news
Next steps of Mothercare’s restructuring review underway
Toy World has learned that the next steps of Mothercare’s transformation and growth programme will involve process and organisational changes at many of its offi ces across the UK and Asia. Some of these changes could result in a reduction in the number of roles available, however, the company has said that it aims to minimise job losses as far as possible. A Mothercare spokesperson confi rmed that CEO Simon Calver “held a business update regarding Mothercare’s transformation and growth plan”, and that “part of this work involves an organisational review”. The spokesperson added that the company would refrain from further comment until the results of the review had been “communicated to [its] colleagues within Mothercare and Early Learning Centre”.
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Early details revealed for 2014 Toy Fair
The 61st fair will occupy the complete Upper West Hall creating an extra 1,500m2 to accommodate the ever-increasing demand for exhibition space, with Hasbro and Bandai confi rmed to have ‘anchor’ stands in the newly expanded area. In 2013 the newly extended gallery level was partly occupied by a bespoke event space hosting the 2012 Industry Awards for a special one-off anniversary location. Toy Fair 2014 is already approaching capacity with just 26% exhibition
space remaining on the upper level and 6% left on the ground fl oor. For enquiries regarding booking space at next year’s show please contact Simon or Chris on 020 7701 7127 or email
simon@btha.co.uk.
Home Retail Group reports Argos sales rise
Argos has seen growth in its like-for-like sales for the fi rst time in fi ve years, the retailer’s parent company Home Retail Group has reported. Sales at Argos for the 12 months to the beginning of March 2013 totalled £3.9b, up slightly on a year earlier. However, the group’s other major business, Homebase, has continued to struggle. As a result
Home Retail’s underlying pre-tax profi ts fell for the fi fth year in a row, falling to £91.1m from £101.6m a year ago. Chief executive Terry Duddy said that the results were “a good outcome” in what has been “a challenging year”.
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