Latest news with #ToyFair
Newsweek
02-05-2025
- Business
- Newsweek
List of Toys That Face Disappearing From Stores Due to Tariffs
Produced [by our journalists] with financial support from an organization or individual that did not approve or review the work. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Toymakers are reeling from the impact of President Donald Trump's tariffs on imports, some already warning that certain items could soon disappear from U.S. shelves. In a recent survey of 410 toy manufacturers, the Toy Association found that 81 percent of small companies were delaying orders due to the tariffs, with 64 percent canceling them outright. Among midsize companies, those figures rose to 87 percent and 80 percent, respectively Why It Matters Representatives of the industry have been lobbying for toys to be exempt from the tariffs, which the Toy Association's survey found could cause nearly half of U.S. toy companies to go out of business within months. However, the administration has so far expressed no indication of granting this exemption, President Trump recently admitting that prices could rise and leave children with fewer toys in the near future. Which Toys Could Leave the Shelves? Several toy makers have already warned that they had halted new orders due to the tariffs. Basic Fun! Florida-based Basic Fun! sells household-name toy brands including My Little Pony, Care Bears and Tonka Trucks. Jay Foreman said recently that he had paused shipments of Tonka trucks, Care Bears and other toys from China after Trump's early April tariff announcements, and would attempt to rely on the inventory already stockpiled in the U.S, according to The Associated Press. Care Bears, from Basic Fun!, are displayed at the Toy Fair, in New York's Javits Center, Monday, March 3, 2025. Care Bears, from Basic Fun!, are displayed at the Toy Fair, in New York's Javits Center, Monday, March 3, 2025. Richard Drew/AP Photo "Consumers will find Basic Fun toys in stores for a month or two but very quickly we will be out of stock and stock product will disappear from store shelves, " Foreman said. Even before the April 2 announcements, and the recent increases to China's tariff rates, Foreman said that tariffs would result in price increases across the company's entire range, which also includes Lincoln Logs and the light-up peg art toy Lite Brite. Duncan Toys Company The nearly 100-year old company, widely credited with popularizing the yo-yo, has a product line primarily focused on outdoor goods, including Frisbees, juggling balls, as well as indoor puzzle games. Josh Staph, CEO of Duncan Toys, told Agence France-Presse that he had halted shipments into the U.S. as a result of the 145-percent duties on Chinese imports. He said that while the products are designed and developed in the U.S, manufacturing takes place in China, and that most of the inventory that would be sold during the Christmas period had not yet entered the country. Staph added that other American toy companies will likely be taking similar action to avoid the new duties. Storytime Toys The Massachusetts-based company specialized in educational toys, such as storybooks and puzzles, which were manufactured in China. Storytime founder Kara Dyer said she placed a small order before the latest tariff hikes and is now pausing holiday season orders. "I'm going to hold out hope for another two weeks that the tariffs will be removed and I'll be able to place the order," she told The New York Times last week. "But if not, I will have to put my business on pause. I will definitely not place an order if the tariffs are in effect. It wouldn't make any sense." In a post to Instagram last month, Dyer said that relocating manufacturing to the U.S. would mean raising prices to prohibitively high levels. What People Are Saying Greg Ahearn, President and CEO of The Toy Association, told CNN: "A 145-percent tariff is tough on any industry, but ours is truly unique from the standpoint that 96 percent of the manufacturers here in the U.S. are considered small- or medium-sized businesses. So when you think about these businesses, and a 145-percent tariff being put on them, it's untenable for them." "No toys are currently being produced in China. And there are reports that major retailers here in the U.S. are starting to actually cancel orders," He added. "Christmas is at risk." President Donald Trump, downplayed the issue during a cabinet meet on Wednesday, saying: "Well, maybe the children will have two dolls instead of 30 dolls, you know. And Maybe the two dolls will cost a couple of bucks more." Marshall Murdough, director at toy company Simplay 3 E-Commerce, which manufactures in the U.S, told Fox News: "The American consumer benefits because they're not going to see an additional $15 dollars tacked on to a $100 dollar item. Our prices are going to remain the same, they can trust what they see when they look at our price whether its online or in the store." Jay Foreman, CEO of Basic Fun!, wrote in an April 11 blog post: "Since 80 percent of toys sold into the United States are from China, this is catastrophic for our industry. For now, the lucky few that are making some plush, pop figures, bricks, and plastic trucks in places like Vietnam are getting a break, but the rest of us are in the firing line." Hasbro CEO Jim Cramer told CNBC that the company was making "rapid changes" to avoid the impact of the tariffs: "You know, our goal was to get to about 40 percent of global sourcing out of China by the end of 2026. I think we'll hit that much earlier." What Happens Next? The administration remains hopeful for a deal with China it says would lead to a reduction in the tariffs. Although Beijing has dismissed this possibility, Treasury Secretary Scott Bessent has called the current situation "unsustainable for China." Newsweek has reached out to the Commerce Department via email regarding the possibility of an exemption for toys.
