By 2030, and that estimate is at the conservative end of the scale. But falling birth rates and some of the highest inflation rates we ve seen in decades have created challenging conditions for manufacturers and retailers, and signal more tough times to come. While the covid pandemic boosted sales of toys and games temporarily, big name companies report that sales have started to slip back once again. Let s have a look at some of those numbers. Global toy sales reached $108] billion in 2023, a 2% drop compared to 2022, with toy companies calling it a normalisation process after that exceptional growth linked to the pandemic. But across the 612 countries, including the uk, france, germany, and spain, sales declined by 7% in 2023 compared with the previous year, but they were still 17% higher when compared to 2019, before the pandemic. I caught up with the boss of build a bear, a much loved company which allows shoppers to customise their own teddies. She s also the head of the global or
Brands barbie, fisher price and moi, that is mattel to find out how his company s fortunes are being revived. Wherever you are joining around the world, once again hello and welcome to the programme. It is a billion dollar industry driven by creativity and innovation with a global reach and a diverse market. The toy industry is forecast to reach $302 billion in sales by 2030 and that estimate is at the conservative end of the scale. But falling birth rates and some of the highest inflation rates we have seen in decades have created challenging conditions for manufacturers and retailers and signal more tough times to come. While the covid pandemic boosted sales of toys and games temporarily, big name companies reported sales have started to slip back once again. Let s look at some of those numbers. Local toy sales reached $108. 7 billion in 2023, a 2% drop compared to 2022 with toy companies calling it a normalisation process after that exceptional growth linked to the pandemic. But acr
Give the toy industry a much needed boost? this time, it s not about spending on toys for children, but adults so called kidults. An emerging generation of over 18s is snapping up collectables and nostalgia brands, and they say it s good for their mental health. I m going to be discussing that and more with my guests the boss of build a bear, the stores where you can create a bespoke teddy bear, and the chief executive of the world s biggest toy company and arguably one of its most iconic brands, lego. I ll also be catching up with the president of the company behind leading toy brands barbie, hot wheels, fisher price and more that s mattel to find out how tv and movie tie ups are reviving his compa ny s fortunes. Wherever you rejoining me from around the world, once again, a big hello and a warm welcome to the programme. It s a billion dollar industry driven by creativity and innovation, with a global reach and a diverse market. The toy industry is forecast to reach $302 billi
And charities are meeting with ministers to discuss the difficult winter ahead. Energy bills will rise again in october, when the Price Cap increases by 10 . Rachel reeves said she had to take difficult decisions in very challenging circumstances. The conservatives are calling for her to scrap the changes. Our political correspondent Iain Watson reports. Energy prices are increasing and so is the pressure on the government to help those who are struggling to pay their bills. We are bracing ourselves for a really difficult winter. We are already seeing Record Numbers of people coming to us with Energy Debt in the height of summer. That is only going to get worse when the energy Price Cap rises. From october, the Energy Regulator Ofgem is allowing prices to rise by 10 , and that represents bills of more than £1700 a year for a typical household. This morning, the government brought together big Energy Companies, the regulator, and Citizens Advice Bureau to discuss what more could be don
Came from a lab and may have been covered up. Fox and friends first continues right now. Good morning to you. You are watching fox and friends first. Todd we begin with the build up to todays highstakes summit between President Biden and russian president Vladimir Putin as relations between washington and moscow sink to new lows. Jillian america reports going to john roberts, great to see you this morning. The top of the of this meeting, we will bring that onscreen, things like cybersecurity, Election Interference, discussion of things like Climate Change. Listen to what Lindsey Graham has to say is of utmost importance. I hope President Biden will tell putin theres another cyber attack on American Business interests after your infrastructure. We need to go on the offense. We lost deterrence when it comes to the Biden Administration. And lost respect. Jillian when you are senator graham say we lost respect, how important is it the president gets this right to show russia and others why