The lists of projected bestsellers we received from the retailers clearly cited that the scooter craze was not just a summer fad. Aside from scooters, there really doesn't appear to be any other dominating property or category this year. Compared to last year, there is a relatively wide range of items that are among the most sought-after products, from electronic dogs to finger bikes, from sports-related video games to Harry Potter.
More Quotes from Sean McGowan:
World events may help the success of new patriotic products like Rescue Heroes from Fisher-Price. Yet retailers still see evergreen brands such as Mattel's Barbie and traditional LEGO leading the way off store shelves in the next few months,Sean McGowan
If you compared 'Harry Potter' to 'Star Wars,' you're probably in the same vicinity of expected revenue, you know, in the billion-dollar-plus range. And similar to 'Star Wars,' this is something that has been around for some time now and will be around for a long time in the future.
Sean McGowan
The prospects for growth for Mattel seem a little easier. In Hasbro's case, they did well last year with Star Wars, but it's going away.
Sean McGowan
Children are migrating to consumer electronics faster than toy companies can take them there.
Sean McGowan
There isn't an industry where product prices come down faster than consumer electronics.
Sean McGowan
Costs were higher, gross margin was lower, there are some challenges, and the price of oil isn't going to help. They are aware of it and getting the price increases now, but the balance of the year is not going to be spectacular.
Sean McGowan
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Based on Topics: Product Quotes, Summer QuotesBased on Keywords: bestsellers, craze, scooters, sought-after, sports-related
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