Retail

Debenhams’ co-CEO exits the business following winding-up orders after Boohoo deal

Debenhams’ co-CEO is leaving the business following the issuance of court orders to wind up its operations after the acquisition deal with online retailer Boohoo was struck this week. The co-chief executive, Steven Cook, will be exiting the Debenhams business following a four year stint with the department store chain …

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LEGO, Spin Master, and Warner Bros among winners of the NPD’s Global and European Toy Industry Performance Awards

The LEGO Group, Spin Master, Mattel, and Warner Bros have been named among the winners of the NPD Group’s 2020 Global and European Toy Industry Performance Awards. The Danish toy maker took home the NPD’s Global Top Toy Manufacturer of the Year award, while its officially licensed LEGO Super Mario …

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US toy sales surge $3.5bn with outdoor, fashion dolls, and building sets leading the charge

Skateboard, skates, and scooter sales surged 31 per cent, fashion dolls and accessories soared by 56 per cent, and building sets grew by 26 per cent over a year in which overall toy sales in the US grew by $3.5 billion. Toy sales in the US generated $25.1 billion in …

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Owners of Edinburgh’s Jenners ‘will return department store to former glory’ as House of Fraser exits

The owner of Edinburgh’s iconic department store, Jenners, has insisted that it will see it ‘returned to its former glory as a retail destination’ upon the departure of Mike Ashley’s Fraser Group, who will be vacating the premises for good this May. News broke yesterday that the department store building …

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Boohoo buys Debenhams brand and website – but no rescue of high street stores or workforce

The online fashion giant, Boohoo has bought the Debenhams brand in a £55 million deal that will not include rescuing the retail chain’s physical stores or its workforce. Instead, Boohoo plans to “rebuild and relaunch the Debenhams platform” as it continues in its ambitions to lead the fashion ecommerce market, …

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Brexit: “No good news story here” for small business toy sellers hit by rising import charges

Online toy sellers are among the thousands of UK small businesses feeling the immediate sting of a Brexit trade deal that has shown early signs ‘of being no good for anyone in the business of selling to the EU.’ Retailers such as the online toy shop Kiddimax have been left …

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Kids Insights – The direct approach: Will 2021 be the year for direct to consumer selling?

In its latest report in which it outlines the consumer trends among children aged three to 18 set to shape the coming year, market intelligence agency, Kids Insights predicts a stark rise in direct to consumer retail. With social media and brand’s own platforms playing such an integral role in …

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“Transformation at Hornby accelerates” as hobby firm is on track for 20 per cent Q3 sales increase

The hobby specialist, Hornby has said it expects to see between 15 to 20 per cent higher sales in the financial year ending March 31st, stating that the “transformation at Hornby continues to accelerate.” The model train company has issued early reports that its third quarter of the financial year, …

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Indie Insight: Galway’s Toy Corner and its whirlwind first year of winning awards and ‘selling memories’

Hazel McCarthy, owner of the Galway-based indie toy retailer, Toy Corner likes to think of herself as in the “business of making memories” rather than selling toys, having set up shop just one year ago to become the only shop of its kind in the Gaeltacht village of Moycullen. Having …

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