[Father Christmas outside Hamleys with children and toys]
[Child with Santa impersonator and LOL Magic Flyers]
[Santa impersonator with elves and children]
[Squishmallows plush toys]
[Alex Painter, senior marketing director, Jazwares, looking at Squishmallows]
[Squishmallow being squeezed]
Alex Painter (interview): “(The) plush market was up 30% roughly year on year overall as a category. We saw a 500% increase in sales of Squishmallows. So a huge part of that will be down to these lovely guys here. We sold close to 3.5 million units just in the UK last year, so 2022 and 2023 really is the year of Squishmallows.”
[Painter hugging large deer Squishmallow]
Alex Painter (interview): “It’s not a toy in the normal sense. It’s not just the kids, you know, 18 to 24 in that gen-z demographic are really, really buying into this brand. So you can have a Squishmallow if you’re five years old, you can have a Squishmallow if you’re way, way into adulthood. So that is really what’s driving it as well, which also is in line with what we’re seeing in the market, where the kiddult space is now accounting for almost 30% share of the overall toy market as well.”
[Squishmallow dog]
[Christmas tree with top ten toys]
[Toys under tree]
[Child playing with Paw Patrol Skye Deluxe Vehicle]
[Echo Pollicott, five-year-old toy tester, launching LOL Magic Flyer]
[Pollicott launching LOL Magic Flyer]
[Pollicott launching LOL Magic Flyer by Christmas tree]
[Echo Pollicott, five-year-old toy tester, vox pop]
[Tim Murray, editor, Toys n Playthings magazine]
Tim Murray (interview): “You’re finding that obviously the character licensed products and it’s still huge with things such as Paw Patrol. And obviously the Barbie movie has had a huge effect, I mean Barbie would almost certainly have been in the top ten anyway but the film has just made Barbie even bigger. So character licenses are a key trend. I think blind bags where you don’t quite know what you’re getting and you’re opening something that has a surprise element in it – that’s the LOL Magic Flyers. And so I think there is that’s one of the key trends as well.”
[Child playing with roller skating Barbie]
[Child playing with Beast Lab Shark tank toy]
This script was provided by The Associated Press.