Craft retailer Lincraft to close rest of its stores in Australia and NZ (opens original article in a new tab)

Lincraft, a long-standing craft retailer, is closing all its stores in Australia and New Zealand to shift to an online business model, affecting around 300 staff.

• Lincraft will close all its stores in Australia and New Zealand after 80 years of operation
• The company is shifting to an online business model due to changing consumer behaviour and increased costs
• Approximately 300 staff will be affected by the store closures
• Lincraft cited pressure from low-cost overseas competitors as a factor in the decision