Disney Store - Grafton Street, Dublin, Ireland
Posted by: Groundspeak Regular Member Master Mariner
N 53° 20.432 W 006° 15.655
29U E 682351 N 5913650
The Independent, in Ireland, reported that the Disney Store in Grafton Street might be in financial trouble.
Waymark Code: WMQZNM
Location: Dublin, Ireland
Date Posted: 04/20/2016
Published By:Groundspeak Premium Member saopaulo1
Views: 5

The Independent's story appeared on their website in July 2015 and reported:

Losses mount at Dublin Disney store.

The frenzy over Elsa dolls from the movie blockbuster 'Frozen' was not enough to prevent further losses at the Disney store on Dublin's Grafton Street last year.

New accounts filed by TDS Disney Ireland show that pre-tax losses totalled €249,000.

This followed pre-tax losses of €277,000 - or more than €5,000 per week - in the 12 months to the end of September 2013.

'Frozen' was released in November 2013 and has since proved a massive cash cow with demand for its Anna and Elsa dolls at an all-time high coming into last Christmas.

In November 2014, in response to the growing demand for the dolls, the Grafton Street store limited customers to two of each character from the film.

Last year, Disney confirmed that the Dublin store was in the corporation's top five most profitable stores in Europe boosted by the 'Froze'n phenomenon.

However, the new figures show that the Disney Store in Dublin will have to sell a lot of Elsa dolls before it can turn a profit.

Disney is paying a lease of €1m or almost €20,000 per week for the high profile former Laura Ashley premises.

The store reduced its losses after increasing revenues by 8pc from €5.13m to €5.54m.

The directors state that they "are satisfied with the performance of the company".

Type of publication: Newspaper

When was the article reported?: 07/15/2015

Publication: Independent

Article Url: [Web Link]

Is Registration Required?: no

How widespread was the article reported?: national

News Category: Business/Finance

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