At its annual general meeting held on Monday, the Toy Industry Association (TIA) announced the election of three new members to the TIA Board of Directors for two-year terms of office expiring in February of 2017. Nominated to serve their first terms on the TIA Board were Kerry Cunnion, senior vice president of sales at Tomy International; Howard Kahn, chairman of Madame Alexander and CEO of Kahn Lucas; and Bruce Raiffe, president of Gund. [Read more...]
Saban Brands and Fisher-Price have teamed up for a new line of Imaginext products, inspired by the Mighty Morphin Power Rangers. The line will feature a range of figures, villains, weapons, Zords, and a giant Megazord. The Megazord will feature multiple levels of play, eight points of articulation, a disc launcher, ranger elevator, command center, and villain jail. All of the products will be available exclusively at Toys “R” Us in May, followed by a global rollout to additional retailer later in the year.
In addition, Saban Brands has partnered with Bendon Inc. for a Power Rangers Dino Charge product line of premium coloring activity books, stickers, puzzles, and more. The products will launch this month across multiple retailers including Hobby Lobby, Rite Aid, and Dollar Tree.
An exclusive forum for TIA member manufacturers, the Toy Fair Credit Meeting offers trade information and educational and networking opportunities for credit, finance, and operations professionals. Through discussions and workshops, industry experts, major retailers, and fellow participants of the TIA Credit Interchange program will share knowledge from across the toy industry. [Read more...]
Toys “R” Us will hold its 10th Great Trade-In event, beginning January 23 and continuing through February 21, at Babies “R” Us and Toys “R” Us stores across the U.S. Over the duration of the event, stores will accept any used cribs, car seats, bassinets, strollers, high chairs, infant swings, bouncers, travel systems, walkers, entertainers, and play yards in exchange for 25 percent savings on the purchase of a new baby item, in any of these product categories.
There is no limit to the number of items a customer can trade in. In addition, consumers who do not have items to trade in will receive 15 percent off a new gear or furniture item with an in-store only coupon available on babiesrus.com/greattradein.
Since August 2009, products traded in as part of the Great Trade-In event were missing parts or damaged, while others were decades old or showed obvious signs of wear and tear.
Next year’s entire line of Lincoln Logs, part of the K’NEX family of brands, will be manufactured in the U.S. by Pride Manufacturing in Burnham, Maine. Following industry trends, Lincoln Logs production was moved overseas during the mid-20th century. K’NEX, which licenses the brand from Hasbro, has been manufacturing Lincoln Logs since 1999.
Pride Manufacturing, the world’s leading supplier of wooden golf tees and related golf accessories, met K’NEX’s requirements for a wood manufacturing facility that could match the precision and detail required for Lincoln Logs. All sets come with a storage container for clean-up, are intended for kids ages 3 and up, and will be available next fall.
Toys “R” Us Times Square is opening its doors at 7 a.m. this morning, and will remain open through 10 p.m. on Christmas Eve, to provide New Yorkers and visitors with 183 uninterrupted hours for holiday shopping. Specialty services such as personal shopping and corporate sales; gift-wrapping; and shipping to local, national, and international locations are also available.
In the days leading up to Christmas, Toys “R” Us will offer extended shopping hours at stores nationwide. From December 20 through December 22, stores will remain open from 6 a.m. until 2 a.m., while beginning at 6 a.m. on December 23, and continuing through 9 p.m. on Christmas Eve, Toys “R” Us stores will be open around the clock.
At Toys “R” Us stores between now and December 20, deals are available on all Barbie dolls, Charmazing kits, Transformers Stomp & Chomp Grimlock, Teenage Mutant Ninja Turtles Blu-ray/DVD/Digital Combos or Blu-ray combo packs with ear buds and masks, Skylanders Trap Team Starter Packs, LeapTV systems, The Lego Movie DVD with Lego construction set, Imaginext toys, and select board games (while supplies last). [Read more...]
On Thursday, Toys “R” Us Inc. reported financial results for the third quarter ended November 1. Adjusted EBITDA for the third quarter improved by $43 million compared to the prior year period, while consolidated gross margin, as a percentage of net sales, increased by 90 basis points compared to the prior year period. Gross margin dollars were $908 million, compared to $896 million for the prior year period, an increase of $12 million.
Gross margin, as a percentage of net sales, was 36.9 percent, an increase of 0.9 percentage points versus the prior year period. The margin improvement was primarily attributable to the domestic segment, which increased by 1.8 percentage points, to 35.3 percent, as a result of promotional efficiencies. [Read more...]