{"id":3183,"date":"2018-10-12T12:31:26","date_gmt":"2018-10-12T12:31:26","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/hamleys-reports-toughest-year-since-1760\/"},"modified":"2018-10-12T12:31:26","modified_gmt":"2018-10-12T12:31:26","slug":"hamleys-reports-toughest-year-since-1760","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/hamleys-reports-toughest-year-since-1760\/","title":{"rendered":"Hamley’s reports toughest year since 1760"},"content":{"rendered":"\n
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\"Hamleys\"Image copyright<\/span>
\n Ben Pruchnie\/Getty Images<\/span><\/p>\n

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Profits at toy store Hamley’s plunged more than 600% with the the firm blaming factors such as Brexit and the threat of terrorism for the drop. <\/p>\n

The firm made a \u00a39.2m loss for the year to 31 December, having made a \u00a31.7m profit the previous year.<\/p>\n

Hamley’s, the world’s oldest and largest toy shop, said it closed some stores and left certain markets “with little prospect of growth or scale.”<\/p>\n

It added that it had the backing of its Chinese owner, C.Banner.<\/p>\n

“In the UK, 2017 was one of the most challenging years in UK retail history, and Hamley’s was not immune to the impact of Brexit uncertainty, terrorist attacks, macroeconomic pressures and a general erosion in UK consumer confidence,” the firm said in accounts filed at Companies House<\/a>.<\/p>\n

It said the retail environment in 2017 was “difficult”, with higher costs, rents and rates, and adverse foreign exchange rates.<\/p>\n

Hamley’s said there had been “softening” consumer confidence and the threat of terrorism had resulted in reduced the number of shop visitors.<\/p>\n

It opened four stores in the UK, but closed two.<\/p>\n

The firm added that the UK retail outlook “remains challenging in 2018” as spending continues to be hit by “unprecedented consumer uncertainty”.<\/p>\n<\/p><\/div>\n


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Source<\/a> by [author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Image copyright Ben Pruchnie\/Getty Images Profits at toy store Hamley’s plunged more than 600% with the the firm blaming factors such as Brexit and the threat of terrorism for the drop. The firm made a \u00a39.2m loss for the year to 31 December, having made a \u00a31.7m profit the previous year. Hamley’s, the world’s oldest … <\/p>\n","protected":false},"author":0,"featured_media":3184,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3183","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/3183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=3183"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/3183\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/3184"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=3183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=3183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=3183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}