Toy giant Hasbro is cashing in on the reinvigorated boy band frenzy with a collection of toys and games inspired by the super-popular One Direction. The line, which will launch globally, will feature fashion dolls and mini-figures of all five members of the boy band. "In the short time since the group's debut, One Direction has captured the hearts of many young fans across the world," notes John Frascotti, Hasbro's chief marketing officer.
Paul Frank and its iconic monkey character are teaming up with Najarian Furniture Company for a line of Paul Frank furniture for kids ranging from toddlers to teens. The collection will feature bedroom sets, storage cubes, stackable ottomans and desk chairs. "From a style and design perspective, our partnership with Paul Frank feels like a natural extension of what we do and allows us to create a great-looking product that is unlike anything else in the marketplace," explains Mike Najarian, president of Najarian Furniture Company.
Children's Place Retail Stores Inc. announced on Wednesday that it had named Steven Baginski as its new chief financial officer. Baginski has more than 25 years of financial and management experience that includes positions at Hercules Tire & Rubber Co. and Limited Brands Inc. and he most recently served as financial chief at Kellwood Co., a private apparel manufacturer.
L'Oreal has purchased baby products company Cadum to reach more customers in its domestic market, the French beauty giant announced on Thursday. Terms of the deal were not disclosed, but according to industry reports, the acquisition cost an estimated $264.5 million. Cadum will be added to L'Oreal France's Consumer Products Division, which includes the L'Oreal Paris, Garnier-Gemey-Maybelline and LaScad business units.
Tween fashion brand Lil'panda has signed a handful of licensees - the first for the brand - that are slated to hit shelves next spring. The collections include: greeting cards from American Greetings; headwear, gloves, scarves, sweatshirts, bags, wallets, coin purses, hosiery, audio accessories and lanyards from Bioworld Merchandising; girls' sportswear by Evy of California; plush from Gund; and juniors' and girls' tops by Leigh of California.
Big Tent Entertainment is teaming up with toy brand Mezco for a brand new line of products for the Domo - a Japanese television character-brand. The collection, which will hit stores across the U.S. later this year, will include items such as bobble heads, clip-on figures, action figures and wind-up walking toys. "The Domo fanbase is always hungry for new and exciting collectibles featuring our iconic friend," notes Rich Maryyanek, chief marketing office for Big Tent. "This new line really captures the essence of the character."
On Thursday, May 1st Kids in Distressed Situations (K.I.D.S.) will take time to celebrate women who have made a positive impact in their fields. Honoree Kathy Ireland, CEO and Chief Designer of Kathy Ireland Worldwide, will also serve as the keynote speaker for the lunch. Other honorees include President of Stride Rite Children's Group Sharon John and President and General Manager of PBS KIDS Sprout Sandy Wax. The lunch will be held at The Plaza Hotel in New York City from 11:15 am to 2 pm and will include a reception and silent auction. Tickets are sold on a first come, first serve basis.
Cutie Pie Baby, Inc. has grown out of its 9,000 square foot office on the 9th floor of 34 W 33rd Street and into a "big kid," 17,000 square foot office on the 5th floor of the same building. The official move will take place on August 1, 2012. The increased space is perfect for the expanding company who recently acquired Robar, Inc. Fishman & Tobin Apparel formerly occupied the brand's new office that includes a conference room, several private offices and showrooms to display their lines.
According to the National Retail Federation, March retail sales increased 0.8 percent from February and 6.6 percent year-over-year. In a press release, Matthew Shay, president and CEO of NRF, said consumers are demonstrating the intent and ability to spend on discretionary items. Specifically, clothing and accessories sales increased 0.9 percent seasonally adjusted month-to-month and 12.5 percent unadjusted year-over-year. Other categories that saw moderate growth are furniture and home furnishings, spring goods, books and music.