Friday, October 27, 2017

The party is truly over

New sales price sign for Fidget Spinners, Vancouver, BC

I knew this day was coming. The fidget spinner is the classic toy fad. And like all products, fads go through the stages of the product life cycle; introduction, growth, maturity, and decline. But with fads the maturity phase is very short, so the growth is very fast the decline is similarly rapid. (In this case the start of the introduction was February 2017 and the depths of the decline have been reached in October 2017.)

The prices started high, went up, and have now crashed. The fidget spiders at this store used to to $10.00 each, but given the complete collapse of the market, the price has been slashed to $1.00 and the retailer could not be bothered to print up a new sign. They just got out a black marker and changed the selling price form $10.00 to $1.00.

And to further confirm the demise of the fidget spinner, I've started to see them turn up in thrift stores.

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