                           -----------------------     -----------------------
ASSETS:
Current assets:
    Cash and cash equivalents                              $              3,996          $              4,616
    Inventories                                                         178,549                       163,874
    Income taxes refundable                                               6,239                         2,339
    Other current assets                                                  4,051                         4,230
                                                           -----------------------     -----------------------

       Total current assets                                             192,835                       175,059

Property and equipment, at depreciated cost                              68,307                        70,998
Pension payment in excess of required contribution                       12,798                        14,261
Other assets                                                             12,489                        11,940
                                                           -----------------------     -----------------------

                                                           $            286,429          $            272,258
                                                           =======================     =======================


LIABILITIES AND SHAREHOLDERS' EQUITY:
Current liabilities:
    Accounts payable                                       $             49,856          $             45,416
    Accrued liabilities                                                  19,876                        19,124
    Income taxes                                                          4,666                         4,579
                                                           -----------------------     -----------------------

       Total current liabilities                                         74,398                        69,119

Long-term debt obligations                                               61,977                        44,000
Lease financing obligation                                                1,733                             0
Postretirement benefits other than pensions                              22,934                        22,655
Other noncurrent liabilities                                             10,415                         9,152
Shareholders' equity                                                    114,972                       127,332
                                                           -----------------------     -----------------------

                                                           $            286,429          $            272,258
                                                           =======================     =======================
</TABLE>


Released at 4:00 P. M.
Baldwyn, MS
[{"type": "8-K", "sequence": "1", "filename": "hancock8k111605.txt", "secsgml_size_bytes": 16316}]
{"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": "051212981"}, "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): November 15, 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 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
                 November 15, 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:    November 17, 2005

                                       3
INDEX TO EXHIBITS

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

    99.1        Press release issued by Hancock Fabrics, Inc., dated
                November 15, 2005

                                       4
Exhibit 99.1

Hancock Fabrics, Inc.                                     FOR IMMEDIATE RELEASE
Corporate Headquarters
One Fashion Way                                           November 15, 2005
Baldwyn, MS 38824

Released by:  Bruce D. Smith
              (662) 365-6112

                             HANCOCK FABRICS REPORTS
                           THIRD QUARTER 2005 RESULTS
                                       AND
                        SUSPENSION OF QUARTERLY DIVIDEND

Hancock Fabrics,  Inc. (NYSE symbol: HKF), today announced the unaudited results
of its third fiscal quarter of 2005.

Sales in the 13 weeks ended October 29, 2005  decreased  5.5% to $103.9  million
from $109.9 million in the same quarter of 2004. The Company reported a net loss
of $2.5 million,  or $.14 per diluted share,  compared with net earnings of $1.0
million,  or $.05 per  diluted  share,  in the  third  quarter  a year  ago.  In
addition,  the  Company  announced  that its Board of  Directors  has  suspended
indefinitely its quarterly dividend.

In commenting on the results, Jane Aggers, Chief Executive Officer, stated, "The
selling environment is still very challenging,  as evidenced by our 6.3% decline
in comparable store sales during the third quarter. Our home decorating business
and the fleece fabrics  category  provided the most negative  results.  Although
promotional  activities  increased in the market, our gross margin rate remained
flat, before the effect of LIFO," Aggers said.

"Throughout the third quarter, we implemented three major initiatives  involving
merchandising,  marketing  and store  presentation.  Although  results have been
mixed,  we believe we have taken the necessary  steps to improve our  connection
with our customers. We will continue to monitor the results of these initiatives
for the remainder of the fall selling season and determine which  strategies are
appropriate for the future," Aggers continued.
Hancock Fabrics, Inc.                                         Page 2
Press Release                                                 November 15, 2005

"For the balance of the year, we will focus on debt reduction. At the end of the
third  quarter,  our debt was at $62  million  under  our  $110  million  credit
facility.  From an operational  standpoint,  we will reduce  operating costs and
manage  our  year-end  inventory  levels.  We have begun the  expense  reduction
process  and will  continue  to refine  and  right-size  our  operating  expense
structure."

"We expect to complete  sale/leasebacks of two more store properties in November
and have a letter of intent to sell our former distribution center and corporate
offices in Tupelo, MS. Assuming no delays in the scheduled  process,  we believe
that the sale of the Tupelo  property will be finalized prior to fiscal year end
and, when combined with the store  sale/leasebacks,  will yield approximately $7
million.  One more store property  remains,  to sell and leaseback,  which could
raise  another $2 million in early 2006.  In  addition,  the  suspension  of the
dividend will add approximately $4.5 million to Hancock's annualized cash flow."

"In looking  forward to 2006,  we will focus our efforts  primarily on improving
productivity in all areas of the Company.  As one result, we will not be opening
new stores, except in relocation circumstances," Aggers concluded.

The Company also noted that the  determination  of insurance  deductible  levels
related to  Hurricanes  Katrina  and Rita is  ongoing  between  Hancock  and its
insurer.  Based on available  facts, a loss of  approximately  $230,000 has been
recorded in the third quarter for the expected insurance deductible.

