I’m not sure what I would do without my local Hobby Lobby. It’s where I go to get all my crafting supplies, and it’s also where I go to get equipment to learn a new skill. Yes, it is more than just a craft store – it’s a one-stop shop for all your pastime needs!
But what if it closes down? Where will I go then? There are other craft stores out there, but none of them quite compare to the awesomeness that is Hobby Lobby. Plus, who knows if any of those other stores will have the same deals? If they go out of business, then I’m in big trouble.
So, Is Hobby Lobby Going Out of Business? Let’s find out!
- What Is Hobby Lobby?
- Is Hobby Lobby Going Out Of Business?
- What Happened To Hobby Lobby During The Pandemic?
- Top Tips For Shopping At Hobby Lobby
- Hobby Lobby Isn’t Going Anywhere!
- Is Hobby Lobby Going Out of Business? – Final Thoughts
What Is Hobby Lobby?
It is a craft store chain that was founded 50 years ago. It is based in Oklahoma City, and it has over 800 stores across the United States. The company sells a variety of craft supplies, as well as products for hobbies such as scrapbooking, home decorating, and jewelry making.
The History Of Hobby Lobby
Hobby Lobby was founded in 1972 by David and Barbara Green. The couple had a passion for arts and crafts, and they were motivated to start their own business after becoming frustrated with the lack of selection and soaring prices at other craft stores. They opened their first store in Oklahoma City, and the company has grown ever since.
Throughout the years, Hobby Lobby has been known for its generous discounts and sales. The store offers a variety of sales and coupons, which makes it a popular destination for crafters and hobbyists. In recent years, the store has also been expanding its selection to include more home decor items and products for kids.
Is Hobby Lobby Going Out Of Business?
The answer to this question is a resounding no, Hobby Lobby is not going out of business! And there are no plans to close any of the stores. In fact, the company is doing quite well financially. So why are people asking if Hobby Lobby is closing? There are a few rumors floating around that may have started this speculation.
First, it is true that some stores have closed down. However, these closures are not permanent, and the stores will eventually reopen. The reason for the closures is typically due to remodeling or relocation.
They’re just rumors…
With the pandemic in 2020, some Hobby Lobby stores were forced to close temporarily. However, the company has since reopened all of its locations. Many of the staff were furloughed during the closures, but they have since been brought back.
There was a rumor going around that all stores would be closing down permanently, but this is not true. The rumor started after a fake news website published an article claiming that Hobby Lobby was going out of business. The article was quickly debunked, and Hobby Lobby has confirmed that it is not going out of business.
What about the employees?
Another rumor that may have contributed to the speculation is the fact that Hobby Lobby recently laid off a number of employees. This is not unusual for companies to do, and it does not mean that the company is in financial trouble. In fact, the company is still doing well financially, and it has no plans to close any stores.
What Happened To Hobby Lobby During The Pandemic?
The company faced quite a lot of backlash for not taking the pandemic seriously in the beginning. People were outraged that the chain was still open while other businesses were forced to close.
Hobby Lobby did eventually close all of its stores, but many people felt that it was too little too late. The company has since reopened all of its locations, and it has made a number of changes to ensure the safety of its employees and customers.
Stuck at home with nothing to do!
Despite the controversy, Hobby Lobby is still doing well financially. In fact, the company’s sales increased by 9% in 2020. This is likely due to the fact that many people were stuck at home and looking for ways to occupy their time. Craft projects are a fantastic way to do this, and Hobby Lobby is the perfect place to find everything you need.
Is Hobby Lobby Doing Well Financially?
Yes, Hobby Lobby is doing quite well financially. As of 2021, the company is worth an estimated $5 billion. This is a significant increase from the company’s worth in 2020, which was $4.5 billion. The company’s sales have also been increasing in recent years.
Did Hobby Lobby Raise its Employees’ Wages?
In 2023, Hobby Lobby announced that it would be raising its employees’ wages. This was in response to the increased cost of living, and it was a way to show appreciation for the hard work of its employees. The minimum wage is now $18.50 per hour.
What Other Craft Stores Are There?
If you’re looking for an alternative to the chain store, there are a few other craft stores that you can check out. Michael’s is a popular option, and it offers a variety of items for crafters and hobbyists. Jo-Ann Fabrics is another excellent choice, and it also has a wide selection of products.
Top Tips For Shopping At Hobby Lobby
- Check the weekly ad before you go shopping. This way, you’ll know what’s on sale, and you can plan your purchases accordingly.
- Use a coupon whenever possible. You can find these coupons online or in the weekly ad.
- Shop during the sales. Hobby Lobby has a number of sales throughout the year, and you can save a lot of money by shopping during these times.
- Join the Hobby Lobby rewards program. This is a wonderful way to get discounts and earn points toward future purchases.
- Don’t forget to ask for a price match. If you find an item cheaper at another store, Hobby Lobby will match the price.
Hobby Lobby Isn’t Going Anywhere!
So why not get creative and apply today with our in-depth guide to the Hobby Lobby Application, and to find out about the working hours, check out How Much Does Hobby Lobby Pay, as well as What Time Does Hobby lobby Close Open, along with everything you need to know about Hobby Lobby Sewing Classes, as you might end up running them in the future!
Another great art and crafts store is Michaels, but let’s start with How Old Do You Have to Be To Work At Michaels, in case you’re still studying, followed by our guide to the Michaels Application and the most common Michaels Interview Questions for 2023.
Furthermore, we have guides to similar store applications such as the Jo-Ann Fabrics Application Online and the A.C. Moore Arts and Crafts Application; or why not take a look at our fun guide to the Build A Bear Application? I know I’d love to work there!
Is Hobby Lobby Going Out of Business? – Final Thoughts
No, Hobby Lobby is not going out of business. The company is doing well financially, and it has no plans to close any stores.
The craft store chain did face some criticism during the pandemic, but it has since made changes to ensure the safety of its employees and customers. If you’re looking for a craft store, Hobby Lobby is a great option. Just be sure to take advantage of the sales and coupons to get the best deals.
So, go get creative at your local Hobby Lobby Store!