ONTRACKS: Retailer defies economic downturn - ToyNews

ONTRACKS: Retailer defies economic downturn

OnTracks.co.uk, has today reported an increase in sales for July compared with 2007.
Author:
Publish date:
5_Pocoyo.jpg

The British model and hobby internet retailer announced a 67 per cent rise in sales in the face of negative retail growth and falling consumer confidence over the summer.

The firm has seen sales rising across almost all of its products ranges – from Hornby and Airfix, through to VTech and even the higher priced premium imported lines Artmaster and Duha.

Fiona Mulhall, managing director, commented “We’ve been seeing a gradual increase in sales over the last few months, but the level of growth has become quite amazing.”

She continued: “Although it’s early days, we’re expecting a good second half to the year. We continue to see the traditional model and hobby brands as being a safe haven in downturns. Customers will willingly stretch themselves to purchase a Scalextric brand set, rather than the less well known but lower cost alternative.”

Related

5_Ironman_b.jpg

RETAIL TRENDS - April '08

The British Retail Consortium reports that UK retail sales fell 1.5 per cent on a like-for-like basis, compared with April 2007, when sales were up 2.4 per cent helped by the warm, sunny Easter weekend...

Featured Jobs

Copyrights Group

Marketing Manager

The Copyrights Group is one of the licensing arms within The Vivendi Group. Acquired by Vivendi in 2016 Copyrights manages the licensing for a portfolio of properties to include Paddington Bear. Some of the other companies within the Vivendi Group include Universal Music Group, and their licensing arm Bravado, Gameloft and Studiocanal to name a few.