Hobbycraft sales grow for 8th consecutive year
By Sarah Wood | 13th July 2018
Arts and crafts retailer, Hobbycraft, is bucking the trend of the high street sales slump.
The company saw revenue increase 6.4 per cent to £168.5 million in the 12 months to February 2018, its eighth consecutive year of rising sales, as reported by Retail Gazette.
The rise was due to a growth of in-store sales of 2.3 per cent, and a 21.5 per cent growth in online sales, with online sales now accounting for 9.8 per cent of total revenues.
The company, which has stores in Cheltenham and Gloucester opened four new stores during the year, taking its total to 90.
Hobbycraft says it will continue to improve customer experience and to invest in its multi-channel retail experience over the coming year.
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