HobbyCraft doubles its growth plan - ToyNews

HobbyCraft doubles its growth plan

Strong sales and a weak property market leads arts and crafts retailer to double the rate of its store expansion programme.
Author:
Publish date:
Social count:
0
5_Pocoyo.jpg

Hobbycraft plans to open at least eight stores in the year to February 2010 as opposed to its traditional growth rate of four a year.

The retailer will open five stores before Christmas in Harlow, Hull, Solihull, Thanet and Aberdeen and plans for another before the end of the year.

It will also open a store in Peterborough in early 2010. So far this year the firm has also opened a shop in Fort Kinnaird in Edinburgh.

Chief executive Chris Crombie said: “It’s a brilliant time to be opening stores. Landlords are keen to let space.”

Retailers can currently secure good property deals and are in a good position to sign deals on their terms. Crombie said at one retail park, the landlord offered a £750,000 incentive to take the site.

Crombie also pointed out that the employment market is good for retailers and it has taken on many former Woolworths staff.

In the 24 weeks to August 9th, like-for-like sales rose 10.3 per cent while total sales were up by 24.2 per cent. The 39-store retailer plans to grow to 180 stores over the medium term.

Related

3406_mypictr_300x300.jpg

Master plans

Throughout the last few economically challenging years, Marbel has managed to maintain an impressive rate of growth with existing brands, Plan Toys, I?m Toy, Educo and more, along with newly acquired lines. Katie Roberts chatted to marketing manager Phil Nelson about how he has done it?

Featured Jobs

Gameplan Job Logo 620 x 349

Sales Director UK

Our client is a well established privately owned UK toy manufacturer which has won numerous awards for outstandingly innovative toys, gifts and gadgets. A correspondingly outstanding and talented UK Sales Director is to be recruited who has the potential, the will, the drive and the ambition to advance to a higher position within a few years.

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.