Toy market news

Studio Retail reports profit increase of 513% to £41.7m

Studio has also seen its revenue increase 33% to £578.6m in what the group describes as a “transformational year”.

“The Covid 19 pandemic showed the resilience and agility of Studio, and we emerge from it a much stronger business,” commented Studio chief executive Paul Kendrick. “The changes over the last few years, to transform Studio into a digital value retailer with integrated financial services, meant we could react quickly to changing market conditions, and deliver record levels of growth in sales, profit and customer numbers.”