Holidays remain a make or break time for toy suppliers and retailers
September 20, 2021
The Christmas selling season represents the biggest portion of the $33 billion spent annually on toys. Retailers have been trying to stock up ahead of the holidays, although inventory holes remain. “There is more demand than we can supply,” said Isaac Larian, CEO of MGA Entertainment, said, referring to retail orders for his company’s products including L.O.L Surprise dolls.
Recent News
Honda Invests $11 Billion in Canadian EV Hub
Honda Motor, in partnership with undisclosed joint venture collaborators, has announced an $11 billion investment in Ontario, Canada, to establish a robust electric vehicle infrastructure.
Young Affluent Consumers Embrace Luxury Sleep Brands
A rising trend among young affluent consumers is the integration of luxury sleep brands.
Aramark Workers Strike Again at Wells Fargo Center
Aramark workers at the Wells Fargo Center have gone on strike to demand better wages and health care benefits.
Elon Musk’s OpenAI Rival xAI Is Raising $6 Billion in Funding
Elon Musk’s xAI, which came to the market 10 months ago to compete with OpenAI, has raised almost $6 billion in funding.