Sweet Suite 2016

NPD Group Finds Interactive Gaming Toys Keep Families and Players Engaged in Play

NPDGrouplogoAccording to “Interactive Gaming Toys,” the latest report from The NPD Group, 70 percent of parents in the U.S. are familiar with Interactive Gaming Toys (IGT), also known as Toys to Life. As reported by Liam Callahan, industry analyst, The NPD Group, 40 percent state that they own at least one franchise, and 41 percent of those who own an IGT indicate they own more than one franchise.

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The Unvarnished History of Beanie Babies and the Man Who Created Them

by Zac Bissonnette, author, The Great Beanie Baby Bubble: Mass Delusion and the Dark Side of Cute

TheGreatBeanieBabyBubbleBetween 1996 and 1999, Ty Warner earned more than a billion dollars with a single line of understuffed beanbag animals that retailed for $5 each. In my new book, The Great Beanie Baby Bubble: Mass Delusion and the Dark Side of Cute, I chronicle the story of how those animals became the strangest speculative bubble in the history of capitalism.

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LEGO Jurassic World Has New Trailer, Launch Date, and So Many Dinosaurs

The latest trailer for LEGO Jurassic World is overflowing with dinosaurs: big dinos, tiny dinos, friendly dinos, angry dinos, flying dinos, battling dinos, and even goofy dinos. Between the more than 20 different kinds of playable dinosaurs and more making an appearance, players will have plenty to do when the game arrives in North America on June 12 for PlayStation 4, PlayStation 3, PlayStation Vita, Xbox One, Xbox 360, Wii U, Nintendo 3DS, and Windows PC.

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Q&A with Andy Friess, President of Toy State

AndyFriess,headshotHaving recently been promoted to the position of president of Toy State, it seemed like a good time to sit down with Andy Friess to talk about the state of his company, its high-profile sponsorship agreement with Tommy Baldwin Racing, its upcoming plans for the R/C brand, Nikko, and more.

The Toy Book (TTB): How important are new licensing agreements to the growth of Toy State? 

Andy Friess (AF): Licensing plays a major role in our success. With the competition so tough in all toy categories, securing rights to strong licenses can provide the point-of-difference that separates us from our competitors. Toy State’s history of developing products featuring the highest levels of quality and innovation has been a great “selling” tool as we seek new licensing opportunities. We’ve been extremely fortunate to work with a core of outstanding global licensors, and these relationships have been instrumental to the successes we have achieved over our 30-plus-year history. The 13-year, multi-category relationship with Caterpillar has been the foundation of our licensing efforts.

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How Your Toy Store Can Leverage Ambient Scenting

RichardWeening, headshotby Richard Weening, CEO, Prolitec Inc.

A properly designed and merchandised toy store is a feast for the senses—a place where bright colors, lively graphics, and upbeat music enhance the delightful atmosphere already created by the imaginative products themselves. And yet in most stores, arguably the most important of the five senses—the sense of smell—is underutilized or ignored. Until recently, using scent in a retail environment was very difficult, as the normal sources of scent in the home will not work in a commercial setting.

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Border Agents Seize Undeclared Tobacco Amid Load of Toys

As reported by the Associated Press, U.S. border agents found $300,000 worth of loose-leaf tobacco hidden in a truck hauling toys.

U.S. Customs and Border Protection officials said Thursday that agents made the discovery at the Lewiston-Queenston bridge in western New York in December and that the load was formally seized this week.

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Toy$, a Comic Strip by Dustin Glick

We really enjoyed this recent Dustinland comic, which centers on taking a kid to Toys “R” Us.

Don’t squint; click on the image for a larger-sized version.

dland.toysrus

GUEST COMMENTARY: Feds to Ban Kids’ Soft Plastic Toys for No Good Reason

by Jeff Stier, senior fellow, National Center for Public Policy Research

jeffstierThe Consumer Product Safety Commission (CPSC) wants to hear from you.

The agency has extended its comments period until April 15 as it considers a rule that would regulate a range of chemicals within a group called phthalates. These chemicals, among other purposes, keep plastics from shattering when bent, and play a useful role in a range of consumer products.

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Q&A with Mattel: Social Media, 3-D Printing, and More

logo_Mattel logoThe Toy Book (TTB): In what new ways are you using social media to correspond directly with consumers?

Mattel: We engage with consumers across all brand and corporate social media platforms, including Facebook, Twitter, Instagram, and YouTube, as well as retailer sites, like Wal-Mart and Kohl’s. At Mattel, we have a fully functioning reporting and engineering team dedicated to understanding what the consumer is saying and turning that data into actionable improvements for both our manufacturing and design process.

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Q&A with Kathleen McHugh, President, American Specialty Toy Retailing Association (ASTRA)

ASTRA.KathleenMcHughThe Toy Book (TTB): How can specialty retailers compete in 2015?

Kathleen McHugh (KM): ASTRA is launching an exciting new program that is designed to help independent specialty retailers position their stores as destinations. The program will offer exclusive products for ASTRA member retailers that will not be available elsewhere.

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