All articles tagged with #toy industry
Despite a record-breaking third-quarter U.S. sales increase, Pop Mart's stock declined 9%, with concerns over fading demand for Labubu dolls as resale prices drop, possibly due to increased supply and efforts to curb scalping, amidst ongoing global expansion and celebrity endorsements.
Mattel's third-quarter earnings missed Wall Street expectations due to a 12% decline in North American sales, primarily impacted by tariffs and shifting retailer ordering patterns, leading to a 4% drop in after-hours stock. Despite challenges, the company remains optimistic about the fourth quarter and is expanding its entertainment and licensing efforts.
The hype around Labubu dolls has faded, leading to a nearly 9% drop in Pop Mart's stock in Hong Kong and erasing about $13 billion in value, as JPMorgan downgrades the company due to weak catalysts and declining secondary market demand, despite its strong year-to-date performance.
Hasbro is relocating its headquarters from Pawtucket, Rhode Island, to Boston's Seaport District, bringing at least 700 jobs by 2026, while maintaining strong ties to Rhode Island. The move aims to enhance innovation and growth, following LEGO's recent relocation to Boston, with additional operations in Seattle.
Small and midsize toy companies are struggling to survive due to new tariffs on Chinese imports, with some expecting significant revenue losses and inventory shortages for the holiday season.
Pop Mart's shares rose 10% after reporting a nearly 400% increase in net profit driven by global demand for its Labubu dolls, with revenue up over 200% in the first half of 2025, despite concerns about the longevity of its IPs and regulatory scrutiny on blind-box toys.
Pop Mart's shares dropped over 6% despite forecasting a 350% profit increase and 200% revenue growth for H1 2025, amid investor concerns over sales sustainability and valuation, despite strong recent earnings and global brand recognition.
Pop Mart, a Chinese toy company known for its Labubu dolls, is experiencing a significant surge in profits, expected to increase by at least 350% in the first half of the year, driven by global brand recognition, viral popularity, and strategic partnerships, with the Labubu dolls becoming a cultural phenomenon worldwide.
Alan Hassenfeld, former CEO of the toy company Hasbro and member of the founding family, has passed away at age 76. He played a significant role in the company's growth and was known for his philanthropy and dedication to children's welfare. His death was announced by Hasbro, but details about the cause and circumstances remain unclear.
Alan Hassenfeld, former CEO of Hasbro and a notable philanthropist known for his contributions to children's welfare and social causes, has died at age 76. He played a key role in expanding Hasbro globally and was deeply involved in charitable work, including founding the Hasbro Children's Hospital and supporting various initiatives in Rhode Island.
Labubu, a tiny elf doll, is driving the success of China's most valuable toy company, highlighting the growing influence of innovative toys in the market.
U.S. toymakers are concerned about potential tariffs on Chinese imports promised by President-elect Donald Trump, which could significantly raise toy prices and impact sales. Most toys sold in the U.S. are manufactured in China, and a 60% tariff could lead to higher consumer prices. Toy companies are considering moving production to other countries, but this carries risks if trade policies shift. Domestic manufacturing is often too costly, leaving companies like Basic Fun! and American Plastic Toys uncertain about future strategies.
Hasbro has decided to stop funding movies based on its toy brands due to disappointing box office returns from films like "Dungeons & Dragons: Honor Among Thieves" and "Transformers One." While the company will still allow others to license its brands for films, it will no longer produce its own movies. This shift comes despite the success of toy-based films like "Barbie," as Hasbro's CEO Chris Cocks plans to focus more on interactive entertainment, including video games.
Despite a tough year for Lego, the toymaker saw a 2% increase in revenue in 2023, reaching 65.9 billion Danish krone, with consumer sales up 4% driven by demand in the U.S. and central and eastern Europe while struggling in China. The CEO highlighted plans for growth in China, including opening new stores, and emphasized the importance of staying relevant through popular collaborations and product offerings.
Activist investor Barington Capital is urging Mattel to consider selling off its underperforming American Girl and Fisher-Price brands, citing revenue declines and their negative impact on shareholder value. Barington also criticized Mattel's excessive stock-based compensation and urged the company to pause merger and acquisition efforts in favor of a $2 billion share repurchase operation. Mattel shares rose following the news, and the company stated that it looks forward to engaging with Barington and is reviewing their letter.