The Limited Times

Now you can see non-English news...

Toy stores: 770 million euros in shortfall if they remain closed by Christmas

2020-11-09T06:59:43.093Z


Reconfinement threatens the toy industry if stores cannot reopen before the end of the year holidays, says a study by N


A few weeks before Christmas, toy stores are playing their game for survival.

“While the toy had finally recovered from the losses linked to the first containment and ended in the green at the end of October (+ 0.4%), the reconfinement again upsets a fragile balance,” underlines a press release from the NPD Group.

Between November and December, the toy sector achieves 48% of its annual sales, according to the cabinet.

These sales linked to the end of the year celebrations represent 1.7 billion euros.

If the specialized stores and the toy departments of supermarkets remain closed during this period, the sector will suffer "a shortfall of 770 million euros".

“Two thirds of Christmas sales come from hypermarkets / supermarkets and specialist stores,” explains Frédérique Tutt, an expert in the toy sector within the NPD Group, quoted in the press release.

“Of course,

Click and Collect

and online sales remain an option, but it will not be enough to meet demand.

"

" The situation is serious "

Because this type of sale requires "more time and staff" from businesses and "carriers will be overloaded," she told AFP.

"The time is serious for the toy sector and the repercussions of this crisis should have a national impact, affecting more particularly local players and small French manufacturers", concludes the cabinet.

READ ALSO>

Containment and Christmas shopping: toy stores play their survival


The government has imposed the closure of "non-essential" businesses, including toy distributors, as part of the re-containment aimed at combating the spread of the coronavirus epidemic.

He then forced large stores to close their “non-essential” shelves in the name of “fairness”.

Faced with this situation, traders from all sectors have stepped up to the plate.

They demand the reopening of all businesses from November 13.

Newsletter "It pays me"

The newsletter that improves your purchasing power

I'm registering

Your email address is collected by Le Parisien to enable you to receive our news and commercial offers.

Learn more

VIDEO.

Closure of "non-essential" departments: "If Amazon wins, it doesn't make much sense"

Source: leparis

All business articles on 2020-11-09

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.