Yahoo
28-03-2025
- Entertainment
- Yahoo
Pixar Celebrates 'Toy Story''s Upcoming 30th Anniversary with a Clip That Will Give You All the Nostalgic Feels
Pixar is celebrating 30 years of Toy Story. In celebration of the upcoming anniversary of the first of the beloved children's films, the animation studio took a look back at some of the toys' biggest moments while sharing a special message. "One story changed the way we see toys forever," reads a caption between scenes from the films. "Some friendships only get better with time." In addition to sharing the clip on YouTube, Pixar also shared it across other social media with the caption, "30 years of friendship & beyond! 🚀 This year, join us in celebrating the iconic legacy of Toy Story. ❤️ #ToyStory30." Never miss a story — sign up for to stay up-to-date on the best of what PEOPLE has to offer, from celebrity news to compelling human interest stories. Related: The Most Popular Toys at the 1995 Toy Fair May Come as a Surprise — Buzz Lightyear, Teacher Barbie and More The first film was released in November 1995 by Pixar Animation Studios for Walt Disney Pictures, and explored what toys are up to when the kids who own them aren't around. Toy Story saw a happy-go-lucky cowboy figurine named Woody (Tom Hanks) have his world shaken up when his owner Andy (John Morris) received a cool, brand new action figure by the name of Buzz Lightyear (Tim Allen). Hanks and Allen — plus a slew of other stars — reprised their roles in Toy Story 2 (1999), Toy Story 3 (2010) and Toy Story 4 (2019), as well as numerous specials and short films. Chris Evans took over the voice of Buzz in the 2022 spin-off Lightyear, which was not as commercially or critically successful as the main films. The beloved Pixar franchise, known for its heartwarming and nostalgic tales, is set to return with a brand-new adventure. During Disney's D23 expo in August 2024, Pixar shared details about what's next for Buzz, Woody and their toy friends, as well as announcing that the fifth film will be released in June 2026. Director Andrew Stanton, a key figure in the creation of the Toy Story universe, will take the helm and said at D23 that the latest installment will tackle contemporary issues, particularly the impact of technology on childhood play. 'In Toy Story 5 the toys' jobs get exponentially harder when our toy crew goes head to head with what kids are obsessed with today: electronics,' he said at the event. Read the original article on People
Associated Press
20-03-2025
- Entertainment
- Associated Press
The Execs Collect Show™ Announces Successful Toy Fair: A Celebration of Innovation, Creativity and Collectibles
Kidults, Collectibles, S.T.E.A.M. Innovations, Licensing and Personalization Lead the Way 'We celebrate the success of Toy Fair and look forward to bringing exciting interviews to our audience and sharing the bright future of collectibles and the Execs Collect Show' — Fanny Dunagan, CEO, Tech Legacies DALLAS, TX, UNITED STATES, March 20, 2025 / / -- The Execs Collect Show is thrilled to announce the resounding success of this year's Toy Fair in New York City, which saw an enthusiastic turnout of industry professionals, executive collectors, retailers and manufacturers from around the world. The event was packed with insightful interviews, cutting-edge toy technology showcases, and engaging discussions that highlighted the diverse and innovative world of play. 'Play is important for all ages, toys are for all of life's seasons, celebrations and occasions', says award winning, toy industry veteran, Jacob R. Miles III, aka the Prince of Play™ The Execs Collect Show captured interviews that featured several industry experts who shared their perspectives on current trends and future opportunities in the collectible space. Key interviews and highlights that will be included in future shows: Heritage Auctions Executive, (who collects toys) interview: A deep dive into the world of high-value collectibles with industry leader from Heritage Auctions, exploring trends, valuable insights and opportunities for our viewers. Fun in Motion Toys: A fascinating discussion on the intersection of math, geometry, engineering, and technology behind Fun in Motion Toys, revealing the educational and mental health value of play. Prime 3D Puzzles Technology and 1Di Inc: An exploration of the latest advancements in 3D puzzle technology, showcasing how these intricate designs captivate both young and adult