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
mr biden said that while those deaths lead to a debate here in the uk whether the government should suspend arms sales to israel. more than 600 legal experts, in fact, have written to the prime minister, rishi sunak, saying exports must end because the uk risks breaking international law. earlier we spoke to one of the signitaries of this letter, he says that patients for western allies with israel does appear to be running out. we allies with israel does appear to be running out- allies with israel does appear to be runnin out. . ., , . . . running out. we have seen a gradual tou~~henin running out. we have seen a gradual toughening of running out. we have seen a gradual toughening of the running out. we have seen a gradual toughening of the rhetoric running out. we have seen a gradual toughening of the rhetoric and - toughening of the rhetoric and public toughening of the rhetoric and public and toughening of the messages in private both from washington and from lond
phil mattingly. good morning. we are glad you are with us. in just hours from now the house is set to vote to formalize an impeachment inquiry into president biden after a resolution passed yesterday. republicans have alleged that the president biden benefitted from his family s foreign business dealings. they have not provided evidence of wrongdoing. hakeem jeffries with us in moments. rudy giuliani is back in court today. jurors heard voicemails that an election worker said they heard lies about the election. rebuking trump s former attorney as he repeated the lies about the election and the election workers outside the courthouse this week. in half an hour, the labor department will release a key report giving us a critical look at the state of inflation in the country. we will have the numbers for you as soon as they come in. this hour of cnn this morning starts now. trump says jump, the maga extremists say how high? donald trump asks them to impeach joe biden a