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Matt Townsend

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THE REMNANT of Toys R Us Inc. is looking for licensing partners to revive the brand in several parts of the world, including in the United States by next Christmas. The company is called Tru Kids Inc. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT

New Toys R Us emerges, looking for partners in U.S. and...

NEW YORK - The remnant of Toys R Us Inc. is looking for licensing partners to revive the brand in several parts of the...
THE NATIONAL RETAIL FEDERATION expects U.S. retail sales growth to slow in 2019. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE

U.S. retail sales seen slowing this year as economy cools off

NEW YORK - Retail sales growth in the United States is expected to slow down in 2019 amid cooling economic conditions, according to the National...
MATTEL INTENDS TO make a live action Barbie movie starring Margot Robbie. / BLOOMBERG NEWS

Following Hasbro’s model, Mattel’s making a live-action Barbie movie

After more than a decade of trying, Mattel Inc. is making another run at taking Barbie to the big screen.A live-action film based on...
THE UNITED STATES' largest companies protected their profits following the 2017 tax cuts by using their savings to offset risings costs, including for labor, transportation and imports. / BLOOMBERG FILE PHOTO/ANDREW HARRER

Tax cut billions fail to spur spending as CEOs safeguard profits

NEW YORK - Critics of President Donald Trump’s tax law centerpiece - slashing the corporate rate - argued the savings wouldn’t spur big companies...
BOTH HASBRO AND MATTEL warned investors in earnings calls this week that there are still more quarters of pain ahead after losing Toys R Us as a customer. / BLOOMBERG NEWS FILE PHOTO/JASON ALDEN

Not all fun and games for toymakers as Toys R Us...

NEW YORK - Major toymakers are still reeling from the loss of Toys R Us, even as retailers from Best Buy Co. to Party...
JERRY STORCH, a former CEO of the defunct toy chain, has been working with multiple investors on a plan to reboot TOYS R US in the U.S / BLOOMBERG FILE PHOTO/JASON ALDEN

Former Toys R Us CEO is working on the retailer’s reboot

NEW YORK - A revival of Toys R Us might be in the works.Jerry Storch, a former chief executive officer of the defunct toy...
S&P 500 COMPANIES have saved an estimated $12.8 billion due to the recent adjustment to their effective tax rates. / BLOOMBERG

Corporate America is saving big on Trump tax-cut windfall

NEW YORK - America’s companies are swimming in cash thanks to the big cut in the corporate tax rate.The roughly 180 companies in the S&P...
MATTEL INC. reported a loss $311.3 million for the first quarter, dragged down by the bankruptcy of Toys "R" Us. / BLOOMBERG FILE PHOTO/DANIEL ACKER

Mattel’s Barbie brand carries quarter, mutes Toys `R’ Us effect

NEW YORK - Barbie’s back in town.Mattel Inc., which named a new CEO last week, softened the effect of Toys “R” Us Inc.’s demise as...
YNON KREIZ is the newest Mattel CEO. He recently told employees that he will focus on fostering creativity and expanding how Mattel uses its brands. / BLOOMBERG FILE PHOTO/ SCOTT EELLS

New Mattel CEO plays catch-up with rivals after four down years

NEW YORK - Mattel Inc., home of Barbie and Thomas the Tank Engine, has struggled for years trying to manage its way out of...
HASBRO REPORTED a $112.5 million first-quarter loss, compared to a $68.6 million profit one year prior. / BLