Lego’s profit grows slightly as other toy retailers see shrinking demand

The Lego Group reported its smallest increase in profit in three years even as demand has grown. The world’s largest toymaker faced higher costs and invested heavily in production to meet rising demand. Net income rose 3.7% to 13.8 billion kroner ($2 billion) in 2022, the Billund, Denmark-based company said on Tuesday. Expenses jumped 22% […] The post Lego’s profit grows slightly as other toy retailers see shrinking demand appeared first on Digital Commerce 360.