The demise of Toys “R” Us took a toll on Hasbro last quarter, but the toymaker says the worst is behind it. Hasbro posted declining sales in all business areas, after the world’s largest toy chain announced the liquidation of its operations in the U.S. and U.K. Hasbro’s shares initially declined, only to rebound after Chief Executive Officer Brian Goldner told investors the impact would lessen going forward as retailers, such as Walmart and Target, likely expand their toy offerings. “We’re working aggressively around the world to put the impact of Toys ‘R’ Us behind us,” Goldner said.
Hasbro Says Worst Damage From Toys ‘r’ Us Collapse Has Passed
Bloomberg, Bangor Daily News
Mon, 04/23/2018 - 10:19am
Sections: u.s.
Topics: Maine Penobscot County Bangor
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