Have you ever thought about how much you would have made if you invested $1,000 in Build a Bear Workshop 10 years ago? Build-A-Bear Workshop, Inc. is an American store based in Saint Louis, Missouri, that offers plush animals and toys.
Throughout a visit to this store, customers participate in a process where the stuffed animal of their choosing is constructed and customized based on their wishes. They may pick from a variety of plush animals with distinct fragrances, noises, and costumes.
In 1997, Clark started Build-A-Bear Workshop. Clark also proposed, in 1997, to buy Basic Brown Bears, a do-it-yourself stuffed animal company that had been in business since 1985. In Richmond Heights, Missouri, she launched her first business in the Saint Louis Galleria. Clark was able to find finance firms promptly to help fund the expansions.
In August 1998, Kansas City Equity Partners invested to enable her to launch her second location. Clark, in 2004, opened Build-A-Bear Workshop to the public. In Sheffield, England, the firm launched its first international franchise and licensed Hasbro to produce a home bear-stuffing kit.
The success of this stock is due to the comparatively inexpensive price of the stuffed bears for younger children drew large crowds, which suffocated the franchise’s stores and many retail malls where Build-A-Bear franchisees are positioned.
If you’d invested $1,000 in Build-A-Bear Workshop, Inc. Com (BBW) on June 22, 2011, today the investment would be worth $2,549.30. You would have made a total profit of $1,549.30 with an annual rate of return of 9.80%.
Build-A-Bear established six pop-up pilot shops in Walmart stores for the 2018 Christmas season. As a result of the pilot’s success, Build-A-Bear expanded into more Walmart locations in 2019.
The build-your-own-teddy-bear business located in St. Louis reported $255 million in income for fiscal year 2020, down $83 million from the previous year. The stock of Build-A-Bear Workshop, Inc (BBW) has increased by about 560% in the last year. It has risen this month, due to a growing consumer demand.
Should You Invest in Build-A-Bear?
Build A Bear Workshop’s stock will continue to be a tempting investment on the market if it can maintain its current trajectory. If you are thinking of starting out investing today, it’s important to do extensive research or speak with a financial advisor.