No, Hobby Lobby Is Not Goint Out Of Business | Updated 2025
Are you also confused about whether Hobby Lobby is going out of business or not?
Many customers are facing the same question and are searching for the answer. And we got the answer.
The answer is no, Hobby Lobby is not going out of business. Yes, you heard it right.
Hobby Lobby is still in business and will continue to operate, open, and run stores all across the World.
So now, you will be wondering why there are a lot of rumors about Hobby Lobby going out of business.
We have done our research and will and your every question in this article. And will also suggest some of the best alternatives to Hobby Lobby. So, let’s start.
Contents
Hobby Lobby
Hobby Lobby is one of the biggest arts and crafts retail chains in the United States.
It was founded in 1972 by David Green in Oklahoma City. The company is owned by the Green family, with Steve Green, David’s son
With the passage of time, Hobby Lobby has grown from a small home business into a major national retailer opening more than 1,000 stores across 48 states.
Their stores are known for selling everything from art supplies and fabric to home décor, party goods, picture frames, and seasonal items.
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Is Hobby Lobby Really Going Out of Business?
As we said before, the answer to this question is no, Hobby Lobby is not going out of business. It is still in business.
We are saying this because we have done our research and found out that Hobby Lobby has been opening new locations across the country.
The company also continues to post job openings and has even increased its minimum full-time employee wage in 2025.
This transparently shows that Hobby Lobby is not facing any issues, as of now.
And the company is also not facing any issues about the wages of workers, as it was increased in 2024.
Hobby Lobby’s Current Financial Status
As mentioned before, financially, Hobby Lobby appears to be stable and performing well.
As they are a private company, and private companies don’t show much about their financial conditions.
Many indicators have mentioned and said that they are going very well and are safe in the future.
The company is expanding into new markets, opening stores in new malls, and investing in employee wages and store improvements.
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What Are the Best Alternatives to Hobby Lobby?
Even though Hobby Lobby isn’t going out of business, if you are still interested in exploring some best alternatives, it. We got your.
Given below are some of the best alternatives to Hobby Lobby that you can give a try.
Michaels Stores
Michaels is one of Hobby Lobby’s biggest competitors and also one of the best alternatives to Hobby Lobby.
It Stores offers a wide variety of arts and crafts supplies, including fabrics, home décor, and seasonal items.
Blick Art Materials
Blick Art Materials is another one of the best alternatives to Hobby Lobby due to its strong selection of finer art supplies.
They are one of the best in the market when you need specialized art and craft tools rather than just basic tools.
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Will Hobby Lobby Go Out of Business in the Future?
This question is not as easy to answer as it seems, but as of now, there is no indication or any evidence of Hobby Lobby going out of business.
The best advantages of Hobby Lobby are that it is a privately owned company and does not have any kind of debt.
Hobby Lobby is growing by hiring new workers and opening new stores in new locations all across America.
But, it does not mean that Hobby Lobby will never go out of business or that it is here forever.
Anything can happen, but right now, Hobby Lobby is in business and growing day by day.
Conclusion
In conclusion, Hobby Lobby is not going out of business. It is in business and growing day by day.
Hobby Lobby is opening new stores, hiring workers, and giving them the best wages.
Hobby Lobby’s current financial situation is also great, and there is no indicator that it has chances of going out of business.
Some of the best alternatives to Hobby Lobby are Michaels Stores and Blick Art Materials.
