Author: Kristen Nelson

Grossed Out: The Newest Trend in Toys is a Bit Icky

Crisp popping noises, slimy feels running between fingers, funky smells wafting through the air, and unpleasant shapes of things usually kept in the bathroom: The gross trend is here and it’s all about the sensory experience. Fake bugs and vomit have always been classic gags, but this trend is more about embracing the yuck and getting everyone to interact together with a bit of humor. In a sea of unicorns and sequins, the popularity of ickiness seems to balance out the toy world, particularly in the games and collectibles aisles. The slime craze took over much of last year,...

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Jakks Revises 2016 Guidance To Reflect Seven Percent Decline in Net Sales

Jakks Pacific Inc. revised its previously issued outlook for 2016, as the company now expects net sales of approximately $700 million. This is seven percent lower than its previous outlook, with earnings expected to be approximately $0.01-$0.05 per diluted share. Adjusted EBITDA is expected to be approximately $37.0 million for the year. The shortfall is primarily due to lower sales than expected in key product lines. By comparison, net sales in 2015 were $745.7 million with earnings of $0.71 per diluted share and adjusted EBITDA of $51.0...

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Hasbro Donates Half a Million Toys with Global Employee Volunteer Projects

Hasbro Inc. celebrated its fourth annual Global Day of Joy with volunteerism and toy donations. Each December, all of Hasbro’s employees worldwide volunteer as “elves” in their local communities. This year, Hasbro also donated more than half a million toys and games to organizations benefitting children, valued at $6 million. The efforts are also part of Hasbro’s Be Fearless Be Kind initiative, which launched earlier in the year. Ninety-three percent of Hasbro employees worldwide participated in this year’s Global Day of Joy across 40...

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