is hobby lobby closing stores in 2024

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07-02-2025

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Recent online discussions have sparked concerns about Hobby Lobby potentially closing stores in 2024. This article aims to clarify the situation by examining available information and addressing the rumors directly. While there's no official announcement from Hobby Lobby confirming widespread closures, let's explore the factors that fuel such speculation and what we do know.

The Rumors: Where Did They Start?

The initial source of the rumors is difficult to pinpoint definitively. Social media, especially, can amplify speculation quickly. It's crucial to remember that unsubstantiated claims circulating online should be treated with caution. Without official statements from Hobby Lobby, any news about store closures should be considered unreliable.

What Hobby Lobby Has Said (or Not Said):

As of October 26, 2023, Hobby Lobby has made no public announcements regarding significant store closures for 2024. Their official website and press releases offer no information confirming or denying these rumors. This lack of communication is, unfortunately, a significant contributor to the anxiety among customers and employees.

Factors that Might Contribute to Speculation:

Several broader economic factors could fuel such rumors, even in the absence of specific Hobby Lobby announcements:

• Economic Downturn: Concerns about a potential recession often lead to speculation about retail closures across various sectors. Hobby Lobby, like any retailer, is susceptible to economic pressures.
• Shifting Consumer Behavior: Changes in shopping habits, including a rise in online retail, could impact brick-and-mortar stores. While Hobby Lobby has an online presence, its primary business model relies on physical stores.
• Competition: Increased competition from other craft and home decor retailers could put pressure on profitability and potentially lead to strategic decisions about store locations.

How to Stay Informed:

The best way to stay informed about potential Hobby Lobby store closures is to:

• Check Hobby Lobby's Official Website: Regularly visit the official Hobby Lobby website for any official announcements.
• Monitor Reputable News Outlets: Reliable news sources are more likely to provide accurate information than social media posts.
• Contact Local Stores Directly: If you have concerns about a specific store's future, contacting the store directly is a good approach.

Conclusion:

As of today, there's no credible evidence to support widespread Hobby Lobby store closures in 2024. The rumors circulating online should be treated with skepticism until confirmed by official sources. While economic factors could influence future decisions, it's crucial to rely on factual information and avoid spreading unsubstantiated claims. We will update this article if new, verifiable information emerges.