"Hornby said group pre-tax profits had risen by 20% to £2.6 million in the first half of the year to September 30 on the back of a similar rise in sales of the Hornby and Scalextric brands to £19 million."
So sales up 20%.
"Sales growth in the UK had come from all distribution channels, and in-store concessions, of which the group now has 121, had grown sales by 60%."
Wait a minute. Total sales up 20%, but instore consession up 60%?
Assuming that means deals like own branded sets in Marks & Spencer and Next, etc, then the hobby shops must be failing big time.
This reflects what I'm told by the few retailers in know. Unless we see a massive boost from Christmas sales I expect many old style hobby shops to go under before the next financial year.
So sales up 20%.
"Sales growth in the UK had come from all distribution channels, and in-store concessions, of which the group now has 121, had grown sales by 60%."
Wait a minute. Total sales up 20%, but instore consession up 60%?
Assuming that means deals like own branded sets in Marks & Spencer and Next, etc, then the hobby shops must be failing big time.
This reflects what I'm told by the few retailers in know. Unless we see a massive boost from Christmas sales I expect many old style hobby shops to go under before the next financial year.
