Craft and fabric retailer Lincraft is set to close all of its physical stores across Australia and New Zealand, transitioning to an online business model after more than 80 years.

Lincraft managing director John Maguire told 3AW Breakfast hosts Ross and Russel that a change of retail behaviour was the tipping point for Lincraft.

Press PLAY to learn more about the future of Lincraft

“The reality is we see our business sales stabilising but the costs going up so in the end, when that happens, you’ve got to probably make the tough call,” Mr Maguire said.

Image: @Lincraft via Facebook