| 1.              | I have      reviewed this quarterly report on Form 10-Q for the quarter ended October      28, 2006 of Hancock Fabrics, Inc.;                                                                                                                                                                                                                            |
|----------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                 |                                                                                                                                                                                                                                                                                                                                                     |   |
| 2.         | Based on my      knowledge, this report does not contain any untrue statement of a material      fact or omit to state a material fact necessary to make the statements      made, in light of the circumstances under which such statements were      made, not misleading with respect to the period covered by this      report;                 |
|                 |                                                                                                                                                                                                                                                                                                                                                     |   |
| 3.    | Based on my      knowledge, the financial statements, and other financial information      included in this report, fairly present in all material respects the      financial condition, results of operations and cash flows of the      registrant as of, and for, the periods presented in this      report;                                    |
|                 |                                                                                                                                                                                                                                                                                                                                                     |   |
| 4.              | Our other      certifying officer and I are responsible for establishing and maintaining      disclosure controls and procedures (as defined in Exchange Act Rules      13a-15(e) and 15d-15(e)) and internal control over financial      reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for      the registrant and we have: |
|                 |                                                                                                                                                                                                                                                                                                                                                     |   |
|                 | a)                                                                                                                                                                                                                                                                                                                                                  | designed such      disclosure controls and procedures, or caused such disclosure controls and      procedures to be designed under our supervision, to ensure      that material information relating to us, including our consolidated      subsidiaries, is made known to us by others within those entities,      particularly during the period in which this report is being      prepared; |
|                 |                                                                                                                                                                                                                                                                                                                                                     |   |
|                 | b)                                                                                                                                                                                                                                                                                                                                                  | designed such      internal control over financial reporting, or caused such internal control      over financial reporting to be designed under our supervision,      to provide reasonable assurance regarding the reliability of      financial reporting and the preparation of financial statements for      external reporting purposes in accordance with generally accepted      accounting principles; |
|                 |                                                                                                                                                                                                                                                                                                                                                     |   |
|                 | c)                                                                                                                                                                                                                                                                                                                                                  | evaluated the      effectiveness of our disclosure controls and procedures and presented in      this report our conclusions about the effectiveness of the      disclosure controls and procedures, as of the end of the period      covered by this report based on such evaluation; and |
|                 |                                                                                                                                                                                                                                                                                                                                                     |   |
|                 | d)                                                                                                                                                                                                                                                                                                                                             | disclosed in      this report any change in the our internal control over financial      reporting that occurred during our most recent fiscal quarter that has      materially affected, or is reasonably likely to affect, our internal      control over financial reporting; and |
|                 |                                                                                                                                                                                                                                                                                                                                                     |   |
|  5.   | Our other      certifying officer and I have disclosed, based on our most recent      evaluation of internal control over financial reporting, to our auditors      and the audit committee of our board ofdirectors:                                                                                                                               |
|                 |                                                                                                                                                                                                                                                                                                                                                     |   |
|                 | a)                                                                                                                                                                                                                                                                                                                                        | all      significant deficiencies and material weaknesses in the design or      operation of internal control over financial reporting which are      reasonably likely to adversely affect our ability to record, process,      summarize and report financial information; and |
|                 |                                                                                                                                                                                                                                                                                                                                                     |   |
|                 | b)                                                                                                                                                                                                                                                                                                                                             | any fraud,      whether or not material, that involves management or other employees who      have a significant role in our internal control over financial      reporting. |

|   |  /s/      Jane F. Aggers                   |
|--------|-------------------------------------------------|
|   |  Jane F.      Aggers                       |
|   |  President and      Chief ExecutiveOfficer |