And Expands 20-Year NFL Licensed Co-Branded Product Lineup to Include Every Team
ST. LOUIS, Sept. 5, 2024 /PRNewswire/ -- Build-A-Bear Workshop, Inc. (NYSE: BBW), announced today an exclusive multi-year deal with the back-to-back Super Bowl Champion Kansas City Chiefs. Among other ongoing brand building opportunities, Build-A-Bear will be the presenting partner of both the popular team mascot, "KC Wolf," and the Chiefs digital Fan Cam experience focused on game attendees tagging themselves in a high-resolution, full-stadium picture as well as locating a Build-A-Bear in the stands during each home game for the chance to win a special prize. This collaBEARation between the two Missouri-based organizations also makes Build-A-Bear the "official bear" brand of the storied team.
"We believe this multi-dimensional relationship underscores the winning formula that has been created between the two organizations, and adding the Kansas City Chiefs, our corporate "home team," to the roster is clearly a touchdown," added Chris Hurt, Chief Operating Officer of Build-A-Bear.
For over 20 years, Build-A-Bear's officially licensed NFL product has delighted both football and furry friend fans. The new product lineup sports a variety of official co-branded products for EVERY NFL team and are available online and in select Build-A-Bear Workshops across the country where localized team offerings will be featured. This season, an amplified marketing effort will support an opportunity for fans to get in the game on "Jersey Thursdays" at participating Workshops by wearing their favorite NFL team jersey to receive a 10% discount on a Build-A-Bear in-store purchase starting Thursday, September 5.
As a part of Build-A-Bear's growth strategy, the Kansas City Chiefs partnership is envisioned to appeal to the broadening consumer demographic that has already purchased NFL/Build-A-Bear co-branded products to date and comes at a time when the fan bases of the two brands overlap more than ever. In recent years, Build-A-Bear's sales have extended beyond the original core of kids to include teen and adult consumers, also known as "kidults," who now represent up to 40% of the business.
About Build-A-Bear
Since its beginning in 1997, Build-A-Bear has evolved to become a beloved multi-generational brand focused on its mission to "add a little more heart to life" where guests of all ages make their own "furry friends" in celebration and commemoration of life moments. Guests create their own stuffed animals by participating in the stuffing, dressing, accessorizing, and naming of their own teddy bears and other plush toys based on the Company's own intellectual property and in conjunction with a variety of best-in-class licenses. The hands-on and interactive nature of our more than 500 company-owned, partner-operated and franchise experience locations around the world, combined with Build-A-Bear's pop-culture appeal, often fosters a lasting and emotional brand connection with consumers, and has enabled the Company to expand beyond its retail stores to include e-commerce sales on www.buildabear.com and non-plush branded consumer categories via out-bound licensing agreements with leading manufacturers, as well as the creation of engaging content via Build-A-Bear Entertainment (a subsidiary of Build-A-Bear Workshop, Inc.). The brand's newest communications campaign, "The Stuff You Love," commemorates more than a quarter-century of creating cherished memories worldwide. Build-A-Bear Workshop, Inc. (NYSE: BBW) posted consolidated total revenues of $486.1 million for fiscal 2023. For more information, visit the Investor Relations section of buildabear.com.
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SOURCE Build-A-Bear Workshop
