Toymaster 'sustainable for foreseeable future' following suppliers meeting

Group revealed its latest accounts have seen a slight drop in both turnover and gross profit.
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At the most recent Toymaster suppliers meeting, the group revealed its latest accounts have seen a slight drop in both turnover and gross profit, but remains "sustainable for the forseeable future".

Toymaster had to deal with the administration of Conways just before Christmas, but ensured all suppliers were paid in full.

Toymaster's Roger Dyson and Ian Edmunds also informed suppliers that seven of the top 10 members traded up, one traded even and two traded down.

Looking further out, 22 of the top 50 members traded up, two traded even and 26 traded down.

It was also revealed that eight of the top ten Toymaster members were not members in 2006, and three of the top ten are online only.

The meeting also served to update suppliers on what Toymaster has been up to in the two years since the last meeting.

Alongside the launch of the Toymaster Online Training Scheme, Toymaster has also placed a greater emphasis on PR with its Toby mascot via Toby for Charity and Toby's Top Toys initiatives.

The buying group has also reintroduced the Toymaster Web Forum and provided its own answer to Click and Collect with Ring and Reserve.

Toymaster also issued a plea to suppliers to rebalance terms packages to focus more on a pay for performance approach.

Dyson also stated the need for a craze this year, hoping, somewhat optimistically, that England lifts the World Cup this summer.

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