Online Registration For Kids Turkey Opens on June 28

Spielwarenmesse Middle East Fuarcılık Ltd. Şti., a subsidiary of Spielwarenmesse eG, is inviting toy experts to Kids Turkey taking place from October 26 to 29. The Turkish trade show brings together representatives of the toy industry from Turkey and other countries in the Near and Middle East. The World of Toys by Spielwarenmesse eG will give international exhibitors support in breaking into the market successfully. Trade buyers can submit their online registration in advance of the event to secure access to the fair.  [Read more...]

Jakks Retires $12.0 Million of Company’s 2018 Convertible Senior Notes

Jakks Pacific Resized LogoJakks Pacific Inc. agreed with holders of its Convertible Senior Notes due in 2018 to redeem $12.0 million face amount of such notes for approximately $11.4 million in cash and 112,400 shares of its common stock. After such redemption the balance of the face amount of the 2018 Notes will have been reduced to approximately $42.7 million from approximately $54.7 million.

NPD Reports May 2017 Video Game Sales

npd-group copyTotal industry spending for video game hardware, software, and accessories from Apr. 30 to May 3, 2017 declined 11 percent to $542 million compared to last year, according to analysis from The NPD Group. [Read more...]

Peaceable Kingdom Launches Monthly Facebook Live Series

PeaceableKingdomPeaceable Kingdom is set to launch its monthly Facebook Live series, Peaceable Perspectives, to bring topics related to child development and social emotional skills into the spotlight.

The series will feature experts who highlight issues such as empathy, anxiety, bullying prevention, kindness, resilience, and play. It also offers parents advice and tips on these sometimes sensitive topics.

[Read more...]

Wild Republic Founder Becomes Finalist for EY’s Entrepreneur of The Year Award

Mr Pillai-Head Shot-4

G.B Pillai, founder of Wild Republic is a finalist for Ernst & Young’s (EY) Entrepreneur of The Year(EOY) 2017 Award in the Northeast Ohio region. The awards program, now in its 31st year, recognizes entrepreneurs who are excelling in areas such as innovation, financial performance, and personal commitment to their businesses and communities. [Read more...]

Kettler USA Named Exclusive U.S. Distributor for Gymnic Products

kettlerlogoAs of this August, Kettler USA will become the exclusive U.S. distributor for Ledraplastic S.p.A. Gymnic products. The KETTLER Gymnic line includes toys, fitness, low impact, and physiotherapy items.

Ledraplastic S.p.A. was founded in 1963 and was one of the first manufacturing companies to work non-toxic vinyl. In 1984, Ledraplastic S.p.A. released the Rody Horse, a jumping horse to support body movement and develop balance and coordination in children.

Gymnic products can be found at specialty toy retailers nationwide and select online partners.

 

Mattel, Fosun to Launch Child Development Clubs in China

Mattel LogoMattel Inc. signed an agreement to form a new joint venture with Fosun Group, subject to Chinese regulatory approvals, to introduce a network of  learning and play clubs for children and families across China.

Mattel will contribute to the design of a custom development program, aiming to incorporate hands-on play experiences as part of the educational services offered at the clubs. Fosun’s Club Med subsidiary will apply its experience in operating kids’ clubs, including event design, process creation, and trainings.  [Read more...]

Hasbro Sets 100 Percent Renewable Energy and Carbon Neutrality Goal

Hasbro LogoHasbro Inc. set a 100 percent renewable energy use and carbon neutrality goal across its owned and operated global operations. For the past two years, the company has achieved its previous goal of 100 percent renewable energy and carbon neutrality in the U.S.

Hasbro purchased 25,699 megawatt-hours of renewable energy certificates (RECs) to address 99.6 percent of its 2016 global electricity consumption. Additionally, the company purchased carbon offsets in 2016 to address its global carbon footprint. Cumulatively, this reduction in Hasbro’s carbon footprint is similar to growing 766,411 trees per year for 10 years or not using 69,513 barrels of oil. [Read more...]

TMI Toymarketing Intl. Inc. Owner Retires

Wilfried G. Demisch, owner and president of TMI Toymarketing Intl. Inc. announced retirement from his business and the closure of the company by July 31.

The company has been importing and distributing the Gymnic Line to specialty toy retailers for more than 32 years. Kettler International Inc. will be the new exclusive U.S. distributor effective August 1.

Toys “R” Us Reports Q1 Results

toysrus.croppedToys “R” Us reported financial results for the first quarter of fiscal 2017, which ended April 29, 2017. Net loss increased $38 million to $168 million for the quarter, and consolidated adjusted EBITDA was $44 million for the quarter, a decline of $35 million.

Consolidated net sales were $2.2 billion, a decrease of $113 million compared to the prior year period. Excluding a $24 million negative impact from foreign currency translation, net sales declined by $89 million largely attributable to declines in the baby category. [Read more...]