audiences. Crane Machines and Software: An exclusive executive interview highlighting the hardware and software driving crane machines, the software behind them and their collectibles. We shine the light on a new trend emerging in America. Find out how these crane machines are being gamified and revolutionizing the collectible market with UNIS Technology Ltd. The Controllors™ media franchise, character Sensaron was spotted at Toy Fair and interviewed. They continue to captivate fans, drive interest and solidify the Controllors place among collectibles. Get ready for the next big show! The upcoming Execs Collect Show promises even more exciting showcases, interviews, and discussions from the Toy Fair that will continue to push the boundaries of innovation and creativity in the world of collectibles. 'We celebrate the success of Toy Fair and look forward to bringing exciting interviews to our audience and sharing the bright future of collectibles and the Execs Collect Show!' says Fanny Dunagan of Tech Legacies and Co-host of the Execs Collect Show. The Toy Fair and the Collectible Space: This year's toy fair demonstrated how the growing collectible space is evolving with impressive stats showing a significant increase in the popularity of kidult purchased toys. Industry reports indicate a notable rise in sales, with the demand for these pop culture and sports focused toy figures, cards and games growing among adult collectors. Execs Collect Show introduces a new show segment, 'Exec Appeal' that will spotlight the most coveted and innovative collectibles that appeal to executives and entrepreneurs, providing viewers with exclusive insights and behind-the-scenes access. We invite advertisers and sponsors to join us by partnering with the Execs Collect Show. Your partnership will help us continue to bring unparalleled content and experiences to our dedicated high-income audience and drive exclusive attention to your business as well. About Toy Fair™ The Toy Association, founded in 1916, the business trade association produces the world-renowned Toy Fair in New York City; hosts marketplace activities in Los Angeles; engages in state, federal, and international advocacy on behalf of its members; supports the inventor and design community through People of Play™ and its numerous assets and events, including the consumer facing Chicago Toy and Game Fair; sustains the Canadian Toy Association and more. The Toy Association leads the health and growth of the U.S. toy industry, which has an annual economic impact of $157.5 billion. About the Execs Collect Show™ Execs Collect™ Show is a series set in a modern studio, grounded in the roles and backgrounds that technology executives play in the creation and collection of vintage and modern collectibles. The show is filmed in the Dallas-Ft. Worth Metroplex. Nostalgia is used as a powerful emotion that creates a strong bond between viewers and the show. By tapping into childhood memories, it elicits positive emotions and a sense of familiarity, leading to its increasing viewership. Kidults are growing, loyal viewers, as their emotional connection with pop culture and sports brands extends beyond fleeting trends. The Exec Collect™ Show was launched by Tech Legacies, a media company serving the technology industry and MAP Digital Network, a leader in innovative digital media and content development. MAP Digital Network - MAP Labs +1 214-763-1134 LinkedIn YouTube Legal Disclaimer:
Yahoo
11-03-2025
- Entertainment
- Yahoo
119th Toy Fair® Unites Global Play Community to Drive Business Growth & Celebrate Latest Innovations
Largest Toy Show in Western Hemisphere Welcomed Play Professionals from Nearly 100 Countries NEW YORK, March 10, 2025 /PRNewswire/ -- The Toy Association's 119th Toy Fair® brought the global play community to New York City's Javits Center to place orders, build business connections, and explore the latest trends and innovations in toys across the equivalent of nearly eight football fields of exhibition space. The global marketplace, which took place March 1 to 4, was alive with discovery — where retailers sought out the hottest new products, media uncovered future bestsellers, and exhibitors formed crucial partnerships that will be essential to their business' future. The global event delivered an engaging lineup of educational programming that empowered attendees with insights into the future of play, while networking and business opportunities reinforced the industry's