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Archive for Friday, March 23, 2012

Etch A Sketch back in the picture thanks to Romney gaffe

March 23, 2012

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Pushed to the bottom of the toy box by video games and other high-tech gadgets, Etch A Sketch is suddenly drawing lots of attention, thanks to a gaffe that has shaken up the race for the White House.

Ohio Art Co., maker of the classic baby boomer toy, is sending a big box of Etch A Sketches to the presidential campaigns to say thanks for the publicity and a boost in sales.

It all started when Mitt Romney strategist Eric Fehrnstrom was asked Wednesday about the candidate’s politics now versus next fall, and he likened the campaign to an Etch A Sketch: “You can kind of shake it up and we start all over again.”

Democrats and Republicans alike seized on the remark as evidence that Romney is a flip-flopper willing to alter his positions for political gain.

GOP rival Newt Gingrich told voters in Louisiana that “having an Etch A Sketch as your campaign model raises every doubt about where we’re going.” Rick Santorum brandished an Etch A Sketch and told voters he is a candidate who stands “firmly on the rocks of freedom, not on the sands of an Etch A Sketch toy.” Santorum’s staff also handed out miniature Etch A Sketches to reporters.

While Romney’s opponents are hoping the remark will erase his momentum and reframe the debate, the biggest winner might be Ohio Art.

Its stock, which trades over the counter, nearly tripled on Thursday, closing at $9.65, and major stores reported a jump in sales, said chairman Bill Killgallon.

“We’re proud that one of our products is shaking up the debate,” he said.

Ohio Art has sold more than 100 million Etch A Sketches worldwide since its introduction in 1960. The toy, with its familiar gray screen and bright-red frame, allows youngsters to draw things by twisting two white knobs. A quick shake erases the image and lets you start over.

Etch A Sketches were made in Ohio until 2000, when the company moved production to China because of increasing costs.

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