Indies reap benefits of Woolworths demise

Evening Standard reports independent toy shops have seen sales soar by up to 40 per cent since the collapse of Woolies.
Publish date:

Figures have shown how the ‘Woolworths bounce’ has protected smaller businesses from the economic downturn.

The TRA has reported that every small toy store has seen sales increase by at least ten per cent since the chain went into administration at the end of last year with some experiencing their best-ever start to the year.

Gary Grant, chairman of the Toy Retailers Association, said the pocket money pound is driving sales.

He explained: "It is incredible how well independent stores have done since 15 December, when people stopped being able to find what they wanted in Woolworths.

"Families who popped into Woolies for collectable toys such as Power Rangers and Pony in my Pocket are all going to the local toy shop instead."

To read the full story, click here.


Featured Jobs