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
The team working on the project were told the iphone giant was shifting its focus to ai. In fact, some of the people who worked on the car will be moved to apples Artificial Intelligence division thats according to bloomberg while those who cant find jobs elsewhere in the company, they face lay offs. Apple shares rose nearly 1 on the news. As one tech analyst put it, by abandoning its dream to transform the auto industry, it will increase pressure on apple to do something profound in the area of Generative Ai. Staying with tech, and people tend to associate Us Company Nvidia with chips and Artificial Intelligence but not necessarily with retail. Azita martin leads nvidias ai initiatives for the retail industry, including Generative Ai that can produce content like text, images or other data when prompted. Our north America Business correspondent erin delmore asked her about how ai is changing the Shopping Experience for customers, both in store and online. Ai enables you to really have
Junction. The company is at a critical junction the company is at a critical junction. United states and china at the junction. United states and china at the moment junction. United states and china at the moment are i junction. United states and china at the moment are engaged in what we see a strategic competition. In the competition when two sides are competing to has to be only one when i. Foxconn wants to do business with both and they want to be with both and they want to be with both and they want to be with both winners, but they can only be one winner. find with both winners, but they can only be one winner. Only be one winner. And his first other only be one winner. And his first other interview only be one winner. And his first other interview with. First other interview with international media, young liu, foxconn s chairman, charts the companys survival. We foxconns chairman, charts the companys survival. Companys survival. We hope eace companys survival. We hope peace a