Author: Guest Contributor

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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Halloween & Party Expo Redesigns Retailer Education Program

An all-new and redesigned retailer education program is taking place at the Halloween & Party Expo for the 2018 event, taking place from Jan. 12 to 15 at the Ernest Morial Convention Center in New Orleans).  This marks the third consecutive year the show has partnered with Retail Minded to present education for independent retailers. In the new format, attendees can learn from retailer panel discussions and retail roundtables led by Retail Minded’s Nicole Reyhle with each experience designed to strengthen retailer operations and success. Additionally, Retail Minded’s Jasmine Glasheen, a retail expert in generational marketing with a key...

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NRF, Ascential PLC Form Global Partnership

The National Retail Federation and Ascential PLC, parent company of the World Retail Congress, entered a global partnership. The partnership will leverage the strengths of each group to help continue to provide their shared audiences with insight, networking opportunities, intelligence, and more in the years ahead. Between NRF’s Retail’s Big Show and Shop.org and Ascential’s annual World Retail Congress, the two organizations host the premiere retail forums each year. The announcement was made by Shay and WRC Chairman Ian McGarrigle at Ascential’s Retail Congress Asia-Pacific conference in Hong Kong. The partnership is supported at the highest levels of both...

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Retail Sales Down Slightly in August from July But Up Over 2016, NRF Reports

Retail sales in August decreased 0.2 percent from July on a seasonally adjusted basis, according to the National Retail Federation. August sales increased 3.7 percent unadjusted year-over-year. The numbers exclude automobiles, gasoline stations, and restaurants. Year-over-year growth was up 3.4 percent on a three-month moving average. NRF reported: Online and other non-store sales decreased 1.1 percent seasonally adjusted from July ,but increased 8 percent unadjusted year-over-year. Clothing and accessories stores decreased 1 percent seasonally adjusted from July, but increased 1.5 percent unadjusted year-over-year. General merchandise stores increased 0.2 percent seasonally adjusted over July and increased 3.1 percent unadjusted year-over-year. Electronics and appliances stores decreased 0.7 percent seasonally adjusted from July and decreased 3.3 percent unadjusted year-over-year. Furniture and home furnishings stores increased 0.4 percent seasonally adjusted over July and increased 5.9 percent unadjusted year-over-year. Building materials and supplies stores decreased 0.5 percent from July, but increased 8.2 percent unadjusted year-over-year. Sporting goods stores decreased 0.1 percent seasonally adjusted from July and decreased 1.7 percent unadjusted year-over-year. Health and personal care stores increased 0.1 percent over July and increased 0.3 percent unadjusted year-over-year. The August numbers come as retail continues a long-term pattern of increased sales. Total retail sales have grown year-over-year every month since November 2009, and retail sales as calculated by NRF—excluding automobiles, gasoline stations and restaurants—have increased year-over-year in all but one month since the beginning of...

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North America Expected to Dominate Smart Toys Market by 2022

Transparency Market Research (TMR) reports that the global smart toys market is heavily dependent on product innovation, and that an increasing number of players are venturing into the competitive landscape. Based on toy-type, the global smart toys market gains maximum demand for voice or image recognition toys, accounting for $2,271.7 million in 2017 and projected for a compound annual growth rate (CAGR) of 3.7 percent during the forecast period of 2017 to 2022. This segment is growing at $89.7 million annually over the course of the forecast period, and this absolute growth is larger than the any other segment. The demand in the smart toys market, a sector born out of industrial and technological convergence, is projected for an impressive CAGR during the forecast period of 2017 to 2022. However, the market for smart toys is still at its early stage, with Sphero BB-8 App-Enabled Droid being the only one that has achieved broad consumer appeal in the toys to life segment, according to TMR. The demand in the global smart toys market will escalate when newer products will make an impression on a wider population. Smart toys include app-enabled mechanical toys, screenless toys, toys-to-life, puzzles and building games, health tracking toys, wearables, and others. North America is identified as the most lucrative regional market for these toys, promising a revenue worth $2,119.2 million by 2022, according to TMR. Smart toys goes...

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U.S. Toy and Game Shipments Expected to Total $1.1 Billion in 2021

U.S. toy and game shipments are forecast to fall to $1.1 billion in 2021, according to Toys & Games: United States, a report recently released by Freedonia Focus Reports. Competition from imports, which already meet the vast majority of U.S. demand, will drive shipments to retreat. U.S. demand for toys and games is forecast to expand 2.3 percent annually through 2021. Expansion of the population aged 35 to 44, which contains those most likely to have and buy toys for children, will drive gains. These and other key insights are featured in the report, which forecasts U.S. toy and game shipments and demand in U.S. dollars at the manufacturers’ level to 2021. Total shipments are segmented by product in terms of electronics, board games and puzzles, models and kits, children’s vehicles and doll carriages, dolls and stuffed toys, and other products such as balls, dart games, and toy furniture. To illustrate historical trends, total demand, total shipments, the various segments, and trade are provided in annual series from 2006 to...

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TOMY International Taps Vincent D’Alleva as Chief Brand Officer

TOMY International Inc. appointed Vincent D’Alleva as its chief brand officer. D’Alleva, a veteran brand and marketing executive in the toy and infant product categories, will guide the brand, product and consumer marketing strategy for TOMY’s infant, toddler and preschool businesses. The appointment is effective immediately. D’Alleva most recently served as senior vice president global brands/general manager of Mattel/Fisher-Price, leading worldwide strategy for the company’s largest preschool entertainment brands. Prior to that, D’Alleva honed his infant product experience as general manager at global feeding company Mayborn Group, after having served as executive vice president marketing and product development/general manager of...

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NRF Says Imports Hitting Monthly and Annual Records

Boosted by continuing sales growth, August is expected to be the busiest month on record for imports at the nation’s major retail container ports, and 2017 is on track to set a new annual high, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.  Ports covered by Global Port Tracker handled 1.69 million Twenty-Foot Equivalent Units (TEU) in June, the latest month for which after-the-fact numbers are available. That was down 2 percent from May, but up 7.5 percent from June 2016. July was estimated at 1.72 million TEU, up 5.6 percent from the same time last year. One TEU is one 20-foot-long cargo container or its equivalent. August is forecast at 1.75 million TEU, up 2.1 percent from last year. That would be the highest monthly volume recorded since NRF began tracking imports in 2000, topping the 1.73 million TEU seen in March 2015. The 1.7 million-plus numbers seen in May and July and now expected for August and October would represent four of the six busiest months in the report’s history. September is forecast at 1.67 million TEU, up 4.7 percent from last year; October at 1.72 million TEU, up 3 percent; November at 1.62 million TEU, down 1.4 percent, and December at 1.59 million TEU, up 1.5 percent. Those numbers would bring 2017 to a total of...

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Toy State’s Plans for Growth and Expansion Beyond Vehicles

Toy State President Andy Friess Chats with The Toy Book. Toy State is well known as an industry leader in the lights and sounds and R/C toy categories. How are you planning to expand your portfolio? We’re proud Toy State has become the industry leader in toy vehicles, and we look forward to leading in that category for years to come. With that said, Toy State sees opportunities in non-vehicle categories where our expertise would be a perfect fit. I’m excited to bring the Toy State “magic” to additional retail aisles! Why is now the right time for Toy...

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