Entertainment
The latest news, updates and analysis on the entertainment segment of the the UK retail industry. Sign up to the Daily Briefing and let Retail Sector’s business journalists keep you in the picture.
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Oct- 2023 -6 October
The Entertainer to recruit 800 temporary staff for festive season
Toy retailer The Entertainer has announced a festive recruitment drive that will fill up to 800 new temporary seasonal roles across its network of UK stores. Contracts are currently available and vary from eight to 20 hours per week. The Entertainer’s seasonal roles are ideal for those seeking flexible shifts…
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Nov- 2022 -15 November
Gear4music falls to HY loss despite uptick in revenues
Musical instrument retailer Gear4music has slipped to a half year loss despite reporting a 2% increase in revenues. For the trading period ending 30 September 2022, the company posted a net loss of £1.1m which is a 2.2% decrease compared with the previous year. It said the loss comes as…
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Jul- 2022 -13 July
Lego ‘indefinitely’ halts operations in Russia
Lego will cease its commercial operations in Russia after previously pausing shipments to the country back in March. In a statement to Retail Sector, a spokesperson said: “The LEGO Group paused shipments to Russia in March. Given the continued extensive disruption in the operating environment, we have decided to indefinitely…
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Aug- 2021 -24 August
Macy’s provides Toys“R”Us return to US
Fashion clothing and accessories retailer Macy’s has announced a partnership with WHP Global to bring Toys“R”Us back to operation in the US. The roll out has initially taken place on Macy’s online platform, and is set to extend across over 400 Macy’s shops nationwide in 2022. In addition to the…
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Jul- 2021 -21 July
HMV to open 10 high street sites
HMV, the music and entertainment retailer, reportedly intends to launch 10 new shops across the UK this year. According to the BBC, the plans include the opening of a new London flagship site, following the closure of its former Oxford Street flagship as the group collapsed into administration over two…
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Jun- 2021 -18 June
Waterstones FY20 revenues decline 4.3% to £376m
Waterstones has reported a 4.3% year-on-year decline in revenues to £376m for the 52 weeks ended 25 April 2020. The books retailer also saw a contraction in profits after tax, falling 8.3% from £22.7m in FY19 to £20.8m in FY20. For consecutive years, no dividend was paid or declared during…
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11 June
Hornby sales soar as lockdown drives hobbies
Hornby has announced that revenue soared by 28% to £48.5m in the year ended 31 March 2021, up from £38.7m the year before, as lockdown saw that the “old adage that people turn to hobbies in times of recession proved correct”. The group returned to profit for the first time…
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Mar- 2021 -18 March
Toys ‘R’ Us acquired by WHP Global
Tru Kids, the parent company of Toys “R” Us, has announced that WHP Global, a brand acquisition and management group, has acquired a controlling stake in the firm. The deal will include WHP’s takeover of Toys “R” Us, Babies “R” Us, Geoffrey the Giraffe, and 20 other related brands. Operating…
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Oct- 2020 -29 October
Hornby returns to profit as revenue surges 33%
Hornby has made a return to profitability in the first half of its financial year. The hobby products company, specialising in model trains, has increased its revenue by 33% to £21.1m following a business restructuring and new product launches. The business reported a statutory pre-tax profit of £17,000 compared to…
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21 October
Geek Retreat plans on opening 100 more stores
Games and fantasy company Geek Retreat has confirmed its plans to open another 100 stores over the next two years according to the BBC. The new 100 store plan is predicted to create around 600 new jobs. The retailer said it plans on opening sites in Bournemouth, Northampton and Liverpool…
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