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
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
Lets break it down with mike mckee. Is a it is michael it little bit odd. On the headline, 100. 9 is lower than it was in the month of august or september, rather, when it was 101. 8. You would expect that maybe the present situation would be causing people concern because of the coming closures of some businesses as covid cases spike but the number comes in at 98. 9 at up from 104. 6, up from 98. 9. Turnabouting quite a in the way people are looking at the economy. The interesting thing here is this bemay see is reasonably good news for donald trump because if you are looking at the economy, stupid, as the old saying goes, you are looking at the economy as it is right now, and the economy as it is right now is better. The employment number is something Everyone Wants to look at in the set up to next week. Jobs number is an improvement, so those who think we are going to have a dismal jobs report next week might be in for a surprise, at least according to the underlying Consumer Sentim
Now spread to northern italy. This as travel freezes up and global case numbers approach the 77,000 mark. Coming up, weve got right here on the claman countdown the Luxury Travel company on the front line, high end destination site embark beyond is here on which countries they are now redirecting travelers to so that 100 gut punch to its China Business doesnt spell a tko to its bottom line. China has other problems than just the coronavirus. The white house has just hurled a new jab at top Telecom Giant and 5g powerhouse huawei. Huawei chief Security Officer andy purdy used to work at Homeland Security. Hes now with huawei. He is here and ready to push back against the administrations latest snub. And from the white house to sin city, the president trolling his democratic rivals in las vegas on the eve of the nevada caucuses. We are live on the ground as the oval office incumbent looks to trump any blue wave from trying to break out in this key purple state. Plus, we have brand new bre
Coming up, should the markets top regulatory guns force companies to admit to investors what their exposure to the contagion really is . As blue chips, s p and nasdaq sink into the red, we have the former s. E. C. Director who says theyd better, and theyd better do it fast. Plus, its a company thats been doing anything but playing around. The man behind mattel set to address investors tomorrow. But hes here today, live on the claman countdown. In a fox business exclusive, mattel chairman and ceo ynon kreiz on the new hollywood streaming partnership hes striking to turn hot wheels and barbie into big screen blockbusters. Plus, the end of an era at lingerie giant victorias secret. Another city yanks the welcome mat out from under amazon. Wait until you see who slammed the door this time. And the most valuable picks in an overvalued market. Less than an hour to the closing bell. Lets start the claman countdown. Liz we want to direct your eyes to the screen right now. Youre looking at a li