Latest news with #toys
The Independent
3 hours ago
- Entertainment
- The Independent
The eye-watering profit Labubu maker expects to make from trend
Chinese toymaker Pop Mart anticipates a significant profit increase of at least 350 per cent and a revenue jump of around 200 per cent for the first half of the year, driven by the immense popularity of its Labubu dolls. The fang-toothed plush toys gained widespread global demand after celebrities like Blackpink 's Lisa and Rihanna were seen with them, contributing to Pop Mart's valuation reaching $40bn (£31.6bn). Originally created by artist Kasing Lung in 2015, Labubu figurines were first sold by Pop Mart in 2019, with their popularity soaring after plush keyring versions were introduced in 2023 and gained visibility on TikTok. Labubu dolls, typically priced around $40 (£30), are sold in limited quantities via 'blind boxes', a marketing strategy that has faced criticism for potentially encouraging compulsive buying. The high demand has led to rare Labubus reselling for over $1,000 (£745) and a life−sized figure fetching $1.08m yuan ($150,000 or £111,800) at auction, prompting Pop Mart to issue guides on verifying authenticity and to scale up production.
Yahoo
10 hours ago
- Business
- Yahoo
Labubu craze to drive up profit 350%, Pop Mart says
Pop Mart, the Chinese toy firm behind the hugely popular Labubu dolls, has said its profits are set to soar for the first six months of this year. The Beijing-based company said in a preliminary statement that it expects profits for the period to jump by 350% as revenues more than tripled. Pop Mart, which has a stock market value of more than $45bn (£34bn), also said profitability had been boosted by increased recognition of the brand globally and cost controls. Collectors have been obsessed with the viral Labubu dolls - fictional elf-like creatures with a row of jagged teeth - which have flown off shelves and sparked long queues in shops worldwide. The company is best known for selling toys in "blind boxes" - a type of packaging that hides its contents until it is opened. Launched in 2019, Labubu dolls have helped the company become a major retailer, operating more than 2,000 vending machines and stores around the world. Pop Mart began selling its shares on the Hong Kong Stock Exchange in 2020. The company's stock market valuation has jumped by almost 600% in the last year. Sales from outside mainland China contributed to nearly 40% of its total revenue in 2024. Many shops around the world had to pause sales of Labubu dolls due to overwhelming demand. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
BBC News
11 hours ago
- Business
- BBC News
Labubu craze to drive up profit 350%, China's Pop Mart says
Pop Mart, the Chinese toy firm behind the hugely popular Labubu dolls, has said its profits are set to soar for the first six months of this Beijing-based company said in a preliminary statement that it expects profits for the period to jump by 350% as revenues more than Mart, which has a stock market value of more than $45bn (£34bn), also said profitability had been boosted by increased recognition of the brand globally and cost have been obsessed with the viral Labubu dolls - fictional elf-like creatures with a row of jagged teeth - which have flown off shelves and sparked long queues in shops worldwide. The company is best known for selling toys in "blind boxes" - a type of packaging that hides its contents until it is in 2019, Labubu dolls have helped the company become a major retailer, operating more than 2,000 vending machines and stores around the Mart began selling its shares on the Hong Kong Stock Exchange in 2020. The company's stock market valuation has jumped by almost 600% in the last from outside mainland China contributed to nearly 40% of its total revenue in shops around the world had to pause sales of Labubu dolls due to overwhelming demand.
