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Hamleys magic coming to Nigeria with new Lagos store

Friday 03 February 2017 - Posted by Elias Jahshan

British toy retailer Hamleys has just announced it would open its first store in Lagos, Nigeria. The heritage brand’s new store will open in the summer of 2017, and will be the latest addition to to Hamley’s international estate of 107 stores across 24 countries such as China,...


Waterstones records first annual profit in 8 years

Thursday 02 February 2017 - Posted by Elias Jahshan

Waterstones has achieved its first annual profit since the 2008 financial crisis, according to its full-year trading update. The bookseller chain recorded a £9.8 million pre-tax profit in the year to April 30, 2016, a contrast to the previous year when it posted a £4.5 million...


HMV to close iconic Oxford Street flagship

Thursday 02 February 2017 - Posted by Ben Stevens

London’s Oxford Street will lose its iconic HVM flagship store, following a 96-year residence. Landlords of the building are reported to have commenced negotiations to surrender the lease through property agent Savills, according to Property Week. The famous high street staple...


UK toy retail market now worth £3.5bn

Wednesday 25 January 2017 - Posted by Elias Jahshan

The UK toy retail market is now worth a record-breaking £3.5 billion, according to new figures. Research from the NPD Group and the British Toy and Hobby Association indicate that the UK toy sector saw a 6.3 per cent rise in sales last year, bringing its total value to more th...


Physical entertainment retail suffers tough Christmas

Monday 23 January 2017 - Posted by Elias Jahshan

There may be a resurgence in vinyl sales but new figures show that this is not doing enough for the entertainment retail sector, which experienced a tough Christmas. The latest data on the physical entertainment market from Kantar Worldpanel has revealed a tough fourth quarter...


Game's UK sales plunge 18.3%

Wednesday 18 January 2017 - Posted by Elias Jahshan

Sales at electronic games retailer Game took a bit of a tumble in the 23 weeks to January 7, with its gross transactional values (GTV) in the UK dropping by 18.3 per cent. Across the company, GTV went down by 6.3 per cent in the same 23 week period, but in the seven-week Chris...


Gear4Music rocked by record sales

Friday 06 January 2017 - Posted by Elias Jahshan

Strong own-brand and international sales has helped musical instrument retailer Gear4Music record a surge a like-for-likes in the run-up to Christmas. Following continued strong growth in the UK and Europe, the online retailer raked in £24.38 million in total sales during the ...


David Bowie leads 2016 vinyl sales renaissance

Tuesday 03 January 2017 - Posted by Elias Jahshan

It may be almost a year since he died, but David Bowie has helped provide a 53 per cent boost in vinyl sales in 2016. Led by his album Blackstar, vinyl sales reaches 3.2 million, the highest number of LPs sold since 1991. Bowie had four other albums in the top 30 for vinyl: Th...


Game rolls out in-store dedicated gaming areas

Tuesday 20 December 2016 - Posted by Elias Jahshan

Video game retailer Game has started rolling out a dedicated gaming area in its stores, with plans to introduce more as part of its turnaround plan. Known as Belong, the leisure experience brings video-gaming to the high streets, shopping centres and communities nationwide. It...


Vinyl outsells digital downloads for the first time

Tuesday 06 December 2016 - Posted by Ben Stevens

Vinyl retail sales have outpaced digital music album downloads for the first time in history. Last week, music retail saw one of the most significant milestones since the digital revolution as more money was spent on vinyl than music downloads, according to new figures. The En...