All Hobbycraft articles – Page 2
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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.
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AnalysisDeep dive: The Mega Sale days turning Christmas on its head
The Christmas shopping period – historically heavily weighted towards the first three-and-a-half weeks of December following the traditional end-of-November payday – is now effectively a multi-month affair.
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NewsHobbycraft expands store estate as profits rise
Hobbycraft will open three new stores this year after reporting an uplift in profits.
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NewsHobbycraft sales slump following lockdown store closures
Hobbycraft sales and profits slumped due to coronavirus-related store closures, although trading has improved since April reopening.
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Retail Navigator AnalysisHobbycraft (SWOT)
In a market traditionally serviced by small specialist shops, Hobbycraft is the UK’s only multiple arts and crafts specialist, with national coverage and an increasingly multichannel approach.
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Retail Navigator AnalysisHobbycraft (People)
The retailer’s former retail and property director Dominic Jordan was appointed as CEO in April 2018 following the sudden departure of former incumbent John Colley.
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OpinionCatriona Marshall: ‘We bounced back with talent, knowledge and loyalty in place’
Former Hobbycraft chief executive Catriona Marshall, who now owns specialist retailer Running Bear, on how the coronavirus pandemic meant creating an online business overnight and the adoption of a new business model
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NewsHobbycraft full-year profits jump driven by online sales rise
Hobbycraft recorded an adjusted EBITDA of 21.9% from £12.2m to £14.8m in the full year to February 16.
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NewsRetail Week Awards 2020: The winners
Tesco boss Dave Lewis and Ocado chief executive Tim Steiner were among the winners of the Retail Week Awards 2020 sponsored by Salesforce.
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AnalysisCEO churn: Why are retail bosses booted out so quickly?
The turnover of retail CEOs reached its highest level since 2012 last year. Why are retail’s leaders sent packing so frequently?