Major retailer Hobbycraft to shut a further nine stores this month

Up to 27 branches could be at risk (Picture: Catherine Ivill/Getty Images)

Hobbycraft is set to close nine stores in the coming days putting hundreds of jobs at risk.

The stores set to close on June 21 include sites across Bristol,Basildon,Dunstable and Borehamwood.

Two more sites will close in Essex,one in Gloucestershire and a store in Kent.

But another 18 branches on top of those are also at risk of closing if Hobbycraft’s new owners aren’t able to negotiate rent cuts for their premises.

That means up to 27 shops could close,putting between 72 and 126 jobs at risk.

‘Modella Capital believes that many retailers can thrive on the high street; particularly those with a distinctive offer and a loyal customer base.

‘Where necessary,Modella Capital has the skills and experience to restructure retailers that require it,in order to ensure they create profitable,ongoing businesses that will continue to serve communities and employ thousands of people across the UK.’