Hobbycraft closing nine High Street Story with Weeks – with 18 More ‘at Risk’

Hobbycraft is set to launch a store-up in cut cuts with bosses saying it comes as the retail sector is “under a great deal of prolonged period and this restructurying is necessary a healthy future” for the chain

Nearly A Quarter of Arts and Crafts Chain Hobbycraft’s Stories Could Close Under Plass to Slash Costs. Owner Modella Capital – Which Recently Announched the Takeover of Wh Smith’s High Street Arm – Said Nine Stoles Wold by Mid -July, with BetWene 72 and 126 Job Losses.

The Branches Set to Shut Are: Bagshot, Basildon, Borehamwood, Bristol Imperial, Canterbury, Cirencester, Dunstable, Epping Forest and Lakeside Say ANOTHER 18 Will Only Remain IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF IF.

Hobbycraft insisted that the Wider Shake-Up, Through a Company Voluntary Arrangement (CVA), Wow Safeguard at Least A Further 99 Stores and More than 1,800 Jobs.

The restructuring Will Also Result in A Number of Management Role Being Made Redundant, Along With Jobs in Its Bournemouth Head Office and A Distribution Center in Burton on Trent.

Alex Willson, Hobbycraft Chief Executive, Said: “Hobbtcraft is the UK’S Leading Arts and Crafts Retailer, with a Strong Presence Across the Country and Online, Fantastic Colleagues and Loyal and Engaged Customers. For MANY, OUR Storys Are More More Supplies, they have Become places for Gaining crafting ideas and inspiration.

“Very sadly, the strengh of our offering has not made the US immune from the challenges faced by the rector in recent years. CLOING STORES IS ALWAYS A LAST AND THIS HAS BEEN AN EXTREMELY DIFFICULT DECISION. Our doors open to crafters up and down the Country. ”

IT COMES AS MODEL IS POEDHED TO LAUNCH AN Overhaul of the Original Factory Shop, the Discount Chain It Just Two Months Ago. Acciting to Sky News, As Many as BetWeen 30 and 40 Outlets Could Close, Resulting in Hundreds More Layoffs.

The cull will Raise Questions About Possible CLUSES Among the 480 wh Smith Storys – with 5,000 workers – that models is buying and rebranding tg Jones. Sources Said it was too too to know where the new owners would keep all High Street Shops.

The Wider Wh Smith Group is Keeping Its Name and Will Continue to Run Smith’s Shops at Airports, Stations and Hospital