John Frascotti, the president of Hasbro Brands, will take part in a panel discussion on Millennial Moms at the Goldman Sachs 22nd Annual Global Retailing Conference, scheduled for September 9 at 2:25 p.m. ET in New York City. He will be joined by Brian Lynch, the president of Carter’s Inc., and Chuck Vila, the vice president of consumer and customer insights at Campbell Soup Company.
Wal-Mart Stores Inc. will bring forward its holiday layaway program by two weeks, in what has been viewed as a move to get ahead of year-end demand for toys, and to generate sales of upcoming Star Wars toys. As reported by Reuters, Anne Marie Kehoe, the vice president of toys for Wal-Mart, said in a briefing that shoppers can utilize the program starting August 28, two weeks earlier than last year.
As reported by the Toy Industry Association (TIA), the U.S. Consumer Product Safety Commission (CPSC) approved a pilot program last week that will require participating importers to electronically file five data elements for imported consumer products, in order to help the agency more accurately target noncompliant and unsafe consumer products before they are imported. CPSC is currently seeking volunteer participants.
by Scarlett Wisotzki, editor-in-chief, das spielzeug
On June 1, Peter Handstein, the CEO of Hape, rolled out the red carpet for his retailers in France, and gave them a sneak peek of The Little Prince movie and tie-in products prior to their official global release. Scarlett Wisotzki, the editor-in-chief of das spielzeug for the past four years, has this exclusive report:
Hasbro Studios and Sony Music/Legacy Recordings to Release Truly Outrageous: A Jem and the Holograms Tribute
by Catherine Mevs, strategy director, Red Peak Branding
With more and more Millennials stepping into parenthood, big name toymakers are trying to guess at the expectations of a new generation of parents. However, from Mattel’s introduction of its Siri-inspired Hello Barbie to Hasbro’s more compact preschool toys, thus far their efforts are either misguided or not going far enough.
by Ed Desmond, executive vice president of external affairs, Toy Industry Association (TIA)
One of the biggest threats facing your business today is the increasing problem of state after state seeking to ban certain chemicals used in toys. Individual state legislatures—and even counties—have been creating their own flawed chemical management laws, which could force retailers to pull perfectly safe products from store shelves. While the TIA is working to prevent such state laws, we are also actively engaged in addressing this threat by urging Congress to pass a federal, uniform chemical management policy that will help preempt state-by-state activity.
by Sara Erickson, owner, Rook’s Comics and Games
Sitting in my game store on a warm Saturday afternoon, I watch as customers stream in with tote bags full of games they plan on playing during the next three or four hours. I know most of them by name and would consider many of them my friends. They’ve been shopping and playing at my store for the past nine years, and I’ve seen them grow from awkward teenagers into professional adults. Many have even outgrown my store and are now shopping at the local toy store across the street for their own kids. Eventually, the cycle will repeat and I’ll be selling the newest hot game to the next generation.