Exclusively at www.playthings.com
By Staff -- Playthings, 3/1/2006
Let it Show!The 2006 American International Toy Fair took place in New York City last month. Despite a record-setting blizzard that virtually shut down the city, the show went on. Check out this article to see all the buzz from the show and the events that surround it.
Leapfrog prez calls it quitsShares of Leapfrog Enterprises fell as the company posted better-than-expected profits on weaker-than-expected sales, and announced its president was resigning in a senior management “consolidation.”
New group forms for ITC huntThe saga continues. With the Toy Industry Association “out of the real estate business,” a grassroots group—tentatively called New York Toy Tenants—is rising to find a permanent home for the industry's Manhattan showrooms.
Radica's profits riseHelped by demand for its core electronic games and youth electronics lines and a 5 percent jump in fourth quarter sales, Radica Games Ltd. achieved a record $162.8 million in sales for 2005, an increase of nearly 32 percent from its prior year performance.
Toy sales fell in 2005According to retail sales tracking firm The NPD Group, toy sales in the U.S. dropped nearly 4 percent, to just over $21.3 billion in 2005.
Jakks adds CDI assetsJakks Pacific Inc. completed its acquisition of almost all of the assets and liabilities of Creative Designs International, Feasterville, Pa.
Bead shop bid failsThe proposed acquisition of tween accessories company The Bead Shop by Small World Toys was derailed due to lack of funding.
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