This Industry Just Had an Incredible YearJedi warriors, genetically modified dinosaurs and a gang of rescue pups helped the toy industry deliver its most robust growth figures in more than a decade.

ByKrystina Gustafson

This story originally appeared onCNBC

Sphero
BB-8

Jedi warriors, genetically modified dinosaurs and a gang of rescue pups helped the toy industry deliver its most robust growth figures in more than a decade.

According to data released by The NPD Group on Wednesday, U.S. toy sales increased 6.7 percent to $19.4 billion last year, topping the firm'sestimate for 6.2 percent growth.

一个多样化的选取ection of toys drove gains across nine of the 11 subcategories tracked by The NPD Group, including games and puzzles, building sets, and action figures and accessories. Only arts and crafts and youth electronics posted declines, of 4.3 percent and 4.9 percent, respectively.

"The toy industry had an incredible year and, as is typically the case, there isn't one reason," said Juli Lennett, The NPD Group's U.S. toys industry analyst.

The firm said content was a "key driver" behind the industry's strength last year. Hot toys included theStar WarsBB-8 droid, a rescue vehicle inspired by thePaw Patroltelevision series andTeenage Mutant Ninja Turtlesfigurines.

Toys inspired by movies outperformed the market, growing by 9.4 percent. That included $700 million in sales fromStar Warsproducts, making it the number-one property of the year. The franchise was worth more thanJurassic World, MinionsandAvengerscombined.

根据NPD,额外的购物日下跌during Christmas week contributed to 25 percent growth during that seven-day stretch. That was larger than the growth seen in every other fourth-quarter week combined.

It was also the second-largest week for the industry, accounting for 8 percent of its annual sales. The week before Christmas was the most critical for toy retailers, representing 8.5 percent of the year's sales.

Toys R Us said earlier this month that its domestic same-store sales rose 1.4 percent from Nov. 1 to Jan. 2.

Overall, the National Retail Federation said retail sales increased 3 percent during the holiday season,short of its expectation for 3.7 percent growth.

Content Editor forCNBC

Related Topics

领导

This 27-Year-Old Harvard Dropout Started a Hedge Fund Out of a Garage — Now She Manages Nearly $1 Billion in Assets

Eva Shang, who met co-founder and fellow Harvard undergraduate Christian Haigh at a club on campus, admits it's "very unusual for college students to start a hedge fund."

Business News

College Student's Tragic Death Sparks Legal Battle as Parents Sue Panera Over High-Caffeine 'Charged Lemonade'

A 21-year-old college student, Sarah Katz, purchased Panera Bread's Charged Lemonade and passed away hours later after going into cardiac arrest.

Business News

Barbara Corcoran's 3 Best Tips for Buying a Home in the Current Housing Market

If you're looking to buy a home, the real estate mogul offered some sage advice on Instagram.

Business News

Reddit Co-Founder Alexis Ohanian Says the 'Surfer Mindset' Is the 'Right' Approach in Business and in Life. Here's Why.

The Reddit co-founder recently spoke to students at his alma mater, the University of Virginia.

Growing a Business

Prepare For This Seismic Shift in Employee Expectations — Or Say Goodbye to Your Top Talent.

If you are a business leader failing to account for this fundamental transformation in worker attitudes, prepare for a rude awakening.