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The company's decision will allow it to discount thousands of its items on a daily basis instead of using a one-time coupon.
Hobby Lobby Stores, Inc., formerly Hobby Lobby Creative Centers, is an American retail company. It owns a chain of arts and crafts stores with a volume of over $5 billion in 2018. [ 1 ] The chain has 1,001 stores in 48 U.S. states.
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The company announced sales were down 40% due to the pandemic on May 28. [35] On May 7, luxury department store chain Neiman Marcus filed for Chapter 11 bankruptcy. CEO Geoffroy van Raemdonck insisted that the stores would not be liquidated but that the filing was made to "alleviate debt, access additional capital to run the business during ...
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The U.S. Supreme Court sided with Hobby Lobby in a 5–4 decision. Since Hobby Lobby was a for-profit business owned by religious individuals to do their will, and similar exemptions existed for religious non-profits, the RFRA should be interpreted to provide exemptions for Hobby Lobby as well. [35]