Hobby Lobby closing??
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really

Jonesboro, AR

#1 Jan 19, 2009
I heard they will closing, is that true?? I hope not, I love Hobby Lobby.
JABADAHUT

Saint Albans, WV

#2 Jan 19, 2009
I think so. Who knows.
Why

Jonesboro, AR

#3 Jan 19, 2009
No! Say it isn't so!!! Noooooooo!
guest

Little Rock, AR

#4 Jan 19, 2009
Surely not...not Hobby Lobby!!! Good grief, when will it stop!!! Damn, we're gonna have to start going back to Memphis. I even heard Wolfchase Mall is turning into crap just like all the other Malls in Memphis did.
Why

Jonesboro, AR

#5 Jan 19, 2009
Hobby Lobby was founded in 1964 and has hundreds of stores. Nothing has been released to the media about any financial problems or closings. As a matter of fact, "Business Week" says they are a strong company to be emulated.
Unfounded rumor.
Wrong information

United States

#6 Jan 19, 2009
Why wrote:
Hobby Lobby was founded in 1964 and has hundreds of stores. Nothing has been released to the media about any financial problems or closings. As a matter of fact, "Business Week" says they are a strong company to be emulated.
Unfounded rumor.
Well...first, let's deal with some major problems in your post. First of all, according to both Hobby Lobby's own website AND Business Week, the company was founded in 1972, not 1964, as you have said.
http://investing.businessweek.com/research/st...
http://www.hobbylobby.com/our_company/our_com...

Next, what is your source for your statement about BusinessWeek saying that Hobby Lobby is a "strong company" that should be "emulated"? A google search of "Hobby Lobby" paired with Business Week comes up with only three links to BusinessWeek sources. Two of those are job postings. One is the company profile that I linked to above. This profile does not include information about a company's stability. Please include the link to the information that you found. I'm not saying it doesn't exist, but please provide a source linking that material to BusinessWeek.
Additionally

United States

#7 Jan 19, 2009
The age of a company has a limited amount to do with its stability. It only take a short period under poor management for even a long established company to have problems.(Disclaimer: I am not saying this is the case with Hobby Lobby. I am not familiar with its upper level management, nor am I making any claims either way about the financial status of Hobby Lobby or any related businesses.)

For an example, look at Circuit City. According to the Washington Post, Circuit City was founded in 1949. Clearly, this is a long time before Hobby Lobby. http://www.washingtonpost.com/wp-dyn/content/...

Circuit City also has posted on its website that it has been around for 60 years. http://www.circuitcity.com/closed.html

The number of stores a business has is also immaterial. As of now, Circuit city also has hundreds of stores, just in the U.S. In fact, according to the last link I gave you, they have 567 stores in the U.S. All are liquidating.

Therefore, your statements regarding how many stores Hobby Lobby has and how long the company has been in business are immaterial. They do not prove anything regarding the companies financial status.

Another example...Linens n Things was founded in 1975 and had over 500 stores in the US & Canada. They also went bankrupt.

Hobby Lobby is no safer due to age & size of chain than any other business. This has nothing to do with success or failure.
TADA

Jonesboro, AR

#8 Jan 19, 2009
Just a thought but i would think Hobby Lobby would be doing pretty good. Of course nobody buys anything unless its 1/2 off on it's regular, ever other week sale LOL! Times are tight but i would kinda think that stores with tons of make it yourself craft stuff would be doing ok since it can be cheaper to make your own things versus buy them. Again though... just a guess.

On a side note here... a family member told me that Walmart is under a hiring freeze. I don't know if this is company wide or just his regions stores but that kinda worried me. Walmart has always seemed to be ahead of the curve in predicting things to come.

TRP

Since: Oct 08

Jonesboro, AR

#9 Jan 19, 2009
My mother in law works there and nothing has been said.
fumh

AOL

#10 Jan 19, 2009
TRP wrote:
My mother in law works there and nothing has been said.
Not to be rude, but she probably wouldn't find out until the last minute. Did you read the article in the Sun about Circuit City? It stated the employees found out a day or two before they made the announcement. I haven't heard anything about Hobby Lobby like I did the other stores (Goody's, Circuit City, Linens n Things) so maybe they will be o.k. I sure hope so...we don't need to keep losing stores, and people certainly don't need to lose their jobs.
Hollywood

United States

#11 Jan 19, 2009
TADA wrote:
Times are tight but i would kinda think that stores with tons of make it yourself craft stuff would be doing ok since it can be cheaper to make your own things versus buy them.
That might be true if you actually needed the stuff that they sell to survive. There is NOTHING for sale at Hobby Lobby, except luxuries. NOTHING on sale at Hobby Lobby is necessary in order to live, or even to live a comfortable life. It's far cheaper to buy clothes new off the clearance rack than it is to make them. It's even cheaper to shop at a thrift shop or yard sale.

