Get ready for the summer of nostalgia. From the movie “Barbie” to the purple McDonald’s shake in honor of Grimace’s 52nd birthday, throwback products are making a big splash, particularly with what marketers call “kidults.” These kids at heart are responsible for about $9 billion in toy sales annually.
“There can be a lot of negative feelings about the present, especially in relation to technology and the economy – nostalgic products are a little relief to that,” says Neil Saunders, managing director of retail for data and analytics firm GlobalData.
He says this group is what’s keeping the toy industry afloat.
– Vikki Locke, C2 Communications