Hamleys blames Brexit for toughest year in UK since…1760

World famous toy trader Hamleys has made a £9.2m loss for the year up to 31st December. The year before that they made £1.7m.

They have put the blame for difficult trading down to Brexit and the potential terror threat.

Hamleys is the world’s oldest toy retailer and was forced to shut some of its branches recently. They ceased trading entirely across three markets – Sweden, Denmark and Norway.

“In the UK, 2017 was one of the most challenging years in UK retail history, and Hamleys 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.

Chief executive Ralph Cunningham said: “While our international franchise business experienced good growth, last year was one of the most challenging years in UK retail history,”

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