Particle.news

Download on the App Store

Hobbycraft Confirms Nine More Store Closures in Latest Restructuring Phase

The arts and crafts retailer says the latest shutdowns and rent renegotiations aim to secure a core network of 99 outlets and around 1,800 jobs

Image
Image
Image
Image

Overview

  • Three stores in Bromborough, Stratford-upon-Avon and Southport closed between August 4 and 7, with six additional branches in Wigan, Maidenhead, Chichester, Stafford, King’s Lynn and Crayford slated to shut in early September.
  • Affected locations have launched closing-down sales offering discounts of up to 20% as managers clear remaining stock.
  • This wave of nine closures follows an earlier June–July round under Hobbycraft’s company voluntary arrangement when nine loss-making outlets were cut.
  • Owner Modella Capital says the restructuring will protect at least 99 stores nationwide and preserve roughly 1,800 jobs, though up to 126 roles may still be impacted in this phase.
  • Hobbycraft executives are negotiating new rent terms for other sites and keeping additional locations under review, leaving further changes possible.