// The Entertainer posts rise in profits & sales in 2018
// Sales increased by £37.3 million to £204.4 million
// Pre-tax profits increased by 29 per cent to £14.7 million
The Entertainer has recorded rising sales and profits after banking a £2.6 million dividend.
The toy retailer’s founders, husband and wife Gary and Catherine Grant, took the payout after pre-tax profits increased by 29 per cent to £14.7 million last year, The Sunday Times reported.
Sales increased by £37.3 million to £204.4 million during the period.
- The Entertainer hires new chief transformation officer as it targets growth
- The Entertainer partners with The National Autistic Society for Autism Hour
The Grants said they give 10 per cent of profits to charity.
The Entertainer currently has over 160 stores and has capitalised on the downfall of rival Toys R Us, which collapsed last year.
The Entertainer also expanded its portfolio by acquiring the struggling Early Learning Centre from Mothercare for £13.5 million last March.
The toy retailer said it refuses to open on Sundays or sell Halloween or Harry Potter toys after Gary Grant turned to religion in 1991.
“I’m accountable to God, not to shareholders,” Grant said.