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Oriental Trading Company is a direct merchant of value-priced party supplies, arts and crafts, toys, novelties, and school supplies. [5] It was founded in 1932 as a wholesaling company. It is based in Omaha, Nebraska, and is owned by Berkshire Hathaway. [6] [7] Alternative known names for Oriental Trading Company include "Oriental Trading" & "OTC".
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The company claimed to be an essential service as they sell fabric and school supplies. [48] [49] In a reversal, in April 2020, Hobby Lobby closed all stores and furloughed nearly all employees without pay, announcing that they were "ending emergency leave pay and suspending use of company provided paid time off benefits and vacation." [50]
The company was founded in 1981 by Mike and Jane Crossley [6] as discount bookstore Remainders Limited. The Works stores are categorised into five product "zones": Kids (toys, games etc.), Arts and Craft, Stationery, Family Gifts, and Seasonal/Regional, which includes a selection of local interest and tourist-specific ranges.
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