Find in the news:
BY COUNTRY

Hamleys Loses 500% Of Profits And Leaves The International Markets



The retailer announced the cessation of operating activities in three markets at once.
Hamleys

Over the past year, the retailer has closed a number of stores, and also announced the cessation of operating activities in three markets at once.

The British toy seller Hamleys, which has been leading its history since 1760, continues to experience serious problems both in the domestic and international markets. Over the past year, the retailer lost more than 500% of the profits. According to the results of the past twelve months, Hamleys net loss amounted to $ 12 million against 2.6 million profit a year earlier. The company partly attributed its losses to macroeconomic factors, such as Brexit, and also blamed terrorism.

Outside the UK, Hamleys is doing badly: over the past year, the retailer has closed 6 of its own and 4 franchised stores and also announced that it has stopped operating in three markets at once - in Denmark, Norway, and Sweden. The decrease in the number of shopping facilities, which has reached 29 of its own and 100 partner ones, is explained in the company by a decrease in the overall level of sales. According to the company, failures in terms of business transformation led to a sharp decline in profits.

Hamleys Loses 500% Of Profits And Leaves The International Markets

“While our international franchises have shown good growth, overall, last year was one of the most difficult in the history of the company,” commented Ralph Cunningham, a chief executive officer of Hamleys. According to him, the company was not insured against the negative impact on trade by Brexit, the general erosion of confidence in consumption and reduced purchasing power due to the threat of terrorism.

At the same time, Cunningham notes, 2017 is over, and the plan for transforming the company is moving in the right direction in order to return the business to profitability next year.


More about shopping malls in the United Kingdom



Nov 14, 2018, France:
Growing demand for destination shopping underpins McArthurGlen’s €1 billion development pipeline.
Nov 8, 2018, Poland:
One of the last large commercial plots in the city is being built as part of a mixed-use facility.
Nov 6, 2018, USA:
Taubman unveils $500 Million reimagination of iconic Beverly Center Reinventing Retail & Dining in Los Angeles, CA.
Nov 2, 2018, United Kingdom:
The digitally-enhanced playground will provide immersive Hans Christian Andersen play experiences.
Nov 1, 2018, USA:
Retail and dining concepts complement Burlington, DICK's Sporting Goods and Edge Fitness in replacing the former Macy's box.
Oct 26, 2018, United Kingdom:
Over 50 stores, cafés, and restaurants to open at King's Cross' new shopping district in London.
Friend
and Follow
I Viali GLA:452 084 SF
ADDRESS: Via Dei Cacciatori 111 - 10042 Nichelino TO - Piemonte
Italy . Torino
I Viali
Mall of Scandinavia GLA:1 087 155 SF
ADDRESS: Evenemangsgatan 11 169 56 Solna
Sweden . Stockholm
Mall of Scandinavia
Aviapark GLA:2 475 699 SF
ADDRESS: ul. Aviakonstruktora Mikoyana, 10
Russia . Moscow region
Aviapark
FAN Mallorca Shopping GLA:592 015 SF
ADDRESS: C/ Cardenal Rossel, S/N. 07007 Palma de Mallorca
Spain . Palma
FAN Mallorca Shopping


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us