Yahoo
11 hours ago
- Entertainment
- Yahoo
Live-Action ‘My Little Pony' Movie in the Works From Amazon MGM and Hasbro
'My Little Pony' is getting ready to gallop on to the big screen in a live action feature from Amazon MGM Studios and Hasbro Entertainment, Variety has confirmed. Based on the popular toys that date back to 1982, the ponies have cantered into numerous animated series and feature films since the 1980s. The most recent feature-length outing was 'My Little Pony: A New Generation' in 2021, which became popular on Netflix. More from Variety Amazon MGM Studios Names Charlie Coleman as Head of International Theatrical Marketing What's Next for Denis Villeneuve's Bond Movie? Amazon's Wishlist Includes Jacob Elordi, Tom Holland and Harris Dickinson Amazon MGM Partners With Sony Pictures for International Theatrical Distribution Under New Multi-Year Deal My Little Pony toys have been sold in more than a thousand varieties, according to Hasbro. My Little Pony was recently inducted into the National Toy Hall of Fame. Hasbro's strategy to produce film and TV series based on its familiar brands include reimagining 'Clue' on film and television with Sony's TriStar and Sony Pictures Television, the live-action Dungeons & Dragons series 'Forgotten Realms,' in development at Netflix, the animated 'Magic: The Gathering Series' in production at Netflix, the live-action film and television 'Magic: The Gathering' universe with Legendary Entertaimnent and game shows based on Trivial Pursuit and Scrabble which premiered on the CW. The news was first reported by The Insneider. more to come… Best of Variety 'Harry Potter' TV Show Cast Guide: Who's Who in Hogwarts? Final Emmy Predictions: Talk Series and Scripted Variety - New Blood Looks to Tackle Late Night Staples Oscars 2026: George Clooney, Jennifer Lopez, Julia Roberts, Wagner Moura and More Among Early Contenders to Watch
The Sun
21 hours ago
- Lifestyle
- The Sun
Every Middle of Lidl bargain landing this week – including anti-allergy bedding & long-blooming flowers for just £1.99
LIDL shoppers are in for a treat this week with a variety of bargains hitting the middle aisle. From plants and children's toys to bathroom buys and hardware, you can grab everything you need in one go. Lidl customers will be able to get their hands on savvy deals, with new buys launching every Thursday and Sunday. Green-fingered shopers can pick up a variety of indoor and outdoor plants this summer. Designed to be low maintenance, this decor item will "add serenity" to your home. Meanwhile, you can fill out your flower beds with bedding plants for just £1.99 or a dianthus for the same price. You can also attract bees and other pollinators to your garden with a £4.99 lavender. There are a variety of other items on offer, with all plant buys set to hit shelves on Thursday, July 17. Children's toys You can also grab deals on a variety of kid's toys, including a Portable Basketball Hoop for £39.99 and a Triple Swing Set for £54.99. And shoppers can choose from a football, basketball, or volleyball, all available for £5.99 each. For indoor days, there are a collection of puzzle, activity, and colouring books available, from £1.29. All these items hit the middle aisle on Thursday, July 17. Five Lidl rosés you need this summer, according to a wine expert - a £6.99 buy is as light & crispy as £22 Whispering Angel Home buys You can pick up a range of home gadgets, including a Singer Sewing Machine for just £99.99 and a Silvercrest Personal Care Hair Waver for £14.99. The sewing machine will be available from Thursday, July 17, while the bathroom buys won't hit shelves until Sunday, July 20. Other bathroom gadgets include a Silvercrest Personal Care Ionic Hair Dryer for just £9.99, Oral-B Electric Toothbrushes for £39.99, and Silvercrest Personal Care Facial Hair Remover for just £7.99. Car and hardware buys Lidl shoppers can also nab a Parkside Car Polisher Spot Repair for just £29.99 and an Ultimate Speed Mini-Compressor for £12.99, both available from Thursday, July 17. Meanwhile, a variety of Parkside gadgets are also hitting the middle aisle on Sunday, July 20. Why do Aldi and Lidl have such fast checkouts IF you've ever shopped in Aldi or Lidl then you'll probably have experienced its ultra-fast checkout staff. Aldi's speedy reputation is no mistake, in fact, the supermarket claims that its tills are 40 per cent quicker than rivals. It's all part of Aldi's plan to be as efficient as possible - and this, the budget shop claims, helps keep costs low for shoppers. Efficient barcodes on packaging means staff are able to scan items as quickly as possible, with the majority of products having multiple barcodes to speed up the process. It also uses 'shelf-ready' packaging which keeps costs low when it comes to replenishing stock. The Parkside Wet & Dry Vacuum Cleaner will be available for just £54.99, while a 46-piece Parkside Ratchet Set is listed for £9.99. Bedding And Lidl shoppers will also be able to pick up a variety of allergy-friendly bedding. This includes a two-pack of Slumberdown Anti-Allergy Pillow Protectors for just £4.99, a Single Slumberdown Anti-Allergy Mattress Protector, also available for £4.99. These bedding buys along with some others will land in the middle aisle on Sunday, July 20. More Lidl offers Plus, a viral tan from Lidl has proven to be a fan favourite this summer season.
