Higher Costs for Toys this season
NEW YORK (AP) - Someone is going to have to pay all the extra costs of making toys safer.
For now, toy makers and retailers are sharing the burden, but that's only expected to last until the holiday season. Next year, American consumers will be facing price increases of up to 10 percent to pay for the industry's increased vigilance after more than 3 million lead-tainted toys from China were recalled worldwide since June.
That means a $6.99 Barbie doll could go up to about $7.70, or a $70 child-friendly digital camera could retail next year for almost $80.
$$$ for Toys
For now, toy makers and retailers are sharing the burden, but that's only expected to last until the holiday season. Next year, American consumers will be facing price increases of up to 10 percent to pay for the industry's increased vigilance after more than 3 million lead-tainted toys from China were recalled worldwide since June.
That means a $6.99 Barbie doll could go up to about $7.70, or a $70 child-friendly digital camera could retail next year for almost $80.
$$$ for Toys
