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Mattel sales buoyed by Barbie, Hot Wheels and Jurassic World as infant declines

Barbie, Hot Wheels, Jurassic World and the excitement around this year’s Toy Story 4 release have helped Mattel to better than expected first quarter financials, with smaller losses and improved gross margins. While net sales dropped three per cent to $689.2 million the fall in sales was less than expected, …

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Debenhams’ new owners plan to shutter 20 stores by early next year

Plans to shutter 20 Debenhams stores across the UK by early next year are now afoot as the department store’s new owners outline a strategy to launch a CVA this week. According to Sky News, the company voluntary arrangement will ‘pave the way for more than ten per cent of …

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Sainsbury’s and Asda merger blocked by CMA

The Competition and Markets Authority, the UK’s competition watchdog, has blocked Sainsbury’s and Asda’s £10bn merger. The body blocked the move by the UK grocery giants after finding that it would lead to increased prices in stores, online and across petrol stations. The CMA said that it believed shoppers would …

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UK marketplace OnBuy puts discounting at centre of business strategy

The UK online marketplace, OnBuy.com, is revamping and enhancing its OnBuy Deals segment, highlighting the move as the “latest bold step in its plans to disrupt the marketplace giants,” like eBay and Amazon. The platform is ‘completely overhauling’ its Deals page and changing the way in which deals are featured …

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Britain’s consumer spend is rising despite Westminster and Brexit turmoil

Britain’s consumer spending has grown 1.1 per cent in March, despite the fears that the still ongoing Brexit drama would send it plummeting further. Figures from the Office for National Statistics show that consumers might have just shrugged off recent political events to ignore Westminster’s turmoil and hit the high …

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“If you build it, they will come”: Fiesta Craft’s Rob Trup on the retail experience

Retail can be tough at the moment. Customers are stepping less often into shops and their minds progressively retrained by the net sellers to think primarily about online shopping. Even if they do show up, some cheekily use you as a showroom simply to go away and order products on …

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Amazon to downsize operations in China as Alibaba and JD.com strengthen hold

Amazon is downsizing its operations in China with plans to shut the online platform it hosts that allows shoppers to buy from local sellers. The online giant has stated that it would no longer run the domestic marketplace from July this year, but added that Chinese shoppers will still be …

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Reliance Retail in talks to acquire Hamleys

Reliance Retail is in talks to acquire the iconic Hamleys to shop brand. The purchase of the global toy retailer would mark a major boost for Reliance Retail’s global ambitions and its annual growth target of 30 per cent. Hamleys – the globally famed 259 year old toy store brand, …

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Preschool market is stronghold amid economic strife, says Le Toy Van

Le Toy Van is enjoying a flying start to the year in the stronghold preschool market that ‘has not yet been impacted’ by any kind of economic situation. Speaking to ToyNews, the preschool specialist has reported on items from its 2019 portfolio selling out, even before entering the country,’ and …

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