Lego CEO: Building sets are gaining share in a tough toy market

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Lego CEO: Building sets are gaining share in a tough toy market
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Lego CEO Niels B. Christiansen serves up an earnings report that bucks the trend in the toy industry.

The maker of the iconic Lego brick reported Wednesday that first-half revenue rose 13% year over year to 31 billion dkk . Operating profits increased at a faster pace, up 26% to 8.1 billion dkk , despite investments in areas like new stores and digital." clearly taking market share in a toy market that's not growing right now," Lego CEO

Only four of the 11 toy "super-categories" experienced sales growth from the G12 countries, underscoring the pressure the category is under. The warning comes as Arla hailed ‘robust’ trading over the first half of 2024, boosted by its brands, including Lurpak and Arla Protein.Tract Closes Acquisition of 2,069 acres in Buckeye, Arizona

BEAUFORT, S.C., August 28, 2024--Research published by THE SAGE GROUP examines the prevalence, characteristics, comorbidities and consequences of BTA disease, as well as explores the challenges of endovascular revascularization.CLEVELAND, August 28, 2024--Oatey Co. has been named a 2024 NorthCoast 99 award winner by ERC, the Employers Resource Council. The NorthCoast 99 award honors 99 great Northeast Ohio workplaces for top talent.

Lorex Technology is transforming crime prevention with the launch of its new Stop Before it Happens initiative with newly released Smart Security Lighting™ and Lorex Guarantee Program, which gives consumers $100 back if their Lorex system fails to prevent a car theft.NEW YORK, August 28, 2024--SUPIMA's 17th annual SDC, hosted by Phillip Lim, features six finalists competing for a $10,000 prize. The winner will be announced at NYFW.

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