Retail watch: Anxiety at Lego

|By:, SA News Editor

Nobody knows toys like Lego which means anxiety emanating from the Denmark-based company might be cause for concern amongst retailers.

Though consumers have stepped up spending on automobiles, housing, and electronics - the early reads on holiday spending have been poor.

Lego CFO John Goodwin says this year is the "greatest stress test" the company has seen as it banks on the theory that consumers will shop late and shop often this holiday season.

He adds it's difficult to ascertain why consumers are holding off so much this year.

Retailers carving out a decent amount of space for Lego include Kmart (SHLD), Target (TGT), Wal-Mart (WMT), and Barnes & Noble (BKS).