Hobby Lobby App Used at Different Stores

As a well-known craft store chain, Hobby Lobby has been making waves in the retail industry with its presence across the United States. With over 659 locations in 47 states, it's no surprise that consumers are familiar with this Oklahoma City-based company. But what sets Hobby Lobby apart from other craft stores like Michaels and Jo-Ann?

One of the main differences is the sheer size of Hobby Lobby's stores. Averaging around 55,000 square feet, these massive retail spaces offer a vast array of products including picture frames, artificial floral displays and baskets, jewelry-making supplies, scrapbooking materials, and knitting goods.

In fact, according to Dave Brennan, co-director of the Thomas Institute for Retailing Excellence, Hobby Lobby typically saturates a market before entering into competition with other craft stores. This is evident in Minnesota where Hobby Lobby has opened eight locations, including its latest addition in Maple Grove. The grand opening on Monday marks another milestone for the company as it continues to expand its presence in the Twin Cities.

Interestingly, Hobby Lobby's successful lawsuit against the Affordable Care Act mandate that family-owned companies provide contraceptive coverage for their workers has also contributed to its widespread recognition. As a family-owned business with evangelical Christian roots, Hobby Lobby's values are reflected in its operations and products.

So what does this mean for Michaels and Jo-Ann? According to Brennan, the overlap between the three craft stores' merchandise is around 80 percent, which could potentially lead to some attrition. However, he hasn't observed any significant fallout yet.

Despite the competition, Hobby Lobby's ability to saturate a market with its vast array of products and large store sizes makes it a formidable player in the craft retail industry. As it continues to expand across the United States, consumers can expect to see more of this iconic brand on their local shopping scene.

Hobby lobby app used at different stores