How Labubu Skyrocketed Pop Mart Stock 1,200%
The Wall Street Journal·2025-07-05 15:01
Whenever Chinese retailer PopMart drops a new Laboo designer toy, it sells out within minutes. Sold out. Insufficient stock already.These hard to get toys are packaged in blind boxes. Meaning customers buy them without knowing what's inside. Oh, this is the main one that I actually wanted.And they drive the majority of PopMart's revenue, which more than doubled in the past year. Unboxings have flooded social media. Fans flock overseas to buy exclusive products, and Laboo Dolls have been spotted dangling off ...