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Hobbycraft Sets September Closure Dates for Six Stores as Closing-Down Discounts Rise to 70%

Modella Capital says the cuts support a turnaround that preserves roughly 99 outlets plus 1,800 jobs.

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Overview

  • The retailer will close Wigan on September 4, Maidenhead and Chichester on September 18, Crayford on September 20, King’s Lynn on September 22, and Stafford on September 28.
  • All six locations have closing-down sales of up to 50% now, with discounts increasing to as much as 70% before each store shuts, and the timing varies by branch.
  • The move follows a strategic review launched in April and earlier closures in June, which included sites such as Bristol, Dunstable, Borehamwood and Basildon.
  • Hobbycraft operates around 110 UK stores and is shifting more investment into its online business, including exploring new formats like Hobbycraft TV.
  • Owner Modella Capital says the restructuring is intended to secure the future of at least 99 stores and protect about 1,800 roles across the business.