Hancock Fabrics,  Inc. is a specialty retailer of fabric and related home sewing
and decorating accessories.  The Company operates 446 retail fabric stores in 43
states   and    operates   an   internet    store   under   the   domain   name,
www.hancockfabrics.com.

Comments in this news release that are not historical facts are  forward-looking
statements that involve risks and uncertainties which could cause actual results
to differ  materially from projections.  These risks and uncertainties  include,
but are not limited to, general economic  trends,  changes in consumer demand or
purchase  patterns,  delays or interruptions in the flow of merchandise  between
the  Company's  suppliers  and/or  its  distribution  center and its  stores,  a
disruption  in the  Company's  data  processing  services,  costs and  delays in
acquiring or developing new store sites,  and other  contingencies  discussed in
the Company's Securities and Exchange Commission filings.  Hancock undertakes no
obligation to release revisions to these  forward-looking  statements to reflect
events or  circumstances  after the date hereof or to reflect the  occurrence of
unforeseen  events,  except  as  required  to be  reported  under  the rules and
regulations of the Securities and Exchange Commission.
Hancock Fabrics, Inc.                                          Page 3
Press Release                                                  November 15, 2005

Hancock Fabrics, Inc.                                        Page 3
Press Release                                                November 15, 2005

                    COMPARATIVE FINANCIAL SUMMARY (unaudited)
                 (000's omitted, except for per share amounts)
13 Weeks                 13 Weeks                 39 Weeks                39 Weeks
                                    October 29, 2005         October 31, 2004         October 29, 2005        October 31, 2004
                                  ----------------------   ----------------------  ----------------------   ----------------------

Sales                             $           103,869      $           109,914     $            284,953     $           304,770

Cost of Goods Sold
  After LIFO Effect                            54,532                   57,290                  148,344                 156,197
                                  ----------------------   ----------------------  ----------------------   ----------------------

  Gross Profit                                 49,337                   52,624                  136,609                 148,573

Expenses:
  Selling, G&A                                 50,085                   48,846                  145,531                 143,931
  Dep'n/Amort                                   2,209                    1,923                    6,634                   5,435
                                  ----------------------   ----------------------  ----------------------   ----------------------
                                               52,294                   50,769                  152,165                 149,366
                                  ----------------------   ----------------------  ----------------------   ----------------------

Operating Income (Loss)                        (2,957)                   1,855                  (15,556)                   (793)

Interest Expense, net                             975                      321                    2,007                     601
                                  ----------------------   ----------------------  ----------------------   ----------------------

Earnings (Loss) Before
  Income Taxes                                 (3,932)                   1,534                  (17,563)                 (1,394)

Income Taxes                                   (1,427)                     557                   (6,375)                   (505)
                                  ----------------------   ----------------------  ----------------------   ----------------------

Net Earnings (Loss)               $            (2,505)     $               977     $            (11,188)    $              (889)
                                  ======================   ======================  ======================   ======================

Earnings (Loss) Per Share*

    Basic                         $             (0.14)     $              0.05     $              (0.61)    $             (0.05)
                                  ======================   ======================  ======================   ======================

    Diluted                       $             (0.14)     $              0.05     $              (0.61)    $             (0.05)
                                  ======================   ======================  ======================   ======================

Average Shares
  Outstanding (000's)

    Basic                                      18,516                   18,246                   18,429                  18,149

    Diluted                                    18,516                   18,624                   18,429                  18,149

LIFO Charge (Credit)
  Included in
  Cost of Goods Sold              $             1,100      $               750     $              3,700     $               550
*    Per share amounts are based on the average shares  outstanding  during each
     quarter and may not add to the year-to-date amount.
Hancock Fabrics, Inc.                                          Page 4
Press Release                                                  November 15, 2005

                           CONSOLIDATED BALANCE SHEET
                                 (in thousands)
October 29,                October 31,
                                                                     2005                        2004
                                                           -----------------------     -----------------------
ASSETS:
Current assets:
    Cash and cash equivalents                              $              3,996          $              4,616
    Inventories                                                         178,549                       163,874
    Income taxes refundable                                               6,239                         2,339
    Other current assets                                                  4,051                         4,230
                                                           -----------------------     -----------------------

       Total current assets                                             192,835                       175,059

Property and equipment, at depreciated cost                              68,307                        70,998
Pension payment in excess of required contribution                       12,798                        14,261
Other assets                                                             12,489                        11,940
                                                           -----------------------     -----------------------

                                                           $            286,429          $            272,258
                                                           =======================     =======================

LIABILITIES AND SHAREHOLDERS' EQUITY:
Current liabilities:
    Accounts payable                                       $             49,856          $             45,416
    Accrued liabilities                                                  19,876                        19,124
    Income taxes                                                          4,666                         4,579
                                                           -----------------------     -----------------------

       Total current liabilities                                         74,398                        69,119

Long-term debt obligations                                               61,977                        44,000
Lease financing obligation                                                1,733                             0
Postretirement benefits other than pensions                              22,934                        22,655
Other noncurrent liabilities                                             10,415                         9,152
Shareholders' equity                                                    114,972                       127,332
                                                           -----------------------     -----------------------

                                                           $            286,429          $            272,258
                                                           =======================     =======================
Released at 4:00 P. M.
Baldwyn, MS