Lego reports first sales fall in 13 years, saying ‘there is no quick fix’ Toy firm admits it will take some time to return to growth after cutting more than 1,400 jobs Rupert Neate
When the Lego NASA Apollo Saturn V set came out last yr it took me a long time to find it. Once I built it though, I realized it’s the best Lego build I have ever seen. A good value too.
Lego reports first sales fall in 13 years, saying ‘there is no quick fix’ – The Guardian. Read the full article from Business – Google News
Toy firm admits it will take some time to return to growth after cutting more than 1,400 jobsLego has reported its first drop in sales and profits in more than a decade as children ditch its plastic bricks for more modern toys.The family-owned Danish company said on Tuesday that its 2017 sales declined by 8% to 35bn Danish kroner (£4.2bn) following a “challenging year” during which it
Watch video · Toymaker Lego reported its first sales fall in 13 years Tuesday, with CEO Niels B. Christiansen saying there would be no «quick-fix» for the company.
Mar 06, 2018 · Lego has reported its first fall in annual sales for 13 years after a «challenging year» for the toymaker in its European and North American markets.
Author: Sky News
«There is no quick-fix and it will take some time to achieve longer-term growth,» he said. Christiansen joined Lego in October after nine years as CEO of Danish industrial group Danfoss, taking over from Briton Bali Padda after just eight months.
Mar 06, 2018 · Sales at toymaker Lego fall for the first time in 13 years Lego’s sales fell last year for the first time since 2004. The Danish toymaker is struggling with tough retail markets in Europe and
Sep 05, 2017 · Lego said Tuesday that its revenue for the first half of this year fell 5% from a year earlier to $2.4 billion, its first revenue decline in 13 years. Net profit fell 3% to $544 million.
The company’s Lego Ninjago series benefited from the release of the movie in September. Lego said it was working with Warner Brothers to create the next Lego movie, to be screened in 2019.
Mar 06, 2018 · Christiansen said consumer sales grew in seven of Lego’s 12 largest markets in December and that the company started 2018 in a better position. «There is no quick-fix …
Lego’s sales fell last year for the first time since 2004 as the Danish toymaker cleared excess inventories and struggled with tough retail markets in Europe and North America.
DENMARK — How’s this for bad luck: Lego sales have dropped for the first time in 13 years. Annual revenue dropped 8% in 2017, the Danish company said Tuesday, ending a long streak of rapid growth powered by the success of its Star Wars products and “The Lego Movie.”
Lego sales fall for the first time in 13 years sales grew in seven of Lego’s 12 largest markets in December and that the company started 2018 in a better position. “There is no quick-fix
Lego Group chief executive Niels Christiansen said there was «no quick-fix» and it would take the firm «some time» to grow long-term. «2017 was a challenging year and overall we are not satisfied