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Archive for the ‘CPSC Reform Act’ Category


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Learning Resources Chairman Rick Woldenberg discusses how government regulation has hampered his ability to grow his business on Fox Business.

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With all the recalls being made on Chinese-made toy products, how have you been preparing for the holiday season? Happily, shoppers turned out by the millions to take advantage of Black Friday weekend deals. The National Retail Federation reported over 147 million shoppers in stores this past weekend; an increase of almost 5 percent over last year’s Black Friday.

 

On the down side, on average, customers spent approximately $347, which is 3.5 percent lower than last year, but up 14.8 percent in comparison to 2005. According to NRF’s survey, over 55 percent of consumers looked to discount retailers for the best deals, nearly 39 percent shopped at department locations, more than 43 percent shopped at specialty stores, and about 32 percent shopped online.

 

Are you taking out a few extra (or a few less) ads, investing in American-made toys, or going about business as usual? Did you host any toy specials for Black Friday, and if so, what were the fruits of your effort? Will you do the same for the upcoming holidays? How do you think the CPSC Reform Act will affect fourth quarter sales? Speak out and confer with others about the measures you’re taking during these business altering times.

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