Retail

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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Chancellor ‘considering tax on online giants’ to help payback Government’s Covid spending

Amazon and other major online retailers could be facing a new online sales tax to help the UK pay its debts following extensive borrowing during the pandemic. Treasury sources have confirmed that Chancellor Rishi Sunak is considering initiating a tax that will target companies who have done well out of …

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Jeff Bezos steps down from CEO role as Amazon reports record-breaking financials

The billionaire founder of Amazon, Jeff Bezos, is stepping down as the company’s CEO in an announcement that has hit the headlines the world over. The news was shared on Tuesday, February 2nd amid the online behemoth’s latest financial results in which Amazon reported sales of $125.6bn in the last …

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Toys R Us comeback hits US roadblock as Tru Kids shuts its two toy shops

Plans for a Toys R Us comeback in the US have hit a roadblock as the retailer shut the doors of its only two physical stores, citing the impact of the coronavirus for the drop off in footfall. Owned by Tru Kids Inc which bought to the toy retailer in …

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