Hobbycraft to axe stores and jobs in radical restructuring
- Hobbycraft confirmed it will close nine stores, resulting in about 100 job losses amid restructuring plans by Modella Group.
- Modella Group is considering shutting down nearly a quarter of Hobbycraft locations by July.
- Despite the closures, 97 out of 124 Hobbycraft locations will remain open, keeping 1,800 jobs intact.
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Store closures update: Hobbycraft to shut down multiple stores this year
Hobbycraft is the latest high street staple that is set to close multiple stores as businesses continue to struggle navigating the post-Covid economy.Earlier this week, the arts and crafts chain confirmed that nine of its locations are earmarked for closure in a move that will see around 100 jobs cut.The retailer is owned by Modella Group, the parent company that took over WH Smith, which is also experiencing drastic changes to its business It i…
·London, United Kingdom
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List of Hobbycraft stores set to close as chain announces up to 126 job losses
Coverage Details
Total News Sources60
Leaning Left6Leaning Right4Center26Last UpdatedBias Distribution72% Center
Bias Distribution
- 72% of the sources are Center
72% Center
L 17%
C 72%
11%
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