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Hobby Lobby Marks 40 Years of Helping Families Celebrate Life

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					Hobby Lobby Marks 40 Years of Helping Families
Celebrate Life
Company Has Grown from One 300–Square-Foot Location to More Than 450 Stores

September 08, 2010 12:47 PM Eastern Daylight Time  

OKLAHOMA CITY--(EON: Enhanced Online News)--What started in a garage in Oklahoma City 40 years ago
has expanded into more than 450 arts and crafts stores nationwide. Hobby Lobby is now the go-to location for
families looking for everything from furniture and vases to clocks, birdhouses and arts and crafts supplies. And yes,
those picture frames are still for sale.

“It’s been an amazing journey,” said Hobby Lobby founder and CEO David Green. “We started out making picture
frames in a garage, and now we are expanding into places like California and New York.” 

The retailer started as an outgrowth of Greco Products, a miniature picture frame company, founded by David
Green in 1970. Hobby Lobby officially began operation Aug. 3, 1972 with 300 square feet of retail space located in
north Oklahoma City. In January 1973, the operation moved, and retail space was increased to about 1,000 square
feet.

Today, more than 18,000 employees across the nation work for Hobby Lobby, which passed the $2 billion annual
revenue mark in 2009 for the first time in company history. The company remains closed on Sundays in order to
allow employees time for worship and to spend time with their family. Hobby Lobby donates more than 10 percent
of its income each year to charity.

As the company grew, members of the Green family became more involved. David’s son, Steve Green, serves as
president. Another son, Mart Green, is founder and CEO of Mardel. David’s daughter, Darsee Lett, is vice
president of the art and creative department.

In all, there are 12 Hobby Lobby-affiliated businesses. Those businesses are all headquartered at Hobby Lobby’s
corporate office, which sits on a 4.2 million square foot manufacturing, distribution and office complex in Oklahoma
City.

“The constant element throughout our 40 years of growth has been our loyal customers and our outstanding
employees,” David Green said. “The foundation of our business has been and will continue to be strong values based
on biblical principles, including integrity, service to others and giving back to those in need. We thank everyone who
has contributed to our success during the past four decades and look forward to many more years of growth and
service.” 

Since starting its business, the Green family has given back to the community and ministries worldwide through
numerous initiatives, including:

In April, the family announced it acquired one of the earliest-known, near-complete Bibles in the world. The so-
called Codex Climaci Rescriptus includes the only surviving New Testament text in Jesus’ household language,
Palestinian Aramaic. That Bible is just one of thousands of artifacts the family has collected, with plans to share the
story of the Bible through a Bible museum.

In 2009, the family purchased land in Massachusetts from Northfield Mount Hermon School for the new home of a
college to be established by the C.S. Lewis Foundation.

In 2007, the family helped pay off debt for Oral Roberts University in Tulsa, Okla., allowing the school’s mission to
continue.

Still, Hobby Lobby remains committed to its retail roots and its employees. It has implemented its own minimum
wage of $11 an hour for full-time hourly employees and $8 an hour for part-time employees, and provides access to
a campus health clinic for employees.

“I’ve always viewed retail as my calling,” David Green said. “Through our business success, we’ve been able to
donate more than 10 percent of our income to charitable causes and employ more than 18,000 amazing people at
stores across the nation.” 

Please visit www.hobbylobby.com/40years to view a timeline on Hobby Lobby.

About Hobby Lobby Stores Inc.

Based in Oklahoma City, Hobby Lobby and its affiliates, including Mardel, Hemispheres and Crafts Etc.!, employ
more than 18,000 individuals nationwide. The company has grown from one 300-square-foot store to more than
450 locations in 39 states. Hobby Lobby carries no long-term debt, is open only 66 hours per week and is closed
on Sundays. For more information, visit www.hobbylobby.com.

Contacts
for Hobby Lobby Stores Inc.
Chad Previch, 405-608-0445
Cell 405-487-9249
cprevich@saxumpr.com

Permalink: http://eon.businesswire.com/news/eon/20100908006747/en/Hobby-Lobby/Oklahoma/arts

				
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