- Time, Wednesday, November 25, 2009 10:24 AM
Fuzzy, electronic toy hamsters with names like Mr. Squiggles, Pipsqueak and Num Nums that coo, drive cars and ride skateboards are emerging as the hit, must-have toys of the holiday shopping season,
Sean Gregory reports. Zhu Zhu Pets are only $8 a pop at Walmart if you can find one, but are going for as much as $60 on secondary-market sites like Amazon.com and eBay.com.
"This is
the hottest toy of the year," says Gerald Storch, chairman and CEO of Toys "R" Us. "There's absolutely no doubt about it." Needham & Co. analyst Sean McGowan thinks they'll be the biggest toy craze
since Tickle Me Elmo in 1996.
The rodents are made by Cepia, a seven-year-old, 16-employee company in St. Louis started by Russell Hornsby, a former Mattel employee. In a
brainstorming session about creating a robotic toy, Cepia execs last year narrowed the list of candidates to a fish, a dog and a hamster. "Out of these, [a live] hamster is the one parents least like
getting," says Natalie Hornsby, the company's marketing director, and Russell Hornsby's daughter. "So we figured a toy substitute would have some value."
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