US EditionBig Crafts Brand Closing Nine Stores with Discounts on Offer
Hobbycraft will close 9 of its 115 UK stores as part of restructuring to address retail sector challenges, with closures staggered between August and September.
- Hobbycraft confirmed it will close nine of its 115 UK stores in August and September as part of a restructuring plan.
- This restructuring follows a strategic review in May and earlier closures of more than 100 stores due to rising pressures in retail.
- The shops located in Bromborough, Stratford-upon-Avon, and Southport closed during the first week of August, with additional closures scheduled for sites such as Wigan and Chichester in the near future.
- Alex Wilson, CEO of Hobbycraft, acknowledged that shutting stores was a very tough choice and emphasized that such measures are necessary to ensure the company can continue serving crafters nationwide.
- Modella Capital is dedicated to preserving more than 99 Hobbycraft locations and safeguarding around 1,800 jobs as part of its commitment to sustaining physical retail stores despite ongoing industry challenges.
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Leaning Left1Leaning Right0Center17Last UpdatedBias Distribution94% Center
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94% Center
C 94%
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