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        <title><![CDATA[Lego sales spike as plastic bricks help families through COVID-19 crisis]]></title>
        <atom:link href="https://usagag.com/2020/09/02/lego-sales-spike-as-plastic-bricks-help-families-through-covid-19-crisis/" rel="self" type="application/rss+xml" />
        <link>https://usagag.com/2020/09/02/lego-sales-spike-as-plastic-bricks-help-families-through-covid-19-crisis/</link>
        <lastBuildDate>Wed, 02 Sep 2020 12:01:26 +0000</lastBuildDate>
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            <media:title type="html">Lego sales spike as plastic bricks help families through COVID-19 crisis</media:title>
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        <content:encoded><![CDATA[<p>Lego&#8217;s sales <strong>boomed in the first half of the year</strong> as kids and adults alike used its trademark building blocks to help cope with the coronavirus pandemic, the toymaker said Wednesday.</p><p>The Danish company reported a 14 percent spike in consumer sales for January through June amid worldwide lockdowns that shut families in their homes to control the spread of COVID-19.</p><p>&#8220;During the first half we attracted new builders of all ages who turned to Lego play to help them through difficult times,&#8221; Lego Group CEO Niels B. Christiansen said in a <strong>statement</strong>. &#8220;More families are playing and learning together with Lego bricks and we are seeing more adults than ever before enjoying building our more challenging sets.&#8221;</p><p>&#8220;Star Wars,&#8221; &#8220;Harry Potter&#8221; and Disney princess-themed sets performed strongly in the six-month period along with classic Lego blocks, the company said, &#8220;proving the appeal of Lego play to fans of all ages and interests.&#8221;</p><p>Lego&#8217;s online platforms also saw a surge in use amid the pandemic. Its digital building instructions were downloaded 2 million times in the first half and its e-commerce platform saw more than 100 million visitors, twice as many as the same period last year, according to the company.</p><p>The sales surge helped drive Lego&#8217;s operating profits up 11 percent year over year to 3.9 billion Danish krone (about $621.6 million). Revenues only rose 7 percent in the first half to 15.7 billion krone (roughly $2.5 billion) because retailers used up existing inventory as Lego had to temporarily close its factories in Mexico and China.</p><p>Lego says it&#8217;s on track to open about 120 new retail stores around the world in 2020 despite virus-related lockdowns temporarily shutting many shops. The company said it opened 46 stores in the first half of the year, including 30 in China, the first country hit by COVID-19.</p><p><em>With Post wires</em></p>]]></content:encoded>
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