Hamleys profit skyrocket with new stores in sight

Hamleys on Thursday announced a 250 per cent leap in pre-tax profits as the famous retailer continued to expand its presence in the UK and overseas.

Pre-tax profits for the year to 31 March rose more than 250 per cent to £2.3 million for the toy specialist, with sales in the UK and Ireland up 3.8 per cent on last year in total and 6.3 per cent on a like-for-like basis.

With its flagship Regent Street store considered a major attraction for London tourists, Hamleys is said to be planning to further expand its presence overseas, adding eight stores outside of the UK in the past year.

The results come just three months after French rival Ludendo bought Hamleys for £60 million from Landsbanki in September. Trading across 300 stores in Europe and with a turnover in excess of £500 million, Ludendo’s operation stretches across Europe and North Africa, leaving it well versed in international expansion.

Share this:

About Jessica Priston

Ut tellus dolor, dapibus eget, elementum vel, cursus eleifend, elit. Aenean auctor wisi et urna. Aliquam erat volutpat. Duis ac turpis. Integer rutrum ante eu lacus. Vestibulum libero nisl, porta vel, scelerisque eget, malesuada at, neque. Vivamus eget nibh. Etiam cursus leo vel metus. Nulla facilisi. Aenean nec eros.

  • Website
  • Google+
  • Rss
  • Pinterest
  • Instagram
  • LinkedIn
  • Vimeo
  • Youtube
  • Flickr
  • Email

Related News

  • Karl Lagerfeld is plans to launch his first flagship store in UK

    Karl Lagerfeld is planning to launch his first flagship store in UK on one of the major shopping streets in West End of London, 145-147 Regent Street. Expected to open its doors on March 14, the brand new store will be the luxury fashion designer&

  • Smiggle to opens a new store in Brighton

    Australian stationary retailer Smiggle has opened a new store at Churchill Square shopping centre in Brighton as it continues its expansion across the UK. The store, which sells colourful stationary for 6-13 year-olds, will mark the firms first op

  • H and M open first standalone UK store

    The H&M-owned Cheap Monday which prides its self as selling “high level design at a low price” is to open its first standalone UK store today on London’s trendy Carnaby Street. The clothes retailer- which currently has conc

  • H&M opens new Texas flagship Store
    H&M opens new Texas flagship Store
    July 01, 2014 5:50 am

    The newest H&M store in the state covers 24,000 square feet and stands in Austin at The Domain – a high-end retail complex. The store will stock menswear, womenswear and childrenswear with separate areas for accessories, maternity wear