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As CEO of the $96 billion Sam’s Club, Latriece Watkins is testing her mettle at the warehouse retailer that produced CEOs for Walmart, Target, and Walgreens

2

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

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As AI slashes white-collar jobs, Salesforce CEO Marc Benioff says almost no one is being hired—except in sales

1

As CEO of the $96 billion Sam’s Club, Latriece Watkins is testing her mettle at the warehouse retailer that produced CEOs for Walmart, Target, and Walgreens

2

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

3

As AI slashes white-collar jobs, Salesforce CEO Marc Benioff says almost no one is being hired—except in sales
RetailHatchimals

This Is the Hottest Toy of 2016

By Stephanie Castillo
November 18, 2016, 2:29 PM ET
Spin Master offers a couple different species of Hatchimals, including these Pengualas.
Spin Master

The hottest new toy of 2016 is already sold out.

Spin Master, the company that brought you the Build-a-Bear Workshop and Etch-a-Sketch, is seeing similarly wild success with Hatchimals—furry creatures that actually hatch and develop the more kids play with them. The demand is high even with the $60 price tag, which is about $50 more than the average toy, Bloomberg reports. And despite looking like Hasbro’s Furbies, Spin Master told Bloomberg they were inspired by the unboxing videos many beauty and lifestyle influences post online.

“We thought, ‘Wouldn’t it be cool instead if you opened it, something itself would come out?’ That evolved to the idea of an egg,” James Martin, the company’s senior vice president for marketing, told Bloomberg.

There are two Hatchimals species—Pengualas and Draggles—with three more exclusive to retail giants—Burtles (Walmart), Owlicorns (Toys “R” Us), and Bearakeets (Target). But good luck finding one: The toys have become so popular since Spin Master launched last month that there’s a growing number of waitlists.

 

To save Christmas, Spin Master is flying more Hatchimals in from its factories in Asia, Martin told Bloomberg.

“We made the decision to air-freight in because demand is so extreme,” he said. “We spent two years developing this item, and we really, really want to get it into consumers’ hands.”


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