Toys “R” Us Receives Court Approval of First Day Motions to Support Business Operations

877d58a0-611f-478c-9dd6-ddca770cc5d6The U.S. Bankruptcy Court for the Eastern District of Virginia granted either final or interim approval for all of Toys “R” Us Inc.’s first day motions related to its Chapter 11 restructuring. Collectively, the orders granted by the Court at a hearing on Sept. 19 will help ensure that the company continues normal business operations throughout the financial restructuring process. [Read more...]

Halloween Spending to Reach Record $9.1 Billion

nrf1Halloween spending in the U.S. will reach a record $9.1 billion, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. The figure is up 8.3 percent from last year’s previous record of $8.4 billion. [Read more...]

The Toy Insider Predicts Toys to Top Kids’ Wish Lists with Expert 2017 Hot Holiday Toy Picks

The Toy Insider Holiday Gift Guide-Cover-2017The Toy Insiderone of the toy industry’s most influential organizations and a trusted go-to resource for parents and gift-givers, today unveiled its expert picks for the best kids’ toys and tech in its 12th annual holiday gift guide. The hottest and most coveted items for 2017 are broken out into three lists: the Hot 20 (the most wished-for items of the year), Top Tech 12 (featuring AI, AR, VR and other cutting-edge technologies), and STEM 10 (science, technology, engineering and math toys that make learning fun).

These hand-picked 42 items represent an incredible assortment of must-have collectibles, interactive toys, traditional playthings, and tech-infused robots and drones, among many more categories that are sure to make kids of all ages jump for joy this holiday season.  [Read more...]

Zuru, Tangle Creations Partner to Relaunch Tangle Toys

Tangle_blogZuru partnered with Tangle Creations to relaunch inventor and sculptor Richard Zawitz’ Tangle toys. The new line is available now at major retailers in the U.S. and a marketing campaign will roll out next month. [Read more...]

NPD Reports August 2017 Video Game Sales

npd-group copyTotal industry spending for video game hardware, software, and accessories from July 30 to Aug. 26, 2017 declined 2 percent to $568 million compared to last year, according to analysis from The NPD Group.

Video games hardware sales compared to the same period last year decreased 6 percent from $179 million last year to $168 million this year; video games software decreased 2 percent from $276 million last year to $271 million this year; and video games accessories increased 10 percent from $108 million last year to $118 million this year.

The top 10 games for the period based on dollar sales in August across all platforms are Madden NFL 18, Grand Theft Auto V, Unchartered: The Lost Legacy, Splatoon 2, The Legend of Zelda: Breath of the Wild, Tom Clancy’s Rainbow Six: Seige, Mario Kart 8, Call of Duty: Modern Warfare Remastered, Crash Bandicoot: N. Sane Trilogy, and Overwatch.

Mega Show Comes to Hong Kong in October

MegaShow_blogMega Show Part 1 will take place from Oct. 20 to 23 at the Hong Kong Convention and Exhibition Center. The Asian Toys and Games Show, an umbrella event under Mega Show, will feature more than 200 Asian- and internationally-based suppliers presenting traditional toys, gadgets, and games.  [Read more...]

Alpha Group Launches Latin American Operations

ALPHA_Logo-300x262Following launches of subsidiaries in North America, France, the UK, and Canada, Alpha Group appointed Jose Antonio Espinoza to head the launch of Latin American operations.  [Read more...]

Toys “R” Us Files for Chapter 11 Bankruptcy Protection

877d58a0-611f-478c-9dd6-ddca770cc5d6Toys “R” Us Inc. last night announced that the company and certain of its U.S. subsidiaries and its Canadian subsidiary have voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Eastern District of Virginia in Richmond, VA. In addition, the company’s Canadian subsidiary today intends to seek protection in parallel proceedings under the companies’ Creditors Arrangement Act (“CCAA”) in the Ontario Superior Court of Justice. Toys “R” Us intends to use these court-supervised proceedings to restructure its outstanding debt and establish a sustainable capital structure that will enable it to invest in long-term growth.

The company’s operations outside of the U.S. and Canada, including its approximately 255 licensed stores and joint venture partnership in Asia, which are separate entities, are not part of the Chapter 11 filing and CCAA proceedings. [Read more...]

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

nrf1Retail 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. [Read more...]

Ravensburger Acquires ThinkFun

Screen Shot 2017-09-18 at 10.05.12 AMRavensburger AG acquired ThinkFun, broadening the company’s portfolio of brands. ThinkFun joins Wonder Forge, acquired in 2012, and BRIO, acquired in 2015, as the newest company under the recently established Ravensburger North America division. [Read more...]