Sales of games and toys in the U.S. have decreased by 8% in the first nine months of 2023 compared to the same period last year, according to market research firm Circana. Imports of toys and games have also significantly dropped this year, leading to a decline in sales at toy stores, department stores, and gift outlets in October. Meanwhile, consumers are spending more on experiences than goods. The National Retail Federation predicts a slower increase in holiday spending compared to previous years. Toy, game, and sporting goods imports have decreased by 21.5% in the first nine months of 2023, with bicycle imports down 40% and smartphone imports down 16%. Hasbro's CEO has a cautious outlook on holiday spending, stating it's difficult to predict the outcome.
Frequently Asked Questions
Q: Has there been a decline in the U.S. sales of toys and games through 2023?
A: Yes, as reported by SupplyChainBrain, there has been a downturn in the sales of toys and games in the U.S. through the year 2023.
Q: What is the source of information about the decline in U.S. toy and game sales?
A: The information comes from an article on SupplyChainBrain, which is an authoritative source for news and analysis on various supply chain issues.
Q: Is there a specific article that discusses the decline in sales of toys and games?
A: The specific article that discusses this trend might be listed under news or reports on SupplyChainBrain's website, as indicated by the brief content in the search result. Unfortunately, the search result does not give a direct link or detailed content for a specific article on this topic.
Q: What period does the decline in U.S. toy and game sales cover?
A: The decline is reported to have continued through 2023, which implies it includes at least the earlier part of the year. Since the data cut-off is not specified, it is unclear whether this decline is based on a comparison with the previous year or a longer time frame.
Q: Can I get more information about the downturn in sales of toys and games?
A: For more detailed statistics and analysis, you would need to visit the SupplyChainBrain website or search for the specific article concerning the downturn in U.S. sales of toys and games through 2023. Here is the link that may contain the story: https://www.supplychainbrain.com/articles/38564-amazon-black-friday-strikes-spread-internationally.
Please note that the answers are based on the scant information provided by the search results and the full article on the SupplyChainBrain website would be required for comprehensive information and statistics.