Even though Hollywood’s incarnation of Barbie took home just one Academy Award this week, the famous figurine is well positioned for another year of solid sales. As PYMNTS reported, Mattel, the company behind Barbie, happily credits the doll — and her cinematic doppelganger — for helping drive the...
In a bid to navigate through tough times, Hasbro is sharpening its focus on cutting costs to revive its toy and game business. Despite a challenging year that saw a 15% drop in revenue to $5 billion, the company is determined to save money to...
In the playful world of toys, Mattel wound up its engines and announced a 9% increase in its third-quarter 2023 net sales, reaching $1.92 billion, with Barbie being the star of the show, alongside Hot Wheels. Mattel observed a rise in global gross billings, with...
Demand for larger, more complex sets helped Lego stand out among toymakers in 2022. The Danish firm announced in its annual report Tuesday (March 7) that it “significantly” outpaced the broader toy market, venue in 2022 jumped 17% to around $9.28 billion. The company attributed...
February 27, 2024
In a bid to navigate through tough times, Hasbro is sharpening its focus on cutting costs to revive its toy and game business. Despite a challenging year that saw a 15% drop in revenue to $5 billion, the company is determined to save money to reinvest in its core offerings, The Wall Street Journal reported […]
March 08, 2023
Demand for larger, more complex sets helped Lego stand out among toymakers in 2022. The Danish firm announced in its annual report Tuesday (March 7) that it “significantly” outpaced the...
December 19, 2022
Kids aren’t the only ones excited by a toy sale. One-quarter of the toys sold each year are going to adults, CNBC reported Monday (Dec. 19), citing a study by...
November 30, 2022
Offering engaging customer experiences is proving to be a profitable business model for Build-A-Bear Workshop. The company achieved record third-quarter earnings results, with revenues up 9.9% year over year during...
