Subscribe to Entrepreneur for $5

Still Playing With Toys?

Your interest in the toy industry survived the recession. Now how do you make the most of the recovery?

This story appears in the August 2002 issue of Entrepreneur. Subscribe »

Cabbage Patch Dolls, Tickle Me Elmo, Razor Scooter. that set the toy world on its ear and made consumers rush the stores. But lately, the products coming out of the seem, well, boring. Where has all the innovation gone?

To start, 2001 wasn't a great year for the toy industry. Though $25 billion in sales meant an increase of 1.7 percent over 2000, that's a downer in an industry that's used to 3 to 4 percent increases. September 11 depressed toy sales during the fourth quarter, which constitutes 50 percent of the industry's annual sales, says the Toy Industry Association's Diane Cardinale. Nor was there a movie last spring to spur sales of licensed toys for the first three quarters.

Continue reading this article - and everything on Entrepreneur!

Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5.

Entrepreneur Editors' Picks