ToyNews Toy industry news: business, marketing, retail, wholesale and distribution
Retailers are being invited to apply for a place on Brand Licensing Europe’s 2021 Retail Mentoring Programme, with the offer of participation in the free-to-attend course being extended to retailers from Europe as well as the UK, for the first time. Made possibly by the organiser’s adoption of a fully …
Read More »Disney, John Lewis, and Argos join BRC charter of 55 retailers with pledge for better diversity and inclusion
More than 50 major retailers, including The Disney Store, John Lewis, Argos, and The Very Group have signed to a new charter to take ‘decisive action’ to improve their diversity and inclusion practices. It follows research from the British Retail Consortium that discovered that seven out of ten (around 69 …
Read More »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 …
Read More »Declining toy and gaming sales bring lower Christmas results for Sainsbury’s
Toy and gaming sales are in year on year decline at the grocery giant, Sainsbury’s, despite having seen Argos achieve its biggest Black Friday to date. The supermarket has cited record sales through mobile and via Argos Click and Collect throughout the Q4 2019 trading period, in which 32 million …
Read More »Sainsbury’s will close 125 stores but open plenty more with Argos branch moves planned
Sainsbury’s may be closing 125 stores across its portfolio of supermarkets, convenience stores and Argos branches, but will be opening even more across new locations in which its presence will make ‘a larger impact on the firm’s operations.’ The grocer has said that it expects to close up to 15 …
Read More »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 …
Read More »Sainsbury’s opens ‘experimental’ store in Selly Oak with revamped toy department
The store has been ten years in the making and ams to give shoppers an entirely new experience with food courts, branded areas and a keen emphasis on toys.
Read More »Asda-Sainsbury’s merger to put squeeze on suppliers warn MPs
MPs from two parliamentary committees have called on a competition regulator to examine the merger's effect on suppliers.
Read More »Sainsbury’s and Asda merger confirmed to make an entity larger than Tesco
The deal between the UK’s second and third largest supermarket chains would create a new group with huge share of the market in food, clothing, household goods and toy retailing.
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