August 31, 2016 7:14 PM 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

Phone:

405-745-1721

Fax:

405-745-1854

Key Executives for Hobby Lobby Stores, Inc.

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

Hobby Lobby Stores, Inc. Key Developments

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.

Hobby Lobby Stores, Inc. Recalls Infant Pacifier Holders Due to Choking Hazard

Hobby Lobby Stores Inc. announced that the company recalled 12,900 units of Infant Pacifier holders due to choking hazard. This recall involves Little Wishes Summer Plush Pacifier Holder, including the Blue Whale, item number 5202601, and the Pink Octopus, item number 5725213. The pacifier holders are made of a plush fabric, stuffed with fiber, measure approximately 4.5 inches by 2 inches and have a 10-inch ribbon attached to the body. The item number is printed on the top left corner of the product hang tag. "Hobby Lobby 9123069" is printed on the front and back of the sewn-in label.

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Recent Private Companies Transactions

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