Industry buying group, Toymaster has lauded the resilience of the Toymaster Membership, having seen group purchases rise 4.4 per cent of the first half of the year compared to 2017.
The outfit has championed the strength of its growing number of members for having faced down NPD results reflective of a nine per cent decrease in toy sales for year to date end of May.
“It shows the importance to suppliers and the resilience of the Toymaster Membership,” said Toymaster MD, Ian Edmunds. “In addition, in this post Toys R Us world, I am confident that both the group and our members will have a most successful run into Christmas.”
Last week, Toymaster outlined its position with regards to the demise of Toys R Us, declaring this the right time for independent retailers to ‘swoop in on the gap left in the market place.’
Edmunds suggested that in order for independent specialist retailers to do so however, being a part of a buying group like Toymaster was the clearest route to success.
It stated that the removal of the toy giant from the marketplace has allowed space for toy retailers to open stores in locations now devoid of a destination toy shop.
In a display of confidence in its own expansion, the group named former Toys R Us and Early Learning Centre veteran, Brian McLaughlin its new retail manager.
He will assist Toymaster’s membership to trade more profitably by ensuring they make the most of the Toymaster buying group.