Rainbow Loom was created by Cheong Choon Ng,
a Malaysian immigrant of Chinese descent who came to the
United States in 1991 to attend Wichita
State University because Malaysia practises a system of racial quotas for university placements, with preference given to the Bumiputera community that is largely Malay.where he earned a graduate degree in mechanical
engineering
He was employed as a crash-test engineer for Nissan Motor Company in 2010 .
He conceived the idea of a toy loom for
rubber-band crafting after seeing his young daughters make rubber-band
bracelet. He tried to show them how they can link the rubber bands together but
was unsuccessful, so he stuck a scrapboard with multiple rows of pushpins on
which the bands can be linked more easily.
The bracelets became popular with the
neighborhood children, and his daughter suggested that he sell them. He spent
six months developing the loom kit and designed 28 different versions. His prototype, which he called Twistz
Bandz, used a wooden board,
pushpins, and dental hooks. He invested $10,000 and found a factory in China to
manufacture the parts, which he and his wife assembled in their home in June
2011.
Ng renamed his
product after discovering an elastic hair band on the market named Twist Band.
His brother and niece came up with the name Rainbow Loom.
He then attempted to convince toy stores in Michigan to stock the bands, but found no success for months as people simply did not “understand how they worked”. Ng started a website and filmed instructional videos featuring
his daughters and niece.
In summer 2012, Ng received his first store
orders from franchises of Learning Express
Toys,
a specialty crafts chain, and sales picked up.In June 2013 arts and
crafts retail chain Michaels test-marketed the
product in 32 stores; by August the chain was carrying Rainbow Loom in its
1,100 U.S. locations.
Rainbow Loom is also sold at Mastermind in
Canada and in specialty stores.
As of August 2013,
600 retailers were selling Rainbow Loom at a retail price of $15 to $17. The
kits are manufactured in China, and Ng supervises distribution out of a 7,500
square feet (700 m2) warehouse near his home.
In 2013, Ng worked with The Beadery and Toner
Plastics to produce the Wonder Loom, a redesigned version
of the Rainbow Loom that is made in the United States. The Wonder Loom is sold
by Wal-Mart. In April 2014, a
travel-sized version of the Rainbow Loom was released called the Monster
Tail.Ng’s “Rainbow Loom” went on to register over US$40 million in sales last year, a figure he expects to double this year.
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