Hobby Lobby Bankruptcy?

[Jim B]

I was chatting with some friends this morning, and we were talking about Black Friday & whatnot.  The conversation turned to Hobby Lobby and their impending bankruptcy & store closings.  HAs anyone else heard anything about this?  I did an Internet search, but only turned up Hobby Lobby's opposition to some Affordable Care Act mandates.

I do NOT want this thread to turn political.  All I want to do is confirm or refute the Hobby Lobby bankruptcy story.

Edited November 25, 2016 by Jim B

[Tesla]

This rumor has been on the internet since 2012. I just searched it and no concrete proof that this is true.

[Jim B]

That's the same basic conclusion that I came up with, too.

[Ace-Garageguy]

This rumor has been on the internet since 2012. I just searched it and no concrete proof that this is true.

Exactly. There's never any shortage of gossip mongers spewing gloom and doom, with the ubiquitous preface of "I heard"...

I have a hard time believing they're losing money, which would be necessary for a "bankruptcy", as the store near me is busy constantly.

But just to fuel the fire, here's an article from August of this year...

http://usherald.com/hobby-lobby-just-announced-closing-stores-founder-reveals-alarming-reason/

[Fat Brian]

They've just built two brand new stores near me so if they're losing money they sure don't show it, if anything they're putting Michael's out of business in my area. Michael's hasn't built anew store near me since Hobby Lobby moved in and they've actually downsized a few existing locations.

[slusher]

They've just built two brand new stores near me so if they're losing money they sure don't show it, if anything they're putting Michael's out of business in my area. Michael's hasn't built anew store near me since Hobby Lobby moved in and they've actually downsized a few existing locations.

Michaels has closed some stores in the last few years...

[Mike77]

Hobby Lobby is a religious-based business and their opposition to the Affordable Care Act started the rumors years ago that they would be going out of business. I think at most they would close 40% of their stores. Sorry, I couldn't resist that one!

[fairlane1320]

It pops up regularly on Facebook, along with all the other fake news.

[High octane]

It IS a rumor as someone had sent me that news a month ago. So I went to my local Hobby Lobby and asked, no they are not closing and plans to open up 12 more Hobby Lobby stores are in the works.

[CometMan]

I have seen that rumor also, but, I have not seen any signs that they are in any kind of trouble.

[Zoom Zoom]

But just to fuel the fire, here's an article from August of this year...

http://usherald.com/hobby-lobby-just-announced-closing-stores-founder-reveals-alarming-reason/

This is the only fuel for the imaginary fire. It's a fake news site. The entire rumor began from a fake news site.

There is no reality to the rumors.

[Dave Van]

Normal 'Anti-whatever I don't like' rumor mill.........

[kilrathy10]

God bless Hobby Lobby !!!!!