collaborative spirit. "From the moment we cut the ribbon at the opening ceremony, Toy Fair ignited with an energy that carried through every aisle, stage, and networking event," said Greg Ahearn, president & CEO of The Toy Association™, producer of Toy Fair. "It was a powerhouse show filled with momentum as industry leaders, retailers, inventors, designers, and more came together to participate in the most efficient and valuable four days of the toy planning year. Deals were made, creativity flourished, and new opportunities emerged, reinforcing Toy Fair's role as a cornerstone event of the global toy industry. This year's show proved once again that when we unite, the possibilities are endless." Toy Fair attracted thousands of buyers from mass, mid-sized, and specialty retail outlets spanning all 50 states and 79 countries and territories to preview 2025 holiday toy collections, and for some, spring 2026 products (In all, nearly 100 countries were represented by all categories of Toy Fair attendees). From Amazon and Barnes & Noble, to Five Below, Macy's, Target, and Walmart, 21 of the top 25 toy sellers were in attendance as tens of thousands of products were on display by nearly 850 exhibiting companies, from billion-dollar global brands to nearly 250 emerging toy companies exhibiting at Toy Fair for the very first time. For first-time toy buyer Erin Schmidt, category manager at Kroger Inc. (Fred Meyer), Toy Fair was an immersive introduction to the world of toys, offering firsthand insight into the industry's latest products, trends, and innovations: "I would have to say, this show was amazing! It was incredibly educational to me, being new to toys, to not only see the items that I carry now, but also what is in the queue for fall. It was quite the experience to walk into the Javits Center on Saturday to music, a parade, and seeing characters throughout the day. [It was] truly an energetic, fun, and exciting show and I was thrilled to be part of it!" Additional buyer feedback was positive with Kimberly Coelho, senior manager at Cineplex Entertainment, stating, "My experience at the show was uplifting and inspiring. You could feel the energy, innovation, and passion in the room, and I left feeling more excited about the future of toys. It was a fantastic opportunity to network, discover new trends, and hear inspiring speakers. I look forward to further building out the new and reenergized connections." Added Anna Greusel, divisional merchandise director at SSA GROUP, which supports zoos, museums, and other cultural attractions: "Attending Toy Fair 2025 was an invaluable experience. It not only allowed me to explore the latest trends and innovations in the toy industry, but also gave me the opportunity to connect with our existing vendors, build new relationships, and discover unique products that align perfectly with the needs of my business." Nearly 1,000 global print, digital, and broadcast journalists, plus an array of top-tier social media influencers and digital content creators, participated in Toy Fair to scoop the toy stories of the year and report on The Toy Association's top toy trends of 2025. Media outlets at Toy Fair included The Wall Street Journal, Fox Business, The Today Show, Good Morning America, CBS Mornings, The New York Times, BBC, Bloomberg, Reuters, Forbes, The Street, Cheddar, ABC News, The Daily Show, The Kelly Clarkson Show, The Tonight Show, Shark Tank, and many more. Top-tier influencers included We Wear Cute, Toy Testing Sisters, PCS Girls Official, Twindollicious, Play Live Repeat, and more. Hundreds of social media posts have rolled in from these major creators, totaling 10 million impressions at the time of this writing. Toy Fair exhibitors showcased an array of toys designed for kids (and kids at heart), including "Newstalgic" toys with a modern twist, personalized play experiences that reflect kids' "vibes," the hottest new collectibles, toys inspired by popular entertainment, and everything in between. Toy Fair also served as a hub for exchanging ideas on the most critical issues and topics impacting the play industry, with the Toy Fair University stage presenting sessions that delved into toy safety and compliance, generative AI, toy trends, marketing in today's landscape, tools for inventors, and much more. Additional programming included Toy Fair Student Congress, which connected almost 500 university-level students with toymakers at the show, and Creative Factor