Some 18 branches have already closed or are set to shut this year (Picture: PA)
A popular arts and crafts retail chain has revealed the closing dates of six more of its branches as its restructuring process continues.
Hobbycraft has already shut more than 18 stores across the UK this year,with more expected.
Not all of the exact closure dates have been revealed yet,but now six shops are set to start shutting down from next week.
It’s not all bad news,though. Some of the closing locations,including Wigan and Stafford,are offering stock for up to 50% off.
Hobbycraft’s CEO Alex Wilson said: ‘While it’s always tough to say goodbye to some of our stores – and this is always a last resort – we believe these changes will set us up for an even brighter future.
Latest store closure news
There are several well-known UK brands closing their stores in the next few weeks.Poundland is closing 11 more of its branches this week,and only a fortnight ago Claire’s announced it was falling into administration,putting all of its shops at risk.In London,Simmons Bars is closing four of its sites after appointing administrators.Morrisons has also closed 17 of its supermarkets recently,resulting in 3,600 job losses.The branch closures are part of a wider restructuring strategy which was brought in by private equity firm Modella Capital.It’s hoped these closures will help to protect the business’s other branches and around 1,800 jobs.It comes only weeks after the High Court approved River Island’s restructuring plan as it tries to save the business.The clothing brand will close 33 shops by January of next year after making a £33.2million loss in 2023.
