Store-level sales across toy industry ‘disappointing’ in October, Spin Master says

📆 2-11-2023 21:04:00
📰 globeandmail

⏱ Reading Time:
33 sec. here
2 min. at publisher
📊 Quality Score:
News: 16%
Publisher: 92%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

Toronto-based toy manufacturer’s chief financial officer says the trend is pushing retailers to be more conservative when placing orders

executive says store sales across the toy industry in October were disappointing and well below retailers’ expectations.Mark Segal says stores have started reducing their orders slated for November and December delivery to prevent potential overstocking.

Despite the challenging environment, Segal was optimistic about his company’s performance because its supply chain economics have stabilized and he’s bullish about some recent deals. Spin Master last month announced a $950 million purchase of Melissa & Doug, a Wilton, Conn.-based company known for its wooden and sustainable toys.

Spin Master, which is also behind the Paw Patrol brand, also said it had reached an agreement for the global toy licence for Dora, the new reboot of the “Dora the Explorer” franchise coming next year.Market data values update automatically. Checking box will enable automatic data updates.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

Schrijf commentaar

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Store-level sales across toy industry 'disappointing' in Oct: Spin MasterTORONTO — A Spin Master Corp. executive says store sales across the toy industry in October were disappointing and well below retailers' expectations.
Bron: SooToday - 🏆 8. / 85 Lees verder »