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Stock impact report

Toy makers rush into ‘blind box' trend for holidays following Labubu craze [BNN Bloomberg (Canada)]

Mattel, Inc. (MAT) 
Last mattel, inc. earnings: 2/13 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.shareholder.com/mattel
Company Research Source: BNN Bloomberg
Hot gift lists from retailers like Walmart feature a new crop of blind box figurines and trading cards, and U.S. companies including Hasbro and Mattel are selling versions of toys like Furby and Barbie in mystery packaging, incorporating the trend. A blind box toy – like Spin Master's popular CrystaLynx dragons – generally has packaging that hides the specific product inside so shoppers keep buying until they find the one they want or collect the whole series. Labubus stoked excitement for the trend this summer, spiking in popularity as retailers finalized their holiday plans. The “ugly-cute” dolls with toothy grins aren't widely available. They sell out in minutes and later turn up on resale sites like eBay for hundreds or thousands of dollars. Because of their cost and scarcity, they aren't on top toy lists published by major retailers and trade magazines. But now toy aisles in holiday shopping destinations like Target TGT.N are crammed with goods wrapped in mystery packaging Show less Read more
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