WORLD NEWS

NPD: US toy sales up despite Toys R Us liquidation

Published on: 9th May 2018

New data from The NPD Group shows that Toys R Us store closures and an early Easter contributed to a 13% rise in US toy sales during the first 14 weeks of 2018.

While Toys R Us’ ongoing store liquidations have negatively impacted toymakers’ bottom lines, the US toy industry as a whole has not only been surviving—but actually thriving.

According to new data from market research firm The NPD Group, US toy sales grew by 2% in the first 10 weeks of 2018 (on par with the same period in 2017). The next four weeks, however, included the beginning of Toys R Us liquidations in the US (15th March) and an early Easter (1st April). NPD data shows that US toy sales between 11th March and 7th April grew by 36% compared to the same period in 2017, contributing to 13% year-to-date growth for the first 14 weeks of 2018.

Toy sales generally experience a bump in the two weeks leading up to Easter, which led NPD to normalize the year-to-date sales trend in an effort to determine the impact of the Toys R Us announcement. After splitting out Easter, NPD reports that approximately US$180m more was generated between 11th March and 7th April of this year, which can be attributed to the Toys R Us liquidation.

NPD data shows that the fastest-growing categories in the first 14 weeks of 2018 included Youth Electronics (led by WowWee’s Fingerlings), Dolls (led by MGA Entertainment’s L.O.L. Surprise!) and All Other Toys (thanks to slow-rise ranges like Soft’n Slo Squishies, Smooshy Mushy and Squish-Dee-Lish).

Juli Lennett, SVP and toys industry advisor for The NPD Group, commented: “The Toys R Us bankruptcy has brought an incremental sales opportunity to the toy industry, and with at least a month to go until it wraps up, there is still more to come.”

RECENT ARTICLES

Online, offline … it’s the Friday Blog!

Exclusive: The latest from Toymaster HQ

Scalextric unveils Harry Potter Ford Anglia 105E

John Adams releases Prime 3D Star Wars puzzles

Click Europe launches TikTok Shop and welcomes new presenter

Imagine8 reveals latest licensed accessories for Bluey and Peppa Pig

Mattel’s PJ Lewis honoured with promotion

John Adams reveals new Zhu Zhu Aquarium collection

Zuru launches Hug-A-Lumps comforting companions

Target Darts welcomes Jamie Tank and Paul Dearlove to spearhead new toy team