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Hobbycraft Shuts Crayford Today, With King’s Lynn and Stafford to Follow as Restructure Deepens

Modella Capital says the cuts support a plan to preserve roughly 99 stores, protecting about 1,800 jobs.

Overview

  • The Crayford branch closes on Saturday, September 20, with King’s Lynn set for Monday, September 22, and Stafford on Sunday, September 28.
  • Closing-down sales of up to 70% off are running at the affected stores to clear remaining stock.
  • Maidenhead and Chichester shut on Thursday, September 18, as part of the latest round, with at least 15 locations closed this year.
  • The owner says store exits are intended to secure a smaller core estate of about 99 sites and roughly 1,800 roles, with rent negotiations ongoing at other locations.
  • Chief executive Alex Wilson describes closures as a last resort during a restructuring process, with sector bodies warning of mounting pressures on physical retail.