HIGHLIGHTS OF THE YEAR
OUR 2016/2017 ANNUAL REPORT
We optimise our store network continuously by opening new stores in markets with growth potential and closing unprofitable stores.
Our aim is to continue progressing towards our long-term commitment of hiring and promoting women. Diversity is therefore a focus area in our recruitment to managerial positions. Part of the brief given to internal hiring managers and external recruitment agencies is that they should ensure a representative candidate list also in relation to gender, although qualifications remain the most important criteria for recruitment.
Our long-term goal for diversity is that two members of our Board of Directors should be women in 2019/2020. In 2016/2017, our Board comprised men only. One member of the board changed during 2016/2017 where the majority owner EQT appointed a new EQT partner from their partner portfolio to represent them. The new board member was chosen based on a strong profile and a good strategic fit to TOP-TOY.
In 2016/2017 we hired the first woman to our Executive Management Team (EMT), and in doing so, we reached our target that half of all new appointments at EMT level should be women.
At TOP-TOY, our objective is zero recalls. Whenever it comes to our attention that something is wrong with one of our products, we initiate a recall rather than compromise children’s safety.
Our recall process is transparent and involves close collaboration with suppliers, licensors and relevant authorities to alert them and arrange for necessary actions.
THE FACTORIES THAT PRODUCE OUR PRODUCTS
Our sourcing countries
Our key sourcing markets are China and several other Asian countries. Around 70% of our product volume comes from these markets, where the biggest toy producers in the world are located.
Factory certification and audits
Stores with LED lighting
In recent years we have changed to LED lightning in our distribution centre and most of our stores.