Hobbycraft
This coverage examines Hobbycraftโs evolving strategy within the UK retail sector. Reporting includes its expansion plans, such as the opening of seven new stores in 2025, and the introduction of dedicated digital crafting spaces and haberdashery areas in new locations. The content also addresses the company’s financial performance, noting an 80% drop in profits for the year ending February 2024 despite revenue growth. Additionally, the analysis covers the impact of Modella Capital’s acquisition in August 2024 and subsequent restructuring efforts, including the planned closure of nine stores in 2025. This information is curated for retail professionals assessing market opportunities, operational challenges, and strategic shifts in the arts and crafts retail sector.
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Jul- 2019 -12 JulyHigh Street
Hobbycraft revenues exceed ยฃ100m in full year results
Arts and crafts retailer Hobbycraft has reported a 5.4% increase in total revenue to ยฃ177.7m for the year ending 17 February 2019. The increase was driven by โstrongโ e-commerce growth of 22.7% during the period, and adjusted EBITDA also increased by 27.8% from ยฃ9.5m to ยฃ12.2m. Five new stores also…
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Jul- 2018 -13 JulyHigh Street
Hobbycraft reports eighth consecutive year of sales growth
Arts and crafts retailer Hobbycraft has reported its eighth consecutive year of sales growth, driven by multi-channel platform expansion. The groupโs full year results ending 18 February 2018 saw total revenue increase by 6.4% to ยฃ168.5m, and like-for-like store increase by 2.3%. E-commerce retailing also grew by 21.5% and now…
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May- 2018 -22 MayPeople Moves
Tony Hoggett appointed Tesco COO
Former Tesco Asia boss Tony Hoggett has been appointed to the newly created position of chief operations officer (COO) of Tesco UK. Alison Horner, former chief people officer, will take over as CEO for Asia. According to the group Horner has a long history of operational experience and leadership within…
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Apr- 2018 -13 AprilHigh Street
Hobbycraft appoints Tesco CEO as chairman
Arts and crafts retailer Hobbycraft has has appointed Tesco UK CEO Matt Davies as its new chairman. Davies is currently CEO of Tescoโs UK and Irish business, but will step down at the end of April following its merger with Booker. He succeeds Archie Norman, who is leaving after over…
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