Inventor Day, which closed out Toy Fair by providing select up-and-coming inventors with the opportunity to pitch their ideas to top toy professionals and manufacturing partners. Attendees also had a chance to check out the new dedicated Student Showcase Gallery, which displayed the talents of toy design students from the Fashion Institute of Technology (FIT) and Otis College of Art and Design, while the spirit of innovation and celebrating the inventor community continued at People of Play's (POP) 25th Anniversary Toy Fair POP Pub Party. "It was a really fantastic show for us," said Mark Carson, president & co-founder of Fat Brain Toys. "There was a lot of great foot traffic, and [Toy Fair is] really in the center of the toy universe when it comes to specialty, mass, and everybody who wants to see what's new in the industry." "We have had a fantastic Toy Fair," said Ryan Hamilton, CEO of Plus-Plus USA. "This is our 15th year exhibiting here in New York, and it's been a very busy show every day. We've had our appointment book full and lots of walk-by traffic as well, so we're really happy with the show. We're glad it's back!" Hundreds of toy professionals and companies also generously donated nearly $1.3 million worth of products and financial contributions to The Toy Foundation's Toy Chest initiative, the philanthropic arm of The Toy Association, which delivers the power of play to children when they need it most. The donations will directly impact 35,000 children and families and are currently being distributed to non-profit organizations, schools, and children's hospitals nationwide. Ahearn added: "We closed the show with an inspiring reminder of our industry's generosity through The Toy Foundation's toy collection. Toys do more than entertain — they are a critical ingredient to a child's physical, mental, and emotional development. Toys spark imagination, create lasting memories, and bring people together across generations, especially for kids who need the comfort of toys and play the most. Toy Fair is where the magic of play begins, and the impact from this year's charitable giving will have a positive impact on many families this year through the holiday season." The global toy industry will come together once again for the 120th Toy Fair®, taking place February 14 to 17, 2026 at the Javits Center in New York City. Make sure to check out the Toy Fair Online Press Room for Toy Fair stats, exhibitor press releases, high-res images from the show floor, broadcast quality b-roll, and more. Follow our post-show coverage on Instagram and LinkedIn (#toyfairlife). About Toy Fair® Toy Fair® is the largest and most comprehensive play-focused experience unifying the toy industry's entire ecosystem with key players to help with business development and sourcing the latest products from across all forms and stages of play. Featuring thousands of new and unique toys, games, edutainment, entertainment-driven experiences, and more from around the world, Toy Fair offers attendees a competitive edge no other trade event can match. About The Toy Association™ / / / / in 1916, The Toy Association™, Inc. is the business trade association representing all businesses involved in creating and delivering toys and youth entertainment products for kids of all ages. The Toy Association leads the health and growth of the U.S. toy industry, which has an annual U.S. economic impact of $157.5 billion, and its roughly 900 members drive the annual $42 billion U.S. domestic toy market. The Toy Association serves as the industry's voice on the developmental benefits of play and promotes play's positive impact on childhood development. The organization has a long history of leadership in toy safety, having helped develop the first comprehensive toy safety standard more than 40 years ago, and remains committed to working with medical experts, governments, consumers, and the industry on ongoing programs to ensure safe and fun play. As a global leader, The Toy Association produces the world-renowned Toy Fair™ in New York City; hosts marketplace activities in Los Angeles; engages in state, federal, and international advocacy on behalf of its members; supports the inventor and design community through People of Play™ and its numerous assets and events, including the consumer-facing Chicago Toy & Game Fair; sustains the Canadian Toy Association; acts as secretariat for the International Council of Toy Industries and International Toy Industry CEO Roundtable; and chairs the committee that reviews and revises America's widely emulated ASTM F963 toy safety standard. The Toy Association's philanthropic arm is The Toy Foundation™, a 501 (c)(3) children's charity that acts as the uniting force for the collective philanthropy of the toy industry. To date, The Toy Foundation has delivered the joy of play to 33 million children in need worldwide. View original content to download multimedia: SOURCE The Toy Association
