ToyNews Toy industry news: business, marketing, retail, wholesale and distribution
With shipping from China reaching a crisis point that has seen costs skyrocket to all time highs amid a shortage of containers within the global supply chain, the UK’s independent toy retailer, The Entertainer is making its message to the consumer clear. Costs, shortages, and delays have hamstrung companies across …
Read More »Global news | China sees Q1 toy sales surge as it hits £1.2bn through e-commerce alone
Sales of toys in China have surged in the first quarter of 2021, with e-commerce sales hitting $1.2 billion (USD), an increase of 16 per cent versus the same period last year, according to the latest results from the NPD Group. The country posted the highest growth rate for the …
Read More »LEGO and UNICEF partner to bring learning-through-play programmes to disadvantaged families in China
The LEGO Group, the LEGO Foundation, and UNICEF have struck up a new partnership to bring learning-through-play to help early years development in children living in disadvantaged regions of China. The three-year partnership will see around $2.5 million invested in providing resources to family support programmes developed to help caregivers …
Read More »Toy & Edu China and Licensing China will host digital-physical hybrid fairs this year
Toy & Edu China, Baby & Stroller China, and Licensing China will be offering a physical-digital hybrid fair experience this March with an online platform to support toy, baby product, and licensing companies exploring business opportunities in the region. The virtual marketplace will go hand in hand with the physical …
Read More »Opinion: Made, paid, and played in India – How India is playing a new role in the global toy market
With a small but rapidly growing domestic toy market and plans now underway for the country to overhaul its position in the global toy industry to become an international hub for toy design and manufacture, India is becoming an increasingly important player on the global toy market stage. Here, Kids …
Read More »Testing specialists SGS gains China Compulsory Certification to help manufacturers sell toys into the region
The testing and certification company, SGS, has gained accreditation to test toys against the China Compulsory Certification (CCC) standard at its laboratory in Hong Kong. The development means that SGS can no carry out testing against the CCC standards and guide manufacturers through the process in its facilities in China. …
Read More »Coronavirus will slow but not scupper LEGO’s plans for 80 brand store roll out across China this year
The ongoing coronavirus pandemic will not scupper plans to roll out 80 new brand stores across China, the LEGO Group has insisted, despite the impact the virus has had on supply chains, its LEGOLAND parks and global offices. Speaking with the Asia Times, the Danish toymaker has underscored its design …
Read More »Entertainment One’s Ricky Zoom to launch on CCTV-14 in China
Entertainment One’s hit pre-school animation, Ricky Zoom is gearing up to launch on CCTV-14 starting from March 23rd this year, following a successful kickstart to its broadcast campaign across China. The series made its debut in mainland China in June last year where it got off to a strong start …
Read More »Coronavirus: Delayed re-opening of China’s factories will ‘have big impact on global economy’
Further delay to the reopening of the Chinese factories closed for quarantine over the coronavirus outbreak has stoked fears over the impact to be had upon the global economy. Across China, various provinces have posted different dates for an extended shutdown of operations and factories as the coronavirus outbreak continues …
Read More »Alibaba chairman Jack Ma is stepping down in mark of new era for the online giant
Alibaba chairman, and the richest man in China, Jack Ma is to step down from his role at the e-commerce giant following a 12 month transition period as the firm appoints his successor. The news that Ma is to step away from the company he founded in 1999 and saw …
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