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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Sep- 2020 -3 September
Lego reports double-digit growth in H1
The Lego Group has reported that revenue rose by 7% to DKK 15.7bn (£1.87bn) in the six months ended June 30, 2020. In the same period, consumer sales grew by 14% against the year before, while operating profit was DKK 3.9bn (£466m), an increase of 11% against the first half…
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Aug- 2020 -20 August
The Rolling Stones to open flagship Carnaby Street store
The Rolling Stones have announced they will officially open their first flagship store in London next month. The RS No. 9 Carnaby will now launch on Carnaby Street on 9 September. The venture has been created in partnership with Bravado, Universal Music Group’s merchandise and brand management company. The store…
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4 August
Dixons Carphone to axe 800 jobs
Dixons Carphone is set to axe 800 management roles in a bid to restructure and streamline the company. The Currys PC World owner confirmed it has now begun a consultation process with affected employees. It comes as the group is looking to shake up its management structure. It now plans…
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Jul- 2020 -30 July
Game sells Belong arenas to Vindex in $50m deal
Mike Ashley’s Game Digital has revealed it is set to sell its Beyond Esports gaming arenas to US-based start-up Vindex in a deal worth $50m (£38.5m). The deal sees Vindex acquire the Belong Gaming Arenas brand and all associated IP from the largest video games retailer in the UK and…
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Mar- 2020 -6 March
Lego outperforms wider toy market, confirms plans for 150 new stores
Toy giant Lego has defied the wider toy market by recording a “strong” sales and profit performance while also confirming plans to open a further 150 physical stores in 2020. For the full-year ending December 2019, The Lego Group announced that revenues increased by 6% to DKK38.5bn (£4.4bn). Consumer sales…
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Jan- 2020 -6 January
HMV to close three stores and warns of more if rent negotiations fail
HMV has confirmed that three of its stores will close this month and has warned that a further 10 could close if rent negotiations with landlords fail to secure improved terms. In a statement released over the weekend the music retailer revealed it will be closing its Bury St Edmunds,…
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3 January
UK music sales hit 14-year high
2019 marked the fifth consecutive year of growth in the consumption of recorded music in the UK, according to figures released by the British Phonographic Industry (BPI). The equivalent of 154 million albums were either streamed, purchased on physical formats or downloaded – up by 7.5% in volume on the…
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Oct- 2019 -11 October
HMV opens Europe’s largest entertainment store in Birmingham
HMV has opened a new 25,000 sq ft megastore in Birmingham, making it the largest entertainment store in Europe, as its new Canadian owner attempts to kick off its revival. The HMV Vault, will be home to approximately 80,000 CDs, 25,000 vinyl albums, 40,000 DVDs and 20,000 Blu-ray discs, as…
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May- 2019 -30 May
Microsoft’s flagship store to open on 11 July
International technology and software company Microsoft is set to open its first physical retail store in Oxford Circus, London on 11 July. As well as getting access to new products, the store will feature an answer desk, offering a dedicated area for customers to get tech support, training, repairs and…
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15 May
Physical entertainment market falls by 17%
The retail market for physical entertainment declined by 17.4% during the 12 weeks to 7 April, attributed to a decline in shopper numbers, fewer major gaming and music releases and store closures for HMV. The research by Kantar showed that physical stores grew their share of the gaming market for…
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