Hobbycraft is preparing to close three more stores this weekend, offering discounts of up to 70% off. The arts and crafts retailer will be shutting down its Crayford store on Saturday, followed by its King’s Lynn branch on Monday and its Stafford store on the following Sunday. These closures are part of Hobbycraft’s ongoing business restructure, with a total of 15 stores already closed, including locations in Chichester and Maidenhead.
The company, owned by Modella Capital, stated that these closures are essential to safeguard the future of 99 stores and 1,800 jobs. Hobbycraft’s CEO, Alex Wilson, expressed confidence in the changes, emphasizing a focus on online business expansion and innovative customer outreach strategies like Hobbycraft TV. Wilson highlighted the commitment to nurturing creativity nationwide and ensuring sustained accessibility to hobbyists and crafters.
In related news, beauty chain Bodycare recently entered administration, leading to the closure of 62 stores. Despite these challenges, Bodycare retains around 85 operational shops. Poundland, which was acquired by Gordon Brothers for £1, announced plans to close 68 stores, although 11 closures have been delayed. Poundland aims to reduce its store count to 650-700 from the original 800 branches as part of its restructuring efforts.