Games Workshop to resume trade and online sales
Games Workshop has announced that it is to begin making trade sales in Europe and North America this week and will take online orders from shoppers on its website from 1 May.
The move follows changes made across the retailer’s warehouse operations to enable social distancing due to the coronavirus pandemic.
While most Games Workshop stores remain closed, a small number have re-opened in China, the Netherlands and Scandinavia. The retailer said it will continue to re-open other shops across the world as and when local restrictions are lifted.
Giving an update on the financial impact of the coronavirus outbreak, Games Workshop said in a statement: “As stated previously, trading for the group in the nine months to the end of February was in line with expectations. However, since the outbreak of covid-19 and the subsequent closure of our operations globally, our performance has been impacted. As we are now re-opening our sales channels as discussed above, we estimate our profit before tax for the year ended 31 May 2020 to be no less than £70 million.”
The retailer also said that Santander has agreed in principle to offer it an overdraft facility of £25 million for a six month period with a potential six month extension if required.
