CNN: Small toy stores are worried they won’t stay in business after this year

CNN: Small toy stores are worried they won’t stay in business after this year. “While small toy stores like Pufferbellies are struggling to stay afloat in the pandemic, Amazon and big box chains’ sales have surged as shoppers head online and consolidate their visits to stores. Analysts predict a bumper holiday season for these companies. In contrast, the situation is particularly dire for independent toy retailers. Sales at toy, hobby and game stores dipped 26% between mid-March, when shutdowns first began, and late October compared with the same time last year, according to data from Womply, a company that provides software platforms for small businesses and tracks sales through credit and debit card transactions.”

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