Toyworld co-ops sales down 13%

The co-op's directors cited "unfavourable macroeconomic factors". (Image: Duncan Brown)

Wed, 23 Oct 2024

Directors of the co-operative that oversees New Zealand’s Toyworld store network say their business has been impacted by “unfavourable macroeconomic factors”.Associated Retailers NZ is a subsidiary of Associated Retailers, a company registered in Australia. The company is principally engaged in selling and distributing toys to its member Toyworld stores.In annual earnings to June 30 lodged with the Companies Office on Wednesday, Associated Retailers NZ said it made a net profit of $89,935, down from $402,319 in the previous fi...

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