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Hobbycraft is closing 9 stores and cutting 126 jobs amid restructuring ahead of a potential sale, despite a 6.3% sales rise in 2026.
Hobbycraft, a UK arts and crafts retailer, is closing nine stores and cutting 126 jobs as part of a restructuring ahead of a potential sale.
The moves follow a May 2025 Company Voluntary Arrangement to save £10 million annually by exiting leases, aiming to protect 97 stores and 1,800 jobs.
The company’s owner, Modella Capital, is hiring advisers to assess potential buyers.
Despite financial challenges, Hobbycraft reported a 6.3% sales increase in 2026, citing strong online and in-store performance.
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Hobbycraft está cerrando 9 tiendas y recortando 126 empleos en medio de una reestructuración antes de una posible venta, a pesar de un aumento de ventas del 6,3% en 2026.