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Tag Archives: lead

Funko’s “very strong first quarter” sees sales grow 22 per cent

Funko continues to go from strength to strength, having just seen its net sales grow 22 per cent to $166.8 million in its first quarter trading results. In what the company’s CEO has cited as a “very strong quarter,” for the pop culture and collectables specialist, it looks to be …

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LEGO, Spin Master among big names returning for Toy Fair 2020

Toy Fair 2020 is shaping up to be “another busy and vibrant show,” say organisers who have seen an 84 per cent re-booking rat just three months after this year’s show. It’s a marked increase on the rate of re-booking this time last year. A successful sold-out Toy Fair 2019 …

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Cozmo and Overdrive firm Anki ‘to lay off entire staff and close down business’

Anki, the robotics company behind the likes of Cozmo and Anki Overdrive is laying off its entire staff and shutting up shop, according to reports from The Verge and Recode. In a meeting on Monday morning, CEO of the US company, Boris Sofman told staff that all jobs would be …

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Mattel sales buoyed by Barbie, Hot Wheels and Jurassic World as infant declines

Barbie, Hot Wheels, Jurassic World and the excitement around this year’s Toy Story 4 release have helped Mattel to better than expected first quarter financials, with smaller losses and improved gross margins. While net sales dropped three per cent to $689.2 million the fall in sales was less than expected, …

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Transformers and Magic: The Gathering help Hasbro shake-off the Toys R Us effect

The Transformers franchise and the tabletop phenomenon Magic: The Gathering have helped Hasbro to first quarter profit as the global toymaker’s revenues exceed forecasts. Net revenues have jumped two per cent from one year ago to hit $732.5 million, marking the first of such increase in six consecutive quarters. The …

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Sainsbury’s and Asda merger blocked by CMA

The Competition and Markets Authority, the UK’s competition watchdog, has blocked Sainsbury’s and Asda’s £10bn merger. The body blocked the move by the UK grocery giants after finding that it would lead to increased prices in stores, online and across petrol stations. The CMA said that it believed shoppers would …

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Britain’s consumer spend is rising despite Westminster and Brexit turmoil

Britain’s consumer spending has grown 1.1 per cent in March, despite the fears that the still ongoing Brexit drama would send it plummeting further. Figures from the Office for National Statistics show that consumers might have just shrugged off recent political events to ignore Westminster’s turmoil and hit the high …

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“If you build it, they will come”: Fiesta Craft’s Rob Trup on the retail experience

Retail can be tough at the moment. Customers are stepping less often into shops and their minds progressively retrained by the net sellers to think primarily about online shopping. Even if they do show up, some cheekily use you as a showroom simply to go away and order products on …

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