No one needs fake flowers, kitschy decor, Christmas decorations in July, or any of the other junk in there, unless it's being bought as supplies for paid employment. Everything in there is optional...and most is incredibly wasteful to both the pocketbook and the environment.
Old Sam

Bossier City, LA

#12 Jan 19, 2009
Have you seen all the old ladies buying stuff in there??? If they close THAT store, it'll take 5 wranglers to herd 'em all out!
Sorry to Disapoint you

Enterprise, AL

#13 Jan 19, 2009
Hollywood wrote:
<quoted text>
That might be true if you actually needed the stuff that they sell to survive. There is NOTHING for sale at Hobby Lobby, except luxuries. NOTHING on sale at Hobby Lobby is necessary in order to live, or even to live a comfortable life. It's far cheaper to buy clothes new off the clearance rack than it is to make them. It's even cheaper to shop at a thrift shop or yard sale.
No one needs fake flowers, kitschy decor, Christmas decorations in July, or any of the other junk in there, unless it's being bought as supplies for paid employment. Everything in there is optional...and most is incredibly wasteful to both the pocketbook and the environment.
Hobby Lobby has wholesale customers that make their living buying those wasteful things. People are still sending gifts and memorials. Your attitude stinks! I'll bet you've been told that before haven't you?
Sorry to Disapoint you

Enterprise, AL

#14 Jan 19, 2009
"Disappoint" sorry for the mistake, you kinda upset me!
Me Too

Enterprise, AL

#15 Jan 19, 2009
Yes, that upset me too. Maybe everything that isn't a "need" will just disappear. I'll be "Hollywood" enjoys a few wasteful things.
whatever

Russellville, AR

#16 Jan 20, 2009
I love Hobby Lobby. I will be really upset if it closes, luxury items or not. Everytime I'm in there I see something else that I plan to buy next time around.

I dont drink (not very often anyway). I rarely go to movies or to the mall. I do love to decorate my house and I love to get my kids' creative juices flowing by teaching them things to make. It creates a sense of pride knowing you can take a few random objects and create for yourself something original. And the cost? Nearly nothing when you compare it to the cost of popcorn/coke/candy and movies. Hobby Lobby is a wonderful store. I hope we don't lose it.
Actually

Kansas City, MO

#17 Jan 20, 2009
It appears that some of you worship Hobby Lobby as a god, rather than worshipping the god of hobby lobby.

I consider ALL craft stores to be wasteful beasts. They could be pared down to a booth the size of Claire's Botique (another example of prime consumer waste) and still have empty space, if all the waste was eliminated.

Most of what is in Target, Wal-mart, and every other store in the United States, and the rest of the consumeristic modern world is the same way.

We don't NEED this garbage to live happy, healthy, fulfilling lives.

Children don't need to use plastic and other environmentally destructive objects in order to get their creative juices going. Instead, they can sketch on the back of printer paper rescued from the recycle bin, make up a game, play or sing music, or use "found objects" such as pine cones, pebbles, twigs, toilet paper tubes, and egg cartons.

I was not referring solely to the financial waste of Hobby Lobby, although that certainly exists. I was referring most to the incredible environmental destruction wrought by such altars of worship to consumerism.
And

Kansas City, MO

#18 Jan 20, 2009
you are wrong to assume I live a life of waste. I don't consider spending more money, for quality objects that last a lifetime to be wasteful. So, I buy a solid, sturdy item of stainless, wood, etc. instead of plastic chemical poisoned garbage. I'll pay $10 for a ladle that will last for 50 or 100 years of daily use, rather than purchasing a plastic one that melts into my food, at a cost of $1 every 2 years. This is truly the frugal decision in the long run. It's also more environmentally friendly.

I judge waste first by the environmental destruction it costs. Then, after the environmentally friendly options are in front of me, I look at the financial cost.

This is often much cheaper than looking at simply the cost. How?

1) Consider the long term cost, broken down over a lifetime.
2) Many things we simply don't need. It's financially AND environmentally to simply skip that purchase. A month from now, six months from now, or next year, we will have forgotten we ever wanted to buy that item.
3) Buy used. 95% of non-food items can be purchased used at a much better price. This is also generally an environmentally friendly decision, particularly if purchased used from a local source.
4) Buy multi-purpose items. You don't need a gadget or gizmo for every task.

Live responsibly.
smoke

Blytheville, AR

#19 Jan 20, 2009
go away,hippy.
Not a hippy

AOL

#20 Jan 20, 2009
but I am responsible. Most Americans are irresponsible, both fiscally and environmentally.

Look at the financial crisis that our nation is going through today. This alone is enough to support my point about financial responsibility. If Americans were fiscally conservative as individuals, then the only bankruptcies would be for disastrous medical reasons, such as cancer. If Americans were fiscally responsible, then they would not have overbought more housing than they could afford, and we would not be seeing the collapse of the housing market, and the foreclosure of millions of homes.

If Americans were environmentally responsible, we wouldn't have to worry about contamanation of our products with lead, melamine, and so forth. We would be producing goods we NEED, in responsible ways. If Americans weren't environmentally responsible, we wouldn't have poisoned our streams, rivers, and lakes with chemical waste from mining, paper mills, and manufacturing. If Americans weren't so incredibly wasteful, we would not have to concern ourselves with the cost of oil. Much of this goes for non-necessary manufacturing processes. We'd have plenty of oil for necessary transportation if we were an environmentally responsible nation who had actively sought other options when the opportunity first arose.

Believe it or not, I'm not a hippy. People across this nation actually pay attention now, in much greater numbers, to the needs and future of this planet. Jonesboro is still one of the backwater septics of the nation where waste disposal still means driving down a County Road with the tailgate of the pick-up open. This type of attitude is part of what gives Arkansas a reputation as a backwater redneck state.

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