All Hobbycraft articles
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NewsThe Entertainer strikes toy supply deal with Modella Capital
The Entertainer is to supply toys to TGJones and Hobbycraft as part of a new partnership with retail investors Modella Capital, Retail Week can reveal.
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NewsHobbycraft announces it will shut more stores
Hobbycraft has announced that it will be closing more stores this month and in September.
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NewsWHSmith revises sale of UK high street arm
WHSmith has announced the completion of the sale of its UK high street arm to new owner Modella Capital under amended sale terms.
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NewsPoundland owner inching closer to sale of discounter
Pepco is inching closer to agreeing a sale of discount chain Poundland, with a deal expected to be announced as soon as this week.
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NewsWHSmith buyer restricted from immediate store closures
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.
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NewsHobbycraft to close stores and axe around 100 jobs
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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AnalysisWHSmith: Can its new owners make the high street business actually work?
After 233 years on the high street, news broke last week that WHSmith’s high street business has been sold to Modella Capital for £76m
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NewsWHSmith bidder Modella Capital eyes restructuring of Hobbycraft
The owner of Hobbycraft, Modella Capital, is mulling a restructuring of the arts and crafts retailer, according to reports.
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NewsRace for WHSmith high street business down to two bidders
The expectation is that a deal is being targeted for April.
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NewsThe Original Factory Shop has been bought by Hobbycraft’s owner
The Original Factory Shop has been purchased by Modella Capital, the owner of retailer Hobbycraft.
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NewsJD Outdoor boss stands down as Hobbycraft boss takes the reins
Exclusive: The longstanding boss of JD Sports’ outdoors business Lee Bagnall has stepped down from the business and Hobbycraft chief executive Dominic Jordan is set to take the hotseat, Retail Week can reveal.
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AnalysisWhat will a potential sale mean for WHSmith’s high street business?
News emerged over the weekend that WHSmith is in talks to potentially sell off its high street division and focus solely on its travel arm.
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NewsHobbycraft profits have plummeted 80% despite sales growth
Hobbycraft’s profits have plummeted despite improved sales and margin growth.
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Retail Navigator AnalysisHobbycraft (Financials)
Hobbycraft delivered its highest sales on record, rising 3.4% to £218.3m in the year ended 18 February 2024 (FY2023). Like-for-like sales climbed 1.1% although footfall remained “well below” pre-pandemic levels, with like-for-like volumes lower than the previous year.
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NewsHobbycraft has been acquired by Modella Capital
Modella Capital, which has backed chains including Paperchase, Tie Rack and Ted Baker’s UK licensing partner No Ordinary Designer Label (NODL), has acquired arts and crafts retailer Hobbycraft.
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Retail Navigator AnalysisHobbycraft (Overview)
Hobbycraft’s sale to retail investor Modella Capital for an undisclosed sum is set to drive growth. Modella Capital MD Joseph Price said it will invest in Hobbycraft’s physical footprint and enhance the returns generated from its existing sales channels, including online.
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NewsHobbycraft in advanced talks with retail investor over potential sale
One of the UK’s largest arts and crafts retailers Hobbycraft is in advanced talks with specialist investor Modella Capital over a potential sale.
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NewsExclusive: Hobbycraft is creating new jobs with ‘significant investment’ in store estate
Arts and crafts retailer Hobbycraft is making a “significant investment” into bricks and mortar with plans to open new stores.
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NewsHobbycraft launches new app for customers
Hobbycraft has launched a new mobile app for customers to access thousands of product offerings, exclusive discounts and loyalty rewards.
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NewsHobbycraft delivers ‘robust’ Christmas trading performance
Hobbycraft has posted a “robust” set of Christmas results driven by workshops, a quicker click-and-collect service and social media ‘cleanfluencer’ Mrs Hinch.