Retail

Moose Toys named Walmart’s Toy Supplier of the Year as it cites ‘strongest product line up to date’

Moose Toys has been named the Walmart Toy Supplier of the Year during the US retailer’s seventh annual Supplier Growth Form that was held virtually earlier this week. The event saw Walmart not only share the company’s upcoming strategic initiatives and areas of focus for future growth, but also celebrate …

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The Entertainer offers support to kids and families through Play is Never Cancelled campaign

The Entertainer has unveiled its Play is Never Cancelled campaign, a new programme of home-friendly, social activities to keep children occupied and from feeling isolated as the country plots its slow route out of lockdown this year. Following months of lockdown and a year’s worth of social restrictions, research has …

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Spring budget | Retail restart support, extended furlough, and £300m more for the Culture Recovery Fund

A restart programme to support retailers reopening next month and a £300 million culture recovery fund have been announced in a budget described as the Government’s “use of the full fiscal firepower of the country,” by Chancellor Rishi Sunak this afternoon. Among the first issues addressed by Sunak as he …

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Scottish retailers ‘still in for a fight to come out of the crisis’ says SRC over Sturgeon’s Covid strategy

Non-essential shops across Scotland are facing a further nine weeks of closure as the First Minister unveiled her refreshed Covid-19 Strategic Framework to MSPs yesterday, with plans set in place for re-openings on April 26th this year. The newly announced planned date of non-essential’s ‘great reopening’ will mark the end …

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Boris Johnson’s roadmap out of lockdown lays out non-essential retail’s spring time reopening

Boris Johnson’s roadmap for lifting lockdown restrictions across England have offered the light at the end of a long tunnel for non-essential retailers, and the suggestion that doors will be reopening from no sooner than April 12th this year. The plans were detailed amid a roadmap out of lockdown delivered …

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Pollock’s Toy Museum launches crowdfunder to rescue business from permanent closure

Pollock’s Toy Museum, the oldest Toy Museum in the UK and small toy shop operating out of London’s Scala Street, has launched a crowdfunding campaign to rescue it from permanent closure. Country-wide lockdown restrictions and social distancing measures have forced the doors shut on the almost 200 year old toy …

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Mattel bosses hail Q4 and full year 2020 results ‘best performance in years’

Mattel bosses have hailed the company’s fourth quarter and full year 2020 financial results as ‘its best performance in years,’ having beaten all expectations to see Q4 net sales up ten per cent and full year sales increase by 2 per cent to hit $4,584 million. Sales of the company’s …

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Government plans for further financial support to Covid-hit retailers

Government ministers are in talks with the Treasury to extend financial support for Covid-19 hit businesses and the current business rates holiday for a retail and hospitality sector that has endured a year of upheaval at the hands of the pandemic. Following warnings from the Labour party of a £50 …

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FCA called to regulate Buy Now Pay Later platforms after transactions triple in 2020

The UK’s Financial Conduct Authority has been called in to regulate the agreements used by buy-now-pay-later companies like Klarna and Clearpay, after a government review found potential for consumer harm. Earlier this month, the Treasury declared that fintech lenders using these channels would be required to carry out affordability checks …

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Hasbro Gaming growth of 20 per cent helps toy maker hit $1bn in ecommerce sales in 2020

Revenues in Hasbro Gaming grew 21 per cent while revenues across its total gaming category picked up 20 per cent according to the global entertainment company’s Q4 2020 financial report. While net revenues for the full year 2020 did dip by eight per cent year on year, Hasbro witnessed a …

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