Hobby Lobby Stores

Hobby Lobby is a chain of arts and crafts stores based in the United States. Founded in 1972, the company has grown to become one of the largest privately-owned arts and crafts retailers in the world. Its headquarters is located in Oklahoma City, Oklahoma. Hobby Lobby offers a wide range of products and services for arts, crafts, home decor, fabrics, party supplies, and more. The company is known for its extensive selection of materials and equipment, catering to various artistic and creative pursuits. Hobby Lobby also provides custom framing services, offering customers the option to frame their photos, artworks, and other memorabilia. On a global scale, Hobby Lobby primarily operates within the United States. However, the company has made significant acquisitions and partnerships to enhance its presence in the market. In 2017, Hobby Lobby purchased the former campus of St. Gregory's University in Shawnee, Oklahoma, expanding its distribution capabilities. Hobby Lobby faces competition from other arts and crafts retailers such as Michaels, AC Moore, and Jo-Ann Stores. With over 900 locations across the United States, Hobby Lobby holds a significant market share within the industry and is considered one of the dominant players. In terms of global sales, Hobby Lobby reported approximately $5.4 billion in revenue in 2019. The company has shown consistent growth, expanding its store count and revenue over the years. Hobby Lobby has been involved in several noteworthy events and achievements. In 2014, the company won a Supreme Court case against the Affordable Care Act's mandate to provide employees with certain contraception coverage, citing religious objections. This case had significant implications regarding religious freedom and business operations. As of the latest information available, Hobby Lobby continues to thrive as a leading arts and crafts retailer in the United States. The company remains committed to its core values, including being closed on Sundays to allow employees to spend time with their families. Hobby Lobby regularly updates its product lineup to cater to changing customer demands and trends.