Author: Guest Contributor

Mattel Reports Full Year and Q4 Financial Results

Mattel Inc. reported full year and fourth quarter 2017 financial results. For the year, net sales were down 11 percent as reported and in constant currency, versus the prior year. Gross sales were down 9 percent as reported, and down 10 percent in constant currency. Reported operating loss was $342.8 million, and adjusted operating loss was $167.1 million. Reported loss per share was $3.07, which was negatively impacted by a net non-cash charge of $457 million related to a valuation allowance on U.S. deferred tax assets and U.S. tax reform, and adjusted loss per share was $1.08. For the...

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Spreading the Joy of Play: Toy Companies That Give Back

by James Zahn, The Rock Father The toy industry is a never-ending cycle that’s filled with a lot of movement and excitement. The yearly build-up comes to its peak with the all-important holiday season, mirroring the peak of another important season: the season of giving. There is no real “down time” in the toy industry, and with the holidays behind us, all sights are currently set on Toy Fair season as everyone focuses on the next big thing. When your business is play, there’s nothing better than seeing the joy that toys and games can bring to the children of...

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Toy Association Gives Members Latest Updates in Toys “R” Us Bankruptcy Proceedings

The Toy Association issued a second Member Bulletin to manufacturer members on Tuesday notifying them of the latest updates and filings related to the Toy “R” Us bankruptcy proceedings. The bulletin details: A motion filed by the Official Committee of Unsecured Creditors to establish certain information sharing procedures in accordance with the committee’s fiduciary responsibilities, including a website to better communicate with unsecured creditors; A hearing held on December 6 with Toys “R” Us creditors at the United States Trustee’s Office in Richmond, Virginia. During the hearing, bonuses for Toys “R” Us senior management were contested, but ultimately granted by the...

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HKTDC Hong Kong Toys & Games Fair Expects to Welcome More Than 2,000 Global Exhibitors

Largest Toy Fair in Asia to Unveil Latest Market Trends The HKTDC Hong Kong Toys & Games Fair will be staged at the Hong Kong Convention and Exhibition Centre from Jan. 8 to 11, 2018. As the largest fair of its kind in Asia and the second largest in the world, the Toys & Games Fair is expecting to welcome more than 2,000 global exhibitors to showcase a wide variety of products ranging from traditional toys to high-tech games, from famed names to emerging brands. In 2017, the fair attracted more than 46,000 buyers from 126 countries and regions....

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Submissions Are Now Open for 2018-2020 Toy Association Board of Director Nominations

The Toy Association invites all members to submit candidates for seats on its Board of Directors. Nominations are due on Friday, Dec. 8. The Board is responsible for the management and control of the activities, property, and affairs of the Association, including its strategic direction, annual budget, and the scope of responsibilities of its committees. In the nomination process, the following criteria will be considered by the Nominating Committee for each nominee: Commitment to attend, in-person, three regularly scheduled Board meetings each year and, as appropriate, other relevant Association-sponsored trade shows, consumer shows, and events such as Toy Fair,...

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