Retail Industry
Industry: Email Alert RSS FeedPower Rangers ring up sales and holiday cheer; hot toys expected to boost sales to over $18 billion in '94
Discount Store News, Nov 21, 1994 by Laura Liebeck
NATIONWIDE DSN REPORT -- First there were Batman and Robin, then there were the Teenage Mutant Ninja Turtles, and now in the '90s there are the Mighty Morphin Power Rangers. These back-flipping, high-kicking heroes are tops with kids and are bound to be just as popular with toy retailers this holiday season.
Just how hot are Power Rangers toys?
So hot that Wal-Mart is having trouble keeping up with the demand.
In the Sunday, Oct. 30 edition of the St. Petersburg Times, Wal-Mart ran an ad stating that certain items in its November circular, featuring Power Rangers' White Tigerzord with White Ranger, would be in short supply for the holiday season.
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"Due to our manufacturer's inability to manufacture adequate quantities, we are unable to supply the demand. While quantities are arriving in our stores daily, we do not anticipate sufficient quantities throughout the holiday season. We sincerely apologize for this inconvenience."
While this apology represents an unfortunate circum-stance for Wal-Mart, communicating directly to shoppers to let them know that supplies are limited could also prompt customers to visit stores early.
After the ribbon cutting at the opening of Hills' two Richmond, Va., stores a few weeks ago, shoppers ran in the front doors of one of the stores and headed straight to the toys department to snatch up Power Rangers supplies. Hills had plenty in stock.
"This time, we won't run out," said Bob Stevenish, executive vice president, referring to Hills' opening in Reading, Pa., in October. Regardless, that store sold out of Power Rangers products during the first day of the grand opening.
Other individual stores haven't been so lucky. One shopper in Poughkeepsie, N.Y., was told by an associate at Kmart that she missed the recent delivery, but could put her name on a list for the next shipment. "I guess I'll have to do that," the shopper said.
Obviously, short supplies or no, Power Rangers merchandise is sure to drive holiday toy sales this year. (This will probably hold true even in Canada, where two television networks will cease airing the show due to the amount of violence depicted.)
But Power Rangers aren't the only hot products in '94. Among the others are Barbie, now with a talking version and one with articulate limbs, Lion King products, Jurassic Park, Snow White, electronic learning toys, construction sets, arts and crafts, action figures from an assortment of programs including Star Trek and Batman, Tyco's Dr. Dreadful and Fisher-Price's Triple Arcade.
The '94 holidays should produce retail sales gains between 5% and 10% over '93, according to the Toy Manufacturers of America, which is predicting that toys sales will top $18 billion this year. Sales were $17.5 billion in '93.
Helping to push those annual sales totals higher is Toys "R" Us. On Nov. 6, the world's largest toy retailer unveiled its Christmas toys catalog, The Big Toy Book, which it distributed to more than 58 million homes. It is an 84-page book of toys that includes $610 in savings coupons for a total savings to consumers of $1,013. Some of the coupons may be valid on more than one item.
TRU's commitment to the catalog/couponing program helped push the company's same store sales up by 7.3% for the '93 holiday season," said Michael Goldstein, ceo. "We had to think big and give our customers more -- more choices and more savings." Last year's catalog, TRU's first effort, featured over $500 in savings.
The Big Book follows up TRU's first Pre-Holiday bonus book that offered $309 in coupon savings.
TRU predicted what its hot items will be for Christmas '94, which included 40 toys from 20 manufacturers. Although the chain provided its list in no specific order, the toys included:
* All Power Ranger Products by Bandai;
* Gymnast, Bedtime and My Size Barbie Bride, Floam, Polly Pocket Light Up Houses, Jenny Gymnast and Lion King Plush by Mattel;
* Explorer Wagon by Little Tikes;
* Dr. Dreadful food and drink labs, Radio Control 6-Volt Triple Wheels, Puppy Puppies and Kitty Kittens by Tyco;
* Talkboy by Tiger;
* Adventure Castle, Radio Control Raceway, Triple Arcade, Moun-tain Trike and Big Things by Fisher-Price;
* General Earthworm Jim, SNES Earthworm Jim and Skeleton Warriors by Playmates;
* R/C 9.6-volt Ricochet and Easy Bake Oven by Kenner;
* Intermediate set by K'NEX;
* Writing Desk by V-Tech;
* Jenga, Maniac Mouse and Crack the Case by Milton Bradley.
Others include Lion King Deluxe Sound Story by Western Publishing; in-line skates by CCM, Variflex and Roller Derby; Big Jake by Power Wheels; Exersaucer by Evenflo; SNES Donkey Kong Country by Nintendo; Sonic and Knuckles by Sega; Bumble Ball/Buddies by Ertl; Big, Big Loader by Tomy and Pods by Sega.
"Christmas is going to be strong," proclaimed Byron Davis, president of toys for Fisher-Price. "Everybody is going after the business."
The season is getting an early kickoff with the flood of toys catalogs -- JCPenney threw its hat into the ring -- and circulars and the early start of Chanukah, which begins on Nov. 27.
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