{"id":38932,"date":"2022-06-27T12:07:06","date_gmt":"2022-06-27T12:07:06","guid":{"rendered":"https:\/\/tahrir2day.com\/news\/2022\/06\/27\/hobbycraft-to-open-three-new-stores-as-profits-rise\/"},"modified":"2022-06-27T12:07:06","modified_gmt":"2022-06-27T12:07:06","slug":"hobbycraft-to-open-three-new-stores-as-profits-rise","status":"publish","type":"post","link":"https:\/\/tahrir2day.com\/news\/2022\/06\/27\/hobbycraft-to-open-three-new-stores-as-profits-rise\/","title":{"rendered":"Hobbycraft to open three new stores as profits rise"},"content":{"rendered":"<div >\n<p ><b >A handicraft retail chain plans to open three more stores after a surge in profits last year.<\/b><\/p>\n<\/div>\n<div >\n<p >New Hobbycraft locations are in Biggleswade, Bedfordshire;  Southend in Essex;  and Bromborough on Merseyside and will create 40 new retail jobs.<\/p>\n<\/div>\n<div >\n<p >Adjusted pre-tax profit for the year to February 2022 was \u00a315m, up from \u00a313.8m a year earlier.<\/p>\n<\/div>\n<div >\n<p >The company is &#8220;incredibly well positioned&#8221;, but the 2023 financial year will be &#8220;challenging&#8221;.<\/p>\n<\/div>\n<div >\n<p >Hobbycraft chief executive Dominic Jordan said that &#8220;several new initiatives&#8221; are planned, including a new website, workshop channel, more new stores and a subscription model.<\/p>\n<\/div>\n<div >\n<p >&#8220;However, we recognize that the year ahead will be very challenging, particularly given the significant inflationary pressures on our customers, and we see this impact on market demand as we enter full-year 2023,&#8221; he said.<\/p>\n<\/div>\n<div >\n<p >He added that freight costs had increased significantly.<\/p>\n<\/div>\n<div >\n<p >Established in 1995 and now with more than 100 stores across the UK, the company said total sales rose by 14.8% from \u00a3176.9m in 2021 to \u00a3203.1m in 2022.<\/p>\n<\/div>\n<div >\n<p >The business was forced to close for seven weeks in 2021 during Covid restrictions as it was not classified as an essential retailer.<\/p>\n<\/div>\n<div >\n<p >E-commerce sales have increased by 58.2% since point stores reopened in April 2021 compared to pre-pandemic levels in 2020.<\/p>\n<\/div>\n<div >\n<p >Over the year to February 2022, seven new stores and 100 new jobs were created, including openings in Leicester, Rochester in Kent and Boucher Crescent in Northern Ireland. <\/p>\n<\/div>\n<div >\n<p ><i >Find BBC News: East of England <\/i>Facebook<i >, <\/i>Instagram<i > and <\/i><a href=\"https:\/\/twitter.com\/bbclookeast\" >Twitter<\/a><i >.  If you have an email with a story suggestion <\/i>eastofenglandnews@bbc.co.uk<\/p>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><script async defer src=\"https:\/\/platform.instagram.com\/en_US\/embeds.js\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A handicraft retail chain plans to open three more stores after a surge in profits last year. New Hobbycraft locations are in Biggleswade, Bedfordshire; Southend in Essex; and Bromborough on Merseyside and will create 40 new retail jobs. Adjusted pre-tax profit for the year to February 2022 was \u00a315m, up from \u00a313.8m a year earlier. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-38932","post","type-post","status-publish","format-standard","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v18.1 (Yoast SEO v18.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hobbycraft to open three new stores as profits rise - Tahrir News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tahrir2day.com\/news\/2022\/06\/27\/hobbycraft-to-open-three-new-stores-as-profits-rise\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hobbycraft to open three new stores as profits rise\" \/>\n<meta property=\"og:description\" content=\"A handicraft retail chain plans to open three more stores after a surge in profits last year. New Hobbycraft locations are in Biggleswade, Bedfordshire; Southend in Essex; and Bromborough on Merseyside and will create 40 new retail jobs. Adjusted pre-tax profit for the year to February 2022 was \u00a315m, up from \u00a313.8m a year earlier. [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tahrir2day.com\/news\/2022\/06\/27\/hobbycraft-to-open-three-new-stores-as-profits-rise\/\" \/>\n<meta property=\"og:site_name\" content=\"Tahrir News\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-27T12:07:06+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tahrir2day.com\/news\/#website\",\"url\":\"https:\/\/tahrir2day.com\/news\/\",\"name\":\"Tahrir News\",\"description\":\"News all over the world\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tahrir2day.com\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tahrir2day.com\/news\/2022\/06\/27\/hobbycraft-to-open-three-new-stores-as-profits-rise\/#webpage\",\"url\":\"https:\/\/tahrir2day.com\/news\/2022\/06\/27\/hobbycraft-to-open-three-new-stores-as-profits-rise\/\",\"name\":\"Hobbycraft to open three new stores as profits rise - Tahrir News\",\"isPartOf\":{\"@id\":\"https:\/\/tahrir2day.com\/news\/#website\"},\"datePublished\":\"2022-06-27T12:07:06+00:00\",\"dateModified\":\"2022-06-27T12:07:06+00:00\",\"author\":{\"@id\":\"https:\/\/tahrir2day.com\/news\/#\/schema\/person\/5eb9492fbc67154812b39589e826b6e4\"},\"breadcrumb\":{\"@id\":\"https:\/\/tahrir2day.com\/news\/2022\/06\/27\/hobbycraft-to-open-three-new-stores-as-profits-rise\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tahrir2day.com\/news\/2022\/06\/27\/hobbycraft-to-open-three-new-stores-as-profits-rise\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tahrir2day.com\/news\/2022\/06\/27\/hobbycraft-to-open-three-new-stores-as-profits-rise\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tahrir2day.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business\",\"item\":\"https:\/\/tahrir2day.com\/news\/category\/business\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Hobbycraft to open three new stores as profits rise\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/tahrir2day.com\/news\/#\/schema\/person\/5eb9492fbc67154812b39589e826b6e4\",\"name\":\"megahed\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/tahrir2day.com\/news\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0ee3294b28670178246ce92a6679bf959bc435d2fcd9cb9ab078702487c106df?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0ee3294b28670178246ce92a6679bf959bc435d2fcd9cb9ab078702487c106df?s=96&d=mm&r=g\",\"caption\":\"megahed\"},\"sameAs\":[\"https:\/\/tahrir2day.com\/news\"]}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Hobbycraft to open three new stores as profits rise - Tahrir News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tahrir2day.com\/news\/2022\/06\/27\/hobbycraft-to-open-three-new-stores-as-profits-rise\/","og_locale":"en_US","og_type":"article","og_title":"Hobbycraft to open three new stores as profits rise","og_description":"A handicraft retail chain plans to open three more stores after a surge in profits last year. New Hobbycraft locations are in Biggleswade, Bedfordshire; Southend in Essex; and Bromborough on Merseyside and will create 40 new retail jobs. Adjusted pre-tax profit for the year to February 2022 was \u00a315m, up from \u00a313.8m a year earlier. [&hellip;]","og_url":"https:\/\/tahrir2day.com\/news\/2022\/06\/27\/hobbycraft-to-open-three-new-stores-as-profits-rise\/","og_site_name":"Tahrir News","article_published_time":"2022-06-27T12:07:06+00:00","twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/tahrir2day.com\/news\/#website","url":"https:\/\/tahrir2day.com\/news\/","name":"Tahrir News","description":"News all over the world","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tahrir2day.com\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/tahrir2day.com\/news\/2022\/06\/27\/hobbycraft-to-open-three-new-stores-as-profits-rise\/#webpage","url":"https:\/\/tahrir2day.com\/news\/2022\/06\/27\/hobbycraft-to-open-three-new-stores-as-profits-rise\/","name":"Hobbycraft to open three new stores as profits rise - Tahrir News","isPartOf":{"@id":"https:\/\/tahrir2day.com\/news\/#website"},"datePublished":"2022-06-27T12:07:06+00:00","dateModified":"2022-06-27T12:07:06+00:00","author":{"@id":"https:\/\/tahrir2day.com\/news\/#\/schema\/person\/5eb9492fbc67154812b39589e826b6e4"},"breadcrumb":{"@id":"https:\/\/tahrir2day.com\/news\/2022\/06\/27\/hobbycraft-to-open-three-new-stores-as-profits-rise\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tahrir2day.com\/news\/2022\/06\/27\/hobbycraft-to-open-three-new-stores-as-profits-rise\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/tahrir2day.com\/news\/2022\/06\/27\/hobbycraft-to-open-three-new-stores-as-profits-rise\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tahrir2day.com\/news\/"},{"@type":"ListItem","position":2,"name":"Business","item":"https:\/\/tahrir2day.com\/news\/category\/business\/"},{"@type":"ListItem","position":3,"name":"Hobbycraft to open three new stores as profits rise"}]},{"@type":"Person","@id":"https:\/\/tahrir2day.com\/news\/#\/schema\/person\/5eb9492fbc67154812b39589e826b6e4","name":"megahed","image":{"@type":"ImageObject","@id":"https:\/\/tahrir2day.com\/news\/#personlogo","inLanguage":"en-US","url":"https:\/\/secure.gravatar.com\/avatar\/0ee3294b28670178246ce92a6679bf959bc435d2fcd9cb9ab078702487c106df?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0ee3294b28670178246ce92a6679bf959bc435d2fcd9cb9ab078702487c106df?s=96&d=mm&r=g","caption":"megahed"},"sameAs":["https:\/\/tahrir2day.com\/news"]}]}},"_links":{"self":[{"href":"https:\/\/tahrir2day.com\/news\/wp-json\/wp\/v2\/posts\/38932","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tahrir2day.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tahrir2day.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tahrir2day.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tahrir2day.com\/news\/wp-json\/wp\/v2\/comments?post=38932"}],"version-history":[{"count":0,"href":"https:\/\/tahrir2day.com\/news\/wp-json\/wp\/v2\/posts\/38932\/revisions"}],"wp:attachment":[{"href":"https:\/\/tahrir2day.com\/news\/wp-json\/wp\/v2\/media?parent=38932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tahrir2day.com\/news\/wp-json\/wp\/v2\/categories?post=38932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tahrir2day.com\/news\/wp-json\/wp\/v2\/tags?post=38932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}