Toy Industry Donates More Than $250,000 in Toys

TIFThe Toy Industry Foundation (TIF) appeared on NBC’s TODAY Show on Nov. 29 to celebrate the toy companies who donated more than 10,000 toys and games to the TODAY Show’s annual Holiday Toy Drive. The donation is valued at $255,000. [Read more...]

TIA to Induct Three Industry Leaders to Hall of Fame

TIA LogoThe Toy Industry Association (TIA) will induct Peter Eio, former president of Lego Systems Inc., the late Ray Larsen, founder of RLA Marketing and the late Sydney Rosen, former owner of Rose-Art, Cra-Z-Art, into the Toy Industry Hall of Fame. These individuals were selected for induction by members of TIA in recognition of their significant contributions to the industry and the impact they have had on the lives of children through a lifelong commitment to toys and play.  [Read more...]

Pokémon Sun and Moon Become Fastest-Selling Games in Nintendo History

PokemonSunAfter becoming the most pre-ordered video games in Nintendo history, Pokémon Sun and Pokémon Moon have now become the fastest-selling games that the company has launched in the Americas.

In less than two weeks, the games for the Nintendo 3DS family of systems sold a combined total of 3.7 million units, an 85 percent increase over Pokémon X and Pokémon Y, the previous record holders for Nintendo’s fastest-selling games during the same period when those games launched in 2013. All Pokémon-related software has sold more than 280 million units worldwide since launching in 1996. [Read more...]

WIT Announces Honorees for Changemaker, Lifetime Achievement Honorees 13th Annual Wonder Women Awards

WITLogoWomen in Toys, Licensing & Entertainment (WIT) will honor Academy Award-winning actor and advocate Geena Davis with the Changemaker Award and Jill Barad with the Lifetime Achievement Award at the 2017 WIT Wonder Women Awards Gala. [Read more...]

NPD Group Study Shows How Consumers Give to Those Less Fortunate This Holiday Season

According to the NPD Group, creating an in-store experience centered around giving to those less fortunate is an opportunity for retailers to create a feel-good environment that can engage consumers throughout the holiday season. [Read more...]

Record-breaking Amounts of Consumers Shopped on Black Friday

NRFMore than 154 million consumers shopped over Thanksgiving weekend, up from 151 million shoppers last year, according to the National Retail Federation and Prosper Insights & Analytics.

Average spending per person over Thanksgiving weekend totaled $289.19, down slightly from $299.60 last year. Seventy-four percent of total purchases specifically went towards gifts. [Read more...]

NPD Reports October 2016 U.S. Video Game Sales

95d4e4c4-b6ec-4949-b719-ead99d9fe6e5Analysis from The NPD Group shows that total video game sales from Oct. 2 to 29 was $875.7 million, up 6 percent from the same period last year.

Total video games hardware decreased 20 percent from this time last year from $270.3 million to $215.2 million. [Read more...]

Kids@Play/Family Tech Summit Conference to Take Place at CES 2017

KidsAtPlayCESThe Kids@Play/Family Tech Summit at CES 2017 will explore trends, new products, and the latest research on the technologically engaged demographic. The one-day conference will be held on Jan. 6 at Tech West. [Read more...]

CPSC Reports Decline in Toy Recalls

CPSC Toy RecallsThe U.S. Consumer Product Safety Commission (CPSC) announced a decline in toy recalls for the fiscal year 2016, according to the Toy Industry Association.

The continued decline in toy recalls has been credited to CPSC’s and the U.S. Customs and Border Protection’s (CBP) ongoing cooperative work to detect and detain shipments of violative toys and children’s products at U.S. ports in order to create a safer marketplace for holiday shoppers. [Read more...]

Nielsen Survey Reports Rise in Holiday Spending

Nielsen‘s 2016 holiday trend report which indicates that 19 percent of U.S. shoppers are planning to spend more time online shopping for this holiday season, an increase from 17 percent last year.  [Read more...]