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The LEGO Group Announcing Annual Results 2017 Tomorrow

The LEGO Group Annual Results 2017

The LEGO Group will be announcing their 2017 Annual Results tomorrow at 10:00AM CET (1:00AM PST). Last year at September, they released the financial details for the first half of 2017 and it showed that revenue was down compared to the same period in 2016. As a result, LEGO had to restructure the company which meant that they had to move some people around as well as trimming about eight percent of their workforce.

The press conference tomorrow will be revealing the numbers for last year as well as the top LEGO themes and sets. Hopefully, they’ll go into details of what contributed to the lost revenue at least in the first half of 2017. Maybe the second half of the year with the holiday shopping season helped balance everything out but we shall see. I’ll try to stay up for it but I’ll probably get knocked out because I have to work early tomorrow morning.

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LEGO Launches Initiative for Sustainable LEGO Bricks and Boxes

LEGO has launched a new initiative to start producing LEGO plant elements using plant-based plastic that is created from sugarcane. There will also be LEGO boxes that will be using the same methods as well and we can expect those already for 2018. This move is part of The LEGO Group’s dedication to use sustainable materials in a majority of their products and packaging by 2030. It’ll be interesting to see how if there are any notable differences in the plant elements and how they hold up in the run.

LEGO® botanical elements such as leaves, bushes and trees will be made from plant-based plastic sourced from sugarcane in the future and will appear in LEGO boxes already in 2018.

Production has started on a range of sustainable LEGO® elements made from plant-based plastic sourced from sugarcane. The new sustainable LEGO ‘botanical’ elements will come in varieties including leaves, bushes and trees.

“At the LEGO Group we want to make a positive impact on the world around us, and are working hard to make great play products for children using sustainable materials. We are proud that the first LEGO elements made from sustainably sourced plastic are in production and will be in LEGO boxes this year. This is a great first step in our ambitious commitment of making all LEGO bricks using sustainable materials,” said Tim Brooks, Vice President, Environmental Responsibility at the LEGO Group.

The move is part of the LEGO Group’s commitment to use sustainable materials in core products and packaging by 2030.

Uncompromised

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LEGO 60th Anniversary 10 Foot Brick Mini Documentary

Last month, LEGO celebrated the 60th anniversary of the LEGO brick by placing a large-scale model of the red 2×4 in the middle of New York. They’ve also released a mini documentary of how the master builders transported the brick to the Flatiron District location. The video was released last week but due to the hooplah of the 2018 New York Toy Fair, it was overlooked. It’s cool to see these kinds of videos and if you didn’t know, LEGO has a secondary channel where they post these behind the scenes stuff.

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Toys R Us Reported to Close Additional 200 Stores

You may have already heard this on the news but The Wall Street Journal is reporting that Toys R Us may close another 200 stores in addition to the 180 that was previously announced last month. This reported wave of closings will cut the number of stores in the US nearly in half. Honestly, I didn’t hear anything about the closings when I went in to work today after I read up on a few articles before going in. Supposedly there was a also conference call to discuss the future plans but I don’t see any articles of the results. I’ll see what information is known when I go back tomorrow.

If the new closings are true, that means it’ll be even harder for LEGO fans to get some of the exclusive items like polybags various sets that Toys R Us carries. It’ll be interesting to see if these exclusives are shifted to other retailers like Walmart and Target. To be fair, even though I work at Babies R Us, I do like shopping at TRU for some of the LEGO exclusives as well other stuff I collect. The only thing that bugs me about this whole thing is the bonuses that go to the executives instead to using this money to reinvest into the company. Maybe that’s not how it works and why I run a LEGO blog instead of a large company.

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LEGO Ranks #6 on Fast Company’s Top 10 Most Innovative Companies Consumer Electronics List

Fast Company has released their list of the 2018 edition of the World’s Most Innovative Companies and LEGO was named as the #6 company out of 10 under the Consumer Electronics category. The main reason for that LEGO was honored in this category was because of boosting children’s coding skills by the way of LEGO Boost. LEGO Life, which was launched last year, also contributed to the company being named in the Consumer Electronics category. This app allows children to share their creations online in a safe environment. Check out the press release that LEGO has released regarding the honor.

LEGO Group earns no. 6 spot on list of Top 10 Most Innovative Companies in Consumer Electronics

NEW YORK (February 20, 2018) – Fast Company today announced its annual ranking of the world’s Most Innovative Companies (MIC) for 2018, honoring leading enterprises and rising newcomers that exemplify the best in business and innovation, which includes the LEGO Group at number six on the Top 10 Most Innovative Companies in Consumer Electronics list. Editors noted that the iconic toy brand made the list for boosting children’s coding skills.

In 2017, the LEGO Group introduced two significant innovations to further bridge the divide between physical and digital play: LEGO® BOOST and LEGO® Life.

LEGO BOOST is a super-charged LEGO set that lets children as young as seven years old bring their LEGO creations to life through a simple, app-based coding language. Embracing a “fun-first” vision, LEGO BOOST empowers children in both the physical and digital creation of

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LEGO Recap from New York Toy Fair 2018

LEGO Harry Potter Hogwarts Great Hall (75954)

The 2018 New York Toy Fair is now over and there was a lot of LEGO news that came out that you may have missed so here’s a little recap of some of the more notable news items from the event.


LEGO Announces the Return of Harry Potter

Probably the biggest thing that LEGO announced during the Toy Fair was the return of Harry Potter in a new LEGO Wizarding World theme that encompasses both the Harry Potter universe as well as Fantastic Beasts. The first set that was revealed in this theme was the Hogwarts Great Hall (75954) which retails for a modest $99.99 for a 878 piece set. This set along with the rest of the wave will be available starting in August.

LEGO Harry Potter Hogwarts Great Hall (75954)


LEGO Jurassic World: Fallen Kingdom Sets Officially Revealed

The official images of all the LEGO Jurassic World: Fallen Kingdom sets were revealed, minus the Walmart exclusive LEGO BrickHeadz sets. Here we get to see some of the new dinosaurs that will appear in the movie in LEGO form such as the Stygimoloch, Carnotaurus, and the Indoraptor.

LEGO Jurassic World: Fallen Kingdom Indoraptor Rampage at Lockwood Estate (75930)


LEGO Marvel Super Heroes The Hulkbuster: Ultron Edition (76105) Officially Announced

Some fans already knew about this set as it was already available in some Asian countries but during the Toy Fair, LEGO revealed The Hulkbuster: Ultron Edition (76105). The set has 1,363 pieces and retails for $119.99. It will be available starting on March 3 along with the rest of the Infinity War sets.

LEGO Marvel Super Heroes The Hulkbuster: Ultron Edition (76105)


LEGO Collectible Minifigures Series 18 Officially Revealed

The next wave … Continue

LEGO Wins Three Awards at 2018 Toy of the Year Awards Gala

The 2018 Toy of the Year winners were announced yesterday just ahead of the New York Toy Fair and I’m happy to say that LEGO wins big again this year. LEGO was nominated in five categories this year including:

Collectible of the Year – The LEGO Batman Movie Collectible Minifigures (71017)

Construction Toy of the Year – LEGO Star Wars BB-8 (75187) / LEGO Pirates of the Caribbean The Silent Mary (71042)

Creative Toy of the Year – LEGO Make Your Own Movie

Specialty Toy of The Year – LEGO Star Wars UCS Millennium Falcon (75192)

Tech Toy of the Year – LEGO BOOST Creative Toolbox (17101)


LEGO picked up three awards last night for LEGO Star Wars BB-8 as the Construction Toy of the Year, LEGO Boost for Tech Toy of the Year, and the LEGO Star Wars UCS Millennium Falcon for the Specialty Toy of the Year. This is the second year in a row that LEGO has won for Construction and Specialty Toy of the Year.

With some of the new LEGO products coming out this year, I’m sure we’ll be seeing LEGO again on the ballot in a few categories and they have a great chance for the coveted Toy of the Year award.

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