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2016 Licensing Show
The consumer decided to spend again in May! May retail sales numbers were up 1.3% over April and showed a 2.5% increase over May of 2015. The retail sectors showing the strongest growth were home improvement and garden with an 8% increase and sporting goods, hobby and craft with a 7% increase. Department stores once again were in the negative numbers reflecting a 4% decrease. Hopefully this positive spending trend will continue through the summer.
We had positive meetings with attendees from Asia and Europe which we are confident will materialize into licenses soon. We also had great meetings with existing licensees and discussed new programs and line extensions. We are busy following up with these requests, which will also generate additional business.
We made the finalist and attended the awards party at the show. Unfortunately, we lost to Disney and one their Star Wars promotions. We felt honored to be a finalist even though we lost. I think Disney is an up and comer in the industry and will benefit from the the exposure!
We are hopeful that this interest with materialize into licensees for these properties.
Mike Waldner | Director of Licensing