US EditionBeloved Craft Chain to Shut 9 Stores as Closing Sales Spark Rush - Full Locations
- Hobbycraft announced it will close nine stores with closing down sales offering up to 70% off, effective June 21 across several locations.
- The closures follow a challenging retail environment marked by increased costs from the Treasury’s employer NIC hike and expected continued store shutdowns.
- These changes come amid broader sector difficulties where 13,000 shops closed in 2024 and the Centre for Retail Research forecasts over 17,000 closures this year.
- Professor Bamfield said: "The results for 2024 show...worse set to come in 2025" and predicts up to 202,000 retail jobs could be lost this year.
- Hobbycraft’s nine closing stores will affect between 72 and 126 jobs but the restructuring aims to protect around 99 other stores and 1,800 jobs.
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Full list of nine Hobbycraft stores shutting in DAYS
HOBBYCRAFT will shut nine stores in days with huge closing down sales launched. Sites across Bristol, Dunstable, Borehamwood and Basildon are all set to close on June 21, The Sun can reveal. GettyHobbycraft is closing a number of stores in the coming weeks[/caption] A further two sites in Essex and one in Gloucestershire are also set to close, with a site in Kent closing earlier this year. The impacted stores are part of at least nine Hobbycraft…
·United Kingdom
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Lancaster Post+8 Reposted by 8 other sources
Beloved craft chain to shut 9 stores as closing sales spark rush - full locations
Bargain hunters are flocking to stores for huge discounts 🎨
·Lancaster, United Kingdom
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Leaning Left0Leaning Right1Center10Last UpdatedBias Distribution91% Center
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