The Great Potential Of A Toy Store Business

Toys are popular with girls and boys among all ages and are particularly essential for babies and young children as they can play a crucial role in their development.

But when kids begin primary school, and even secondary school, their interest and captivation with toys will not wither. Toys entertain and educate, and because of their influence and importance, toys are extremely valuable and lucrative markets.

And that’s not to mention adult toys and novelty items, extremely popular with teenagers and young people.

According to figures from The NPD Group, the British toy industry is worth around £3.2 billion in 2016, a £150 million increase on the previous year. They also said in 2015 that there was a 5.9% increase in sales, indicating that the toy industry is a prosperous and growing industry.

The report also illustrated that branded toys were one of the major factors behind the increase, pushing the toy industry further. Films like Minions, Avengers and Star Wars inspire toys that are hugely popular.

Businesses can purchase large quantities from toys and branded toys from wholesalers for cheap prices and offer a great selection of toys for great value.

With all things considered, it seems a great time for businesses and enterprise to sell toys. It’s cheap to purchase large quantities and ranges of toys.

According to researched published on WorldAtlas, parents spend more on their child in the UK than any other country, topping the list with $438.00 on toys per child every year.

Moreover, research from the Toy Industry Association published by AOL shows that parents spend $6500 on toys over a child’s lifetime.

Some of these figures may seem extraordinary, but toys are actually a crucial element of a child’s life and a lot more than just a bit of entertainment. Toys are an important part of a child’s development in numerous ways.

According to The Toy Blog, most people probably don’t know “how it (toys) influenced your education and how, over the years, toys continue to improve the abilities and skills children need to prepare them for life”.

“Children learn by playing and toys are the instruments that allow them to discover the world they live in. And this is precisely why they interact with their surroundings thru toys. Plus, toys provide plenty of enjoyment and happiness, both of which help build their self-esteem.”

The blog explains how toys help with emotional development, social development and cognitive development.

This shows that the toy industry is not only a huge market but also an essential entity, and something essential won’t be going away any time soon.

Parents spend a lot on toys because they’re aware just how essential they are. If you can attain large quantities of stock and shift them for low prices, parents will appreciate and purchase from your business and accelerate your enterprise.

These markets are of course heavily affected by Christmas and birthdays. Kids and young children often want toys as a present, and parents will go out to purchase them.

We live in economic uncertainty due to Brexit, but that doesn’t seem to have perturbed. It’s seems that it’s not just in classic Christmas films where parents are charging around in the festive period looking for toys for their kids, as retailers estimated that £1 billion would be spent last Christmas on presents.

About the author

Hello I am James I am a business man, journalist and social media expert from SocialQ.co.uk. I am very approachable and love to share good quality content. Always looking to explore new opportunities and help where he can.

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