Greek retailer thriving

Greece's largest toy retailer Jumbo has raised its 2008 growth targets.
Author:
Publish date:
Social count:
0
5_Pocoyo.jpg

The improved forecast is mainly down to strong Easter sales and an expanded store network at home and abroad.

In a stock market filing, Jumbo said it was targeting earnings growth of about 21.4 percent in 2008 after an 18.3 percent sales rise in the 10 months to April.

Earlier in the year, it had said it was targeting earnings and sales growth of up to 15 per cent.

The firm, which also sells stationery and baby clothes, said sales were expected to grow by 17.4 percent in the same period.

Net income and revenues are seen rising to 82.4 million and 402.3 million euros, respectively, according to Reuters calculations.

In December, Jumbo launched two new stores in Athens and Sofia in Bulgaria, bringing its total number of outlets to 41.

It plans to open three more stores in Greece by June 2009 and further penetrate the Bulgarian market by opening up to 12 stores.

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.