Tag Archives: Retail

UPDATED: Debenhams to close all 124 stores as JD Sports rescue talks are terminated

Debenhams is to wind down the business and close all 124 stores after JD Sports ended discussions over a rescue deal for the struggling department store chain. Rescue talks ended between the two companies following the collapse of Arcadia Group yesterday afternoon. The latest developments now puts 12,000 high street …

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OnBuy named eCommerce Company of the Year at 2020 UK Business Tech Awards

The online marketplace, OnBuy.com has been named eCommerce Company of the Year in the 2020 UK Business Tech Awards. The awards were created to celebrate the best tech businesses from around the UK, with awards being presented to the most innovative and exceptional. The accolade is another landmark in the rise …

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The Good Toy Guide launches its own e-commerce platform ahead of Christmas

The Good Toy Guide, founded by Dr Amanda Gummer and known for its trusted product reviews, has expanded its business to offer a one-stop-shop for users, in preparation for the busy festive season. The comprehensive resource now includes a streamlined checkout option for busy parents and shoppers, shipping toys directly …

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“Innovation is key to keeping the spirit of Christmas alive,” says TIE’s Sanjay Luthra in open letter to the toy industry

Innovation will be the key to keeping the spirit of Christmas alive in the face of widespread social distancing measures this festive season, says Sanjay Luthra, chairman of Toy Industries Europe and MD of Mattel EMEA, who has heaped praise on an adaptive industry for its embrace of the online …

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Funko CEO Brian Mariotti praises global teams amid ‘challenging 2020’ as Q3 sales dip 14 per cent

Despite a decrease of 14 per cent in net sales in its third quarter financials year on year, Funko’s CEO Brian Mariotti has praised the efforts of the pop culture specialist’s international teams in its executions throughout a challenging 2020, and believes the firm is ‘well-positioned for the Holiday season’ …

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Jazwares to launch the UK’s first plush play-sets this December with Squishville

Jazwares is looking to break the mold in the UK’s plush market with the launch of Squishville, an extension of the popular Squishmallows brand that brings the first all-plush play-sets to the UK retail scene this December. The colourful and squishy brand extension follows the international success of its Squishmallows …

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Sainsbury’s to close 420 Argos stores amid plans to save £600 million by 2024

A total of 420 standalone Argos stores are to be closed by March 2024, the super market giant and owner of the Argos store brand, Sainsbury’s has confirmed, amid news that it is to cut 3,500 jobs across its portfolio. The retail giant’s boss Simon Roberts said that the move …

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OPINION: All trick, no treat – but lockdown is one ghoul that the toy retailers will defeat

Saturday’s announcement from Prime Minister Boris Johnson couldn’t have been better timed; like a ghoulish trick played on the nation’s retailer scene, it tossed the proverbial egg at the window of the UK’s population of independent traders in true Halloween style. But, says Steve Reece – if the year 2020 …

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Overriding the Amazon Default: How can independent toy shops survive Lockdown II?

The online-meets-physical retailing solution, Click and Collect has been the saviour of many independent toy shops over the course of the year, helping local businesses negotiate closed doors and a locked-in nation as the fight against coronavirus ensued. In the days following PM Boris Johnson’s announcement of a national lockdown …

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TikTok makes major move into ecommerce with Shopify partnership

The social media giant, TikTok is making its biggest push into e-commerce to date thanks to a new partnership with Shopify that will allow its retailers to begin advertising and selling goods through the platform. Shopify, which already provides the e-commerce platform for over 800,000 brands, will allow its merchants …

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