GREECE: Jumbo chain expands

Greek toy retailer Jumbo's full year sales rose 17.9 per cent, after increasing its store network.
Author:
Publish date:
Social count:
0
5_Pocoyo.jpg

Sales for the country's largest toy company, which also sells stationery and home items, rose to €403.9m for the year to June. In December, the firm launched two new stores in Athens and Bulgarian capital Sofia, bringing its total number of outlets to 41.

"The group managed to achieve this strong performance thanks to its stores in Greece and its department store in Bulgaria, as the ongoing dockworkers strike makes the achievement of a similar performance in Cyprus difficult," the company said.

The firm had anticipated a 17.4 percent rise in sales and a 21.4 per cent rise in net profit. It did not give a figure for net profit.

Jumbo has said it plans to open three more stores in Greece by December 2008 and 11 more in Bulgaria.
(Reuters)

Related

Featured Jobs

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.

Liberty

UK Sales Agents

Liberty House Toys have been appointed as the exclusive UK distributor for the BiOBUDDi brand, and we are pleased to introduce this new unique, innovative and exciting range of 100% environmentally-friendly toy building blocks. We are seeking experienced sales agents with existing network in the toy retail market.

Gameplan Job Logo 620 x 349

Head of Product Development & Marketing

Our client is a privately owned French toy and games manufacturer which sells through distributors in forty countries. The company develops and sells innovative electronic interactive toys and games for the educational and gaming markets, and also takes suitable licenses. To progress its successful business development a Head of Product Development & Marketing is to to recruited.

HIT Entertainment Job Logo 620 x 349

Licensing Systems Administrator

The Contract System Coordinator is a newly created role to support the deal term entry process into Mattel’s new Contract Management System for its Licensing business. The role will support the Business Teams at the Deal & Amendment phase of the contracting process and act in conjunction with the System Administration team.