AUSTIN, Texas — Robby Pettinato, the Chief Operating Officer for Toy Joy, says price increases are nothing new. During the COVID-19 pandemic, he saw how increased shipping costs affected pricing from their manufacturers.
“The scary thing that we learned, however, is once vendors raise pricing, whether it’s for tariffs or shipping or anything, they never go back down,” Pettinato said.
Very few toy companies manufacture everything in the U.S., and with President Trump’s sweeping new tariffs, Pettinato says the company’s vendors had to raise their prices…