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
Home people in low Income Countries can benefit. Astrazeneca, now the third vaccine proving highly effective. Tonight, how this ones different. The challenges, the time line and when americans can expect a shot in the arm. Large crowds, and gatherings of people is just not something we can do this year. Plus, the macys thanksgiving day parade, covid style. A sneak peek at what it takes to keep the holiday tradition alive. Live, from cnbc global headquarters, the facts, the truth, the news with shepard smith. And good evening, after weeks of blocking the biden transition, the Trump Administration backed down late this afternoon and is now allowing it to begin emily murphy, the administrator of the General Services administration signed off on releasing federal funds and other federal resources to the now president elect bidens transition team. Murphy says she strongly believes that the law requires her to do so, and she says her decision is not based on fear or favoritism as for the tim
Home people in low Income Countries can benefit. Astrazeneca, now the third vaccine proving highly effective. Tonight, how this ones different. The challenges, the time line and when americans can expect a shot in the arm. Large crowds, and gatherings of people is just not something we can do this year. Plus, the macys thanksgiving day parade, covid style. A sneak peek at what it takes to keep the holiday tradition alive. Live, from cnbc global headquarters, the facts, the truth, the news with shepard smith. And good evening, after weeks of blocking the biden transition, the Trump Administration backed down late this afternoon and is now allowing it to begin emily murphy, the administrator of the General Services administration signed off on releasing federal funds and other federal resources to the now president elect bidens transition team. Murphy says she strongly believes that the law requires her to do so, and she says her decision is not based on fear or favoritism as for the tim