Hobby Lobby Stores, Inc. Overview
Pro stress-test →Hobby Lobby Stores, Inc. is an American chain of retail arts and crafts stores with 1,057 stores as of 2025, with locations in every state except Alaska and Hawaii. The company generated $8.0 billion in revenue in 2025 and ranks 70th on the Forbes list of America's Largest Private Companies.
Strategic Profile
Pro stress-test →The company is recognized for its conservative business approach, including a debt-free capital structure and a focus on operational efficiency. Hobby Lobby typically seeks to rent big-box facilities in mid- to high-income suburban areas, saving 50–70 percent on lease costs compared with constructing new retail space, which it views as critical to competitive advantage.
Competitive Landscape
Pro stress-test →Hobby Lobby dominates the arts-and-crafts retail category alongside regional and online competitors. The company's scale, debt-free operations, and owned manufacturing capabilities differentiate it from specialty retailers and discount chains competing for the hobbyist and DIY enthusiast customer base.
Industry Context
Hobby Lobby Stores, Inc. operates in Arts & Crafts Retail.
Key facts
Founded: 1972 · Headquarters: Oklahoma City, US · Employees: 50,000 (2025) · Revenue: $8.0B (2025)