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Build-A-Bear Workshop, Inc. (NYSE: BBW) is the world’s leading interactive retail-entertainment company, dedicated to helping guests create personalized stuffed animals and lifelong memories. Founded in 1997, Build-A-Bear has grown to operate over 400 stores globally, including company-owned locations in the United States, Puerto Rico, Canada, the United Kingdom, Ireland, Denmark, and franchise stores across Europe, Asia, Australia, Africa, the Middle East, and Mexico.
The company's core business revolves around its unique retail experience, allowing guests to craft their own stuffed animals by choosing and customizing every aspect, from the type of animal to its outfits and accessories. Build-A-Bear's Direct-to-Consumer segment, which includes its e-commerce site and temporary retail locations, generates the largest portion of the company’s revenue. The International Franchising segment oversees franchise agreements across the aforementioned regions, while the Commercial segment handles licensing of intellectual properties and wholesale activities.
In addition to traditional retail, Build-A-Bear has expanded its brand presence through its online
Build-A-Bear Workshop, Inc. (NYSE: BBW) is set to announce its third quarter fiscal year 2022 results on November 30, 2022, prior to market open. An investor conference call will follow at 9 a.m. ET to discuss the financial outcomes. Interested parties can join the call by dialing (201) 493-6780 or (877) 407-3982, with access code 'Build-A-Bear'. A replay will be available the same day at 12 p.m. ET through December 7, 2022. The company reported $411.5 million in total revenue for fiscal 2021.
Sweet has announced a new collaboration with Build-A-Bear Workshop (NYSE: BBW) to auction five unique digital collectible NFTs starting November 15. Each NFT features Silver Gala-themed bears and comes with a physical plush counterpart. The auction runs from November 15 to 17, and 10% of sales will benefit the Build-A-Bear Foundation, which has donated over $22 million to charities since 2004. Auction winners will also receive a personalized brick at the Foundation's Plaza and a private party at a Build-A-Bear Workshop.
Build-A-Bear Workshop has launched a new family sleepwear line as part of its Pajama Shop, expanding into the sleepwear category. This collection includes matching pajamas for families and bear-sized pajamas, appealing to bedtime traditions. The launch coincides with the holiday season, featuring five themed patterns for various occasions. The pajamas are available in toddler, youth, and unisex adult sizes, offering mix-and-match options. The popular Sweet Dreams Bear will also be included as part of the launch, marking a strategic move to enhance brand engagement and seasonal sales.
Build-A-Bear Entertainment has partnered with Hello Sunshine to modernize the classic children's story, Goldilocks and the Three Bears. This collaboration marks the first project from Hello Sunshine's Kids and Animation division, with Reese Witherspoon as an executive producer. The initiative aims to create a powerful female protagonist in Goldilocks, emphasizing storytelling that resonates with family values. Build-A-Bear's President and CEO Sharon Price John expressed excitement about the project, highlighting the synergy between the two brands. This partnership focuses on delivering engaging content to inspire young audiences.
Shriners Children's has partnered with the Build-A-Bear Foundation to introduce Buddy Rooms at various locations throughout North America. These rooms will offer patients complimentary furry friends and accessories, with an annual donation of up to 5,000 bears. This initiative aims to provide comfort and emotional support to children during their hospital visits. Shriners Children's, a leader in pediatric specialty care, has treated over 1.5 million children globally since its inception in 1922. Build-A-Bear Foundation has donated over $22 million to charitable causes since 1997.
Build-A-Bear Workshop is celebrating its 25th anniversary by entering the Web3 space, launching its first collection of non-fungible tokens (NFTs) in partnership with Sweet. The inaugural NFT auction features a unique collectible bear with Swarovski crystals, starting at $2,500. The auction runs from October 4 to October 6, and the winner will receive the physical bear and a trip for two to the anniversary gala on October 22 in St. Louis. A portion of the sales will support the Build-A-Bear Foundation.
Build-A-Bear Workshop (NYSE: BBW) has announced the launch of a new e-commerce website designed to enhance customer engagement and streamline online experiences. The redesigned platform, built on Salesforce Commerce Cloud, features improved functionality and mobile-first design. The company's digital demand has surged by 180% in 2022 compared to 2019. CEO Sharon Price John highlighted the focus on digital transformation and omnichannel strategies, which aim to foster customer loyalty and facilitate seamless online-to-store experiences. Build-A-Bear aims to connect consumers with its brand in innovative ways.
Build-A-Bear Workshop has opened a new store at the Fan Engagement Zone of Hall of Fame Village in Canton, Ohio. This store features a football theme and offers a variety of merchandise, including professional and college football items for plush bears. The company's fiscal 2021 saw record profitability, and the first quarter of fiscal 2022 also reported high revenue. This new location is part of a strategy to open approximately 20 new stores in fiscal 2022, focusing on digital transformation and enhancing omnichannel capabilities.
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