The Toys R US bankruptcy is going to have a big impact on holiday sales, Hasbro says (HAS)
|10/23/2017||Posted by BusinessMediaguide.Com under General World News||
- The Toys R US bankruptcy is going to impact holiday sales, Hasbro says.
- Hasbro estimates fourth quarter revenue will come in at $1.7 billion to $1.74 billion, missing Wall Street expectations.
(Reuters) – The bankruptcy of Toys’R’Us weakened Hasbro Inc’s forecasts for the holiday season in otherwise strong third-quarter results on Monday, boding ill for a sector worried by the collapse of a major customer.
The Amazon-fueled move away from brick-and-mortar retailing was behind the surprise filing last month by Toys’R’Us, which left Hasbro exposed to the tune of $60 million in unsecured claims for payment.
The U.S. toymaker, which was selling about read more >>>