Hobbycraft is the UK’s leading specialist retailer of art and craft products. It offers a range of more than 20,000 products catering for 250 different crafts and hobbies, and has turned its 100-plus superstores into crafting destinations with classes and demonstrations to engage with customers and emphasise its specialist credentials. Retail Week provides news, analysis, features and opinion about Hobbycraft and specialist retailers.
Hobbycraft has announced that it will be closing more stores this month and in September.
WHSmith has announced the completion of the sale of its UK high street arm to new owner Modella Capital under amended sale terms.
Pepco is inching closer to agreeing a sale of discount chain Poundland, with a deal expected to be announced as soon as this week.
The new owner of WHSmith’s high street stores cannot initiate widespread closures for at least 12 months, despite planning rapid restructuring at its other retail properties.
Hobbycraft’s owner Modella Capital is planning to close at least nine stores with around 100 jobs slashed in a bid to restructure the business.
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