Yahoo
10-03-2025
- Business
- Yahoo
Why Trump tariffs are burning up your portfolio
Everyone wants to believe pain and anguish won't show up at their doorsteps. Bad things happen to everyone else, right? Well, that is the WRONG way to be thinking right now when putting money to work in the markets! If you believe Trump tariffs are bluffs that won't happen (or if they do to any extent, won't be a big deal), you need to wake up and smell the sauce cooking on the wide-open gas flame. Expect pain! Model for pain in corporate cash-flow estimates and valuations. Do downside scenario valuation analysis. Don't look at the beat-up chart of Nvidia (NVDA) on Yahoo Finance and think an imaginary support level holds in this choppy market. Anticipate Nvidia's chart getting uglier until it doesn't anymore. Watch: Trump tariffs may drill retailers You are getting burned because you aren't taking Trump news seriously enough and still expect an amazing year of making easy money. Regulations are going to be cut by the administration. We are getting a bitcoin reserve. Here come tax cuts. Food prices are going to suddenly tank. None of this grandiose stuff has happened yet, and it may not at all. The market action is telling you this will not be the case, at least in the near term. The week began with 25% tariffs on Canada and Mexico. The week ended with these tariffs being put on pause until Apr. 2, likely as the stock market came under siege. New 10% tariffs on China still went into effect on top of the 10% one already in place. Trading partners are retaliating. "This is f*cking chaos," one source told me by text midweek. Yep. Corporate America is also telling you this is all chaos — the same Corporate America that powers S&P 500 (^GSPC) earnings and the stock market. Profit warnings have mounted as cautious consumers pulled back on spending after the holidays. And execs have issued below-consensus 2025 outlooks as they plan for a barrage of costly tariffs. Walmart's (WMT) outlook was poorly received by investors in mid-February. Rival Target (TGT) didn't have much good to say either this week when it reported fourth quarter results and guidance. Abercrombie & Fitch's (ANF) outlook was shy of estimates; ditto Best Buy (BBY) and Macy's (M). "I think for the toy category it's probably months," Hasbro (HAS) CEO Chris Cocks told me on Yahoo Finance's Opening Bid podcast (video above). Cocks — in NYC for the 2025 Toy Fair, where Hasbro showed off the latest for Monopoly, Play-Doh, and Nerf — was referencing when toy prices would go up as a result of fresh tariffs. Nearly 80% of US toys are manufactured in China, according to industry trade group the Toy Association. Cocks said toy prices would go up 50% in some cases if more production is brought back to the US. The cost increases reflect the intricate nature of making many toys and the difficulty of finding skilled labor. If there is any savings grace, Wall Street is waking up to the short-term reality of living in Trump 2.0 — and that may make earnings warnings less shocking should they continue. Listen: Trump tariffs may trigger stagflationary shock During the months of January and February, analysts lowered EPS estimates by a larger margin than average. The first quarter bottom-up EPS estimate for the S&P 500 decreased by 3.5% from December 31 to February 27, according to data from FactSet. FactSet said the drop in the bottom-up EPS estimate recorded during the first two months of the first quarter was larger than the five-year average, the 10-year average, the 15-year average, and the 20-year average. "We remain wary of committing significant funds to the market until the wishy-washy tariff policy of the United States has a clear path forward. And even then, a trade war is not good for the economy, earnings or stock prices," said Birinyi Associates strategist Jeffrey Rubin. Brian Sozzi is Yahoo Finance's Executive Editor. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email Sign in to access your portfolio
