Hamleys’ Chinese Flagship Store Opened in Nanjing in October, 2016
I have been publishing a series of articles entitled "Insights About China from China", by Eagles Lu. Eagles is an impressive man with a great name and a unique outlook on the Chinese toy industry. Eagles works with the Guangdong Toy Association and he has agreed to provide us with his insights on toy trends in China.
A Bigger Appetite for Imported Toys
International toy brands are speeding up their steps into China. General Administration of Customs of P.R.C. announced that, for the first six months in 2016, the value of imported toys reached 663 million USD, up 120.2% from the last year. Some International toy giants open the door to Chinese market through close cooperation with Chinese local toy companies. Playmobil and SIMBA DICKIE GROUP are the two examples. In addition, the rapid developing cross-border e-commerce in China opens up a new prospect for small toy business abroad.
Ever since its initial entrance in China in 2006, American toy retail giant Toys “R” Us now is running 100 stores in 44 cities across China. Its expanding steps never stop here and probably will accelerate in years to come. In October 2016, Hamleys’ first flagship store in China opened in Nanjing. In this nearly-7,000 sq.m. store, you can find enormous fine toys. Embarking on a brand-new journey starting from Nanjing, this century-old toy shop is planning to become a Hamleys-centered complex along with functions of entertainment for children, education, lifestyle services and catering business.
Animation Licensing Is Heating up
In China, brand licensed products are always popular. A hot animation on air often drives up the sales of its licensed products. Mini 4WD, upgraded spin tops, yo-yo owed their high sales to related animations in recent years. After its broadcast in China, Peppa Pig achieved high ratings either on TV or on online video websites, making the brand as well as licensed products beloved by preschool kids in China.
According to monthly and quarterly retail surveys by Toy Industry magazine, licensed toys from domestic and international brands remain strong this year. Hot licensing brands include Super Wings, GG Bond, Boonie Bears, Pleasant Goat and Big Big Wolf and Armor Hero from China, and International licensing brands such as Peppa Pig, Robocar Poli, Frozen, Amazing Car, Thomas & Friends and Marvel Heroes.
The success of animation licensed toys has close connection with popular animation brands. Bestseller licensing brands often overlap with popular animations. Hot licensing brands mentioned above-Super Wings, GG Bond, Boonie Bears, Pleasant Goat and Big Big Wolf and Armor Hero-are also top rated animations. Top rated international animations include Peppa Pig, Paw Patrol, Shin Chan and Naruto.
Super Wing by Alpha
Advertising Spending Is on the Rise