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Business

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Target lists holiday top toy favorites

An Elmo that gives out hugs, Barbie’s Dream House, and a new striped Furby all made Target Corp.’s list of top toys for the holiday season.

Retailers place their bets early on which toys will be hits and then spend heavily to market them to spur sales during the holiday season. It’s a crucial time because holiday sales can make up to 40 percent of a retailers’ annual revenue.

Among the top picks: Sesame Street’s Big Hugs Elmo, a mechanical Elmo that gives out hugs and sings songs; Hasbro’s Furby Boom, a robotic toy pet; a Target exclusive Mattel Monster High doll called Power Ghouls; and SpinMaster’s Flutterbye Flying Fairy, a doll that can flutter on air.

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