January 22, 2025
Build-A-Bear’s CEO spends her Friday writing old-fashioned thank you notes to bolster her 6 million toy empire

Build-A-Bear’s CEO spends her Friday writing old-fashioned thank you notes to bolster her $486 million toy empire

Don’t be surprised if the CEO of Build-A-Bear sends you a series of heart and clapping emojis the next time you do business.

And for Sharon Price John, business was good.

John, a toy industry insider with roles including Mattel and Hasbro, has been at the helm of the customizable stuffed animal retailer since 2013. She’s now on a mission to tap into millennial nostalgia by designing toys aimed at adults, like Pokémon, Harry Potter, And Stranger things collections – and borrowing from pop culture moments, including a new one Bad collection.

The strategy appears to be working, even as competition in the plush toy industry increases: Build-A-Bear was hit with a lawsuit in February 2024 by the makers of Squishmallows, and its attempts to dismiss the case were rejected last summer. by an American judge. Still, the company posted a third-quarter profit in December and expected total revenue of $495 million for the year.

It’s been a long time coming for the toy company, which reported a $49 million loss before John took over the brand more than a decade ago. Now, if FortuneAccording to Emma Hinchliffe, all Build-A-Bear’s 525 physical stores are now profitable, up from 80% in the past decade. But amid the swirl of new strategies and technology at the 27-year-old company, John makes sure to take an hour out of her busy schedule to send a classic message that is often overlooked in corporate America today. : a thank you note.

“I noticed that this means a lot to people,” she said Fortune from her weekly Friday training. “It only takes a few seconds to text someone.”

John said her workdays are often filled with back-to-back meetings and events after work, so it’s often easy to forget to highlight employees’ wins and problem solutions in the moment. Taking some time to have a great sales day or to write a note of appreciation can help her stay on top of the week, and it’s great for business, too.

“In this role, it’s very easy to focus on everything that needs to be fixed, and there’s always something that needs to be fixed,” she said. “But if you keep the balance and acknowledge and think about the things that are going well, sometimes that helps the momentum.”

John also hopes that this practice will invite copycats among business leaders.

“I hope the people I send these emails to [or texts] to then turn around and do that for their own organization,” she said.

In addition to her weekly expressions of gratitude, John shared some other important business lessons with her Fortuneincluding a warning to other C-suite wannabes: don’t be surprised if you have to be an expert in everything before you take on the top job.

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