After declaring bankruptcy last September coupled with the recent announcement of store closures and layoffs, and a bleak outlook for potential buyers or debt renegotiations, Toys R Us may have no choice but to liquidate its entire business by next week.
LEGO sales and profit dip after more than a decade of growth due to excess inventory and trying to do too much.
Spin Master announced plans to purchase 120-year-old toy maker Gund for $79 million.
LEGO announced plans to use plant-based plastics for some of its upcoming toys in its new environmental initiative.
According to The NPD Group data, L.O.L. Surprise! dominated toy sales in January in the United States.
Now nearly half of Toys R Us’ retail stores in the United States are planned for closure along with layoffs.
The Toy Association revealed the six biggest new toy trends for the new year: The ‘Big Reveal’, Millennial Nostalgia, Games Galore, Pet Play, Inspiring Imaginations, and Toys That Teach.
The Toy Association recently unveiled the 2018 Toy of the Year (TOTY) award winners.
Florida company, Basic Fun, purchased K’Nex toy company in an auction last month.
Amazon’s market share in the U.S. toy market continued to expand in 2017 with $4.5 billion in sales, a 12 percent increase over 2016, while embattled specialty toy retailer Toys R Us continues to struggle.
