January 16, 2017 8:00 AM ET

Specialty Retail

Company Overview of Hobby Lobby Stores, Inc.

Company Overview

Hobby Lobby Stores, Inc. owns and operates a chain of arts and craft stores in the United States. The company provides products under various categories that include home décors and frames, crafts and hobbies, scrapbook and paper crafts, fabric and sewing products, yarn and needle art products, beads and jewelry, baking and party supplies, floral and wedding supplies, wearable arts, seasonal and novelty products, and gift cards. It also sells products online. Hobby Lobby Stores, Inc. was founded in 1972 and is based in Oklahoma City, Oklahoma.

7707 SW 44th Street

Oklahoma City, OK 73179

United States

Founded in 1972





Key Executives for Hobby Lobby Stores, Inc.

Founder and Chief Executive Officer
Chief Strategy Officer
Age: 55
Compensation as of Fiscal Year 2016.

Hobby Lobby Stores, Inc. Key Developments

Hobby Lobby Stores, Inc Plans to Open First LI Store

Hobby Lobby will open a store in Commack, its first on Long Island. The retailer leased the 43,000-square-foot store in King Kullen Plaza on Veterans Memorial Highway that had been occupied by Sports Authority, which closed this year as part of the company’s bankruptcy. Currently leased by a Christmas pop-up store, Hobby Lobby will begin extensive remodeling after the holidays and aims to open the Commack store in August 2017. The company is seeking to expand here and is eyeing other potential locations. The company is expected to hire about 35–50 people to staff the Commack store, paying $15.35 per hour for full-time and $10.23 per hour for part-time workers.

Hobby Lobby to Open Store in Iowa

Hobby Lobby announced that the company has signed a lease with Phillips Edison & Co. for a 55,000-square-foot store at Quincy Plaza in Ottumwa, Iowa. The crafting and home decor chain's store will be in a portion of a former Kmart building. The store will open this fall.

Hobby Lobby to Open Fresno Store on August 8, 2016

Hobby Lobby has set an opening date. The Fresno store will open on Aug. 8. The store is almost finished with construction on Blackstone Avenue between Herndon and Sierra avenues on the site of the former Fashion Furniture Outlet Showroom. Expect lots of giveaways and promotions on opening day. The company hasn't released specifics yet, but the store typically opens at 9 a.m.

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