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Toys in the News |
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Greetings!
The month's latest news affecting the global
toy market place...
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Barbie's Secret... |
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Erin Elizabeth Coors, who is playing Barbie since
her live show's opening in Columbus, Ohio, this past
Saturday, has short, brown hair under the flowing,
blond wig that she wears during the
performance.
After 47 years as a plastic
prop
and six as an animated fairy-tale princess on TV,
Barbie is breathing, singing, dancing and even flying
across the stage in her first live
show.
"Barbie Live in Fairytopia" is Mattel's
latest effort to buttress the brand which has been
battered by competition in recent years. The show
will travel to Boston, Los Angeles, Muncie, Ind.,
Springfield, MO. and New York City's Radio City Music
Hall sometime in 2007 with the average ticket costing
around $25
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Chinese Yuan Revaluation & US Trade Deficit... |
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While Washington steps up pressure on Beijing
to revalue its currency with the US commerce
secretary's (Carlos Gutierrez) visit there last week,
many economists say that even dramatic gestures
by China would do little to reverse the imbalance on
the $201 billion US trade dificit with
China.
About half of Chinese exports to the
US fall into three categories -- office machines,
clothing and footware and toys and other plastic
goods. These represent just 4% of US manufacturing
production. If the US didn't buy these goods from
China, it would have to buy them from abroad
anyway, as a result, the impact on the deficit would
be minimal.
Resulting from this
understanding, Senators C. Schumer and L Graham
may have already decided to postpone their bill to
impose tariffs on Chinese imports.
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Toys "R' Us Beats Amazon in Legal Battle... |
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In 2000 Amazon signed an agreement with
Toys "R' Us, one of the first with a major brick-and-
mortar, to sell its toys, games and baby products on
its site. Toys "R' Us would transfer its entire online
presence to Amazon as its exclusive provider of
those goods in exchange for a $50 million payment
from Toys "R' Us.
In 2004 Toys "R' Us sued
Amazon for $65 million in fees and lost sales, claiming
that it had breached the exclusivity of its
agreement.
On March 3rd, the judge hearing
the case in New Jersey, where Toys "R' Us is
headquartered, ruled to dissolve the 10 year
agreement but awarded no monetary restitution.
Toys "R' Us' general counsel indicated that they were
pleased with the verdict saying "our goal was to
protect the Toys "R' Us brand while continuing to
provide a positive shopping experience for our online
customers, this ruling allows us to do that.
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Expecting a Tax Refund on April 15th? |
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If you expect a refund after filing your 2005
Income Tax Return, here are two tips for making the
most of your tax refund:
1. File electronically
for a speedier refund (two-weeks versus six to eight,
when filed via regular mail).
2. Invest your
refund in a great value, closeouts investment with
BlueRibbon for the most return on your money!
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In conclusion... |
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That’s all for this issue.
Thank you for
your attention and all the best!
We welcome
your comments and suggestions for our Newsletter.
Please write to admin@blueribbontoys.com.
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