Tag: brexit

The Entertainer doubles containers into the UK ahead of Brexit deadline

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The Entertainer has doubled the amount of containers it generally brings into the UK this time of year to make sure stock was in spot ahead of any no-deal Brexit.

The UK toy retailer has stockpiled one hundred container loads of paddling pools, slides, wheelbarrows and other toys to ensure there have been no shortages this summer time, need to hold-ups at ports happen following the country’s UK Brexit deadline.

There will be no shortage of toys in the UK,” mentioned Gary Grant, managing director and founder of The Entertainer. The things we ship from the far east, w have brought the containers forward to make sure we have adequate stocks. It might take 3 months for factors to settle down [soon after Brexit]. The second greatest time for getting toys is Easter.”

The Entertainer has shipped its own-label things early. Grant now expects toymakers with European distribution centres such as LEGO or Playmobil to present their personal plans.

Sales at The Entertainer have been up by a lot more than ten per cent over Christmas as it benefitted from the collapse of Toys R Us last year.

We have had a shiningly very good year,” he told the Guardian. We believe in the higher street and the higher street is nowhere close to dead. Our industry share is expanding and going into 2019 we are as optimistic as we can be with Brexit looming.”

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Toy Fair 2019: Brexit fears hit retail but UK toy marketplace stands firm

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Brexit is still taking its toll on retail, the NPD has stated as it revealed that toy sales had dropped seven per cent for the year compared to the 12 months prior.

The Group confronted the matter that high street retail has been especially tough over 2018, yet regardless of the fall in sales figures, the UK held its own as the quantity one toy market in Europe.

Frederique Tutt of The NPD Group told London toy Fair attendees at a press briefing this week that even though sales had seen a drop of seven per cent on the year prior, the UK toy market place nevertheless brought in an impressive £3.3 billion.

Highlights inside the marketplace incorporate collectables that grew 32 per cent with one particular in each and every 4 toys bought being a collectable figure, squishy or MGA Surprise.

“Brexit is still taking its toll on retail and the current mood on the high street,” mentioned Tutt. “But if you look to France and the US, political uncertainty is also getting an effect.

“Toy specialists have done an amazing job at adapting, soaking up a big portion of `[Toys R Us’] enterprise, and offer shoppers much better toy purchasing experiences.”

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Construct a Bear Workshop lowers complete year income forecast as Brexit looms

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Unresolved concerns around Brexit have forced Construct a Bear Workshop to decrease its complete year income forecast.

The UK’s planned exit from the European Union this March has ‘negatively impacted consumer confidence,’ the company has stated amid its current announcement.

As a outcome, it now expects sales outside of the US marketplace to drop by in between 17 per cent and 20 per cent, ‘largely isolated to the UK.’

Other factors have also affected revenues like currency exchange prices and the introduction of the EU Basic Data Protection Regulation which has impeded our marketing and advertising communications.”

It also mentioned that sales of themed stuffed toys had fallen due to significantly fewer loved ones-centric, character based movies.”

For the complete year for February 2nd 2019, income is now forecast to attain among $335 million and $340 million. That compares to earlier expectations of in between $340 million and $345 million.

However, Construct a Bear expects sales to enhance this year with the release of the film How to Train Your Dragon: The Hidden Planet and the sequel to the popular animated movie Frozen.

Build a Bear chief executive Sharon Value John, stated: We continue to think that the Create a Bear brand remains robust.”

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