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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 ...

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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...

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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...

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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...

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Amazon launches new voice-controlled music streaming service

Tuesday 15 November 2016 - Posted by Elias Jahshan

Amazon has continued its rapid expansion in the UK with the launch of a new music streaming service that can be controlled by voice. Known as Amazon Music Unlimited, which will also work on smartphones and tablets, the service is also designed to challenge established music st...

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UK toy sales forecast to smash £3.3bn

Thursday 10 November 2016 - Posted by Elias Jahshan

Toy sales in the UK are expected to exceed a record £3.3 billion this year, with £1.1 billion coming from Christmas sales. According to figures from the Toy Retailers Association (TRA), an average of £105 will be spent on toys this festive season, with a record 400 million toy...

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Toys R Us cast "considerable uncertainty" over post-Brexit UK economy

Monday 24 October 2016 - Posted by Elias Jahshan

Toys R Us has expressed concern over consumer spending in the wake of the Brexit vote as it released flat annual results. The retailer, which operates 78 stores across the UK, recorded sales of $436 million for the year to January, a figure that barely changed from the previou...

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Hamleys profits plunge after £1m takeover

Monday 17 October 2016 - Posted by Elias Jahshan

Heritage toy retailer Hamleys has recorded a 55 per cent slump in full-year pre-tax profits, primarily due to the cost if its takeover by Chinese company C.banner International. According to documents lodged at Companies house, Hamleys’ pre-tax profits dipped to £761,000 compa...

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Costa Coffee concept store trials alcoholic drinks, later opening times

Thursday 13 October 2016 - Posted by Elias Jahshan

High street coffee chain Costa Coffee has launched a trial concept store that sells both coffee and alcohol at the same time. Located on Old York Rd in Wandsworth, south west London, the new concept store offers a selection of alcoholic drinks in the evenings to complement its...

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Game's profits tumble 84%

Thursday 13 October 2016 - Posted by Elias Jahshan

Game has recorded a dramatic fall in earnings this year due to a challenging period for UK retail, but insists its current trading year is in line with its expectations. Pre-tax profits at the video games retailer plummeted by 84 per cent to £4.1 million in the full-year perio...