Nominations Now Open for 14th Annual Women In Toys Wonder Women Awards

WonderWomanNominations for Women in Toys, Licensing & Entertainment (WIT)‘s 14th Annual Wonder Women Awards are now open. The awards honor top female thought leaders, executives, entrepreneurs and other changemakers whose work or product has made a positive impact in toys, licensing, and entertainment. Honorees will be celebrated at the annual Gala on Sunday, Feb. 18, 2018 at Pier 60, Chelsea Piers, during New York International Toy Fair.  [Read more...]

NRF Says Imports Hitting Monthly and Annual Records

nrf1Boosted 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.  [Read more...]

Toys “R” Us Names Former USMC Veteran as Executive Officer, U.S. Marketplace Operations

toysrus.croppedMark Johnson was named Executive Vice President, U.S. Marketplace Operations, of Toys “R” Us effective immediately. He will report directly to Chairman and CEO Dave Brandon. [Read more...]

Toys “R” Us Returns to Times Square with Temporary Holiday Shop

TRUTimesSqAfter a nearly two-year absence, Toys “R” Us will temporarily return to Times Square for the holiday season in response to consumer demand. The company will open a 35,000 square-foot store located at 1455 Broadway in the Knickerbocker Building. [Read more...]

Hasbro Expands Celebrity Lineup for HASCON

hasconHasbro Inc. today revealed additional entertainment programming details for its first-ever HASCON FANmily event. The event will take place Sept. 8 to 10 at the Rhode Island Convention Center and Dunkin’ Donuts Center in Providence, Rhode Island.  [Read more...]

Jakks Pacific Extends Licensing Agreement for Power Rangers

jakks_powerrangers-1Jakks Pacific Inc. extended its licensing agreement with Saban Brands LLC for Power Rangers, which includes the TV series Power Rangers Ninja Steel and the live action films, including this year’s feature film, Saban’s Power Rangers.

The multi-year agreement includes rights to exclusively manufacture, market, and distribute adult and kids Halloween costumes, accessories, and everyday dress up in the U.S., Canada, and Latin America. The partnership also includes seasonal items such as ride-ons, ball pits, indoor furniture, and other seasonal categories in the U.S. and Canada.

UNO Becomes No. 1 Games Property

UNO LogoMattel‘s UNO card game is now the No. 1 non-collector card games property in the U.S., according to the latest NPD Group U.S. Retail Tracking report. The game has seen double-digit growth in the first half of 2017, and is currently the No. 1 item in the games and puzzles supercategory and the fifth best-selling item in all of U.S. toys.

Spin Master Reports Q2 2017 Financial Results

logo_spinmasterSpin Master Corp. reported financial results for the second quarter ended June 30, 2017. Highlights include revenue growth of 54 percent and adjusted EBITDA growth of 72 percent.  [Read more...]

Border Adjustment Tax No Longer Being Considered in Tax Reform

The White House has released a joint statement on tax reform, noting that a border adjustment tax (alternatively called the BAT) would not be included in its tax reform policy, according to the Toy Association.

The BAT would have moved the tax system from one based on location of profits, or a company’s headquarters, to one that is based on the location of sales.

The new tax reform principles outlined in the statement propose a corporate and pass-through tax rate of 15 percent. Congressional Republican leadership noted that the principles will serve as critical guideposts for tax reform, with the goal of legislation moving through the committee approval process this fall followed by consideration on the House and Senate floors.

Nominations Open for 2018 TOTY Awards

unnamed-1Nominations are now open for The Toy Association‘s 2018 Toy of the Year (TOTY) Awards.

Toy companies, inventors, and other industry representatives are invited to submit their toys, games, and licenses for consideration across a total of 17 TOTY categories through September 20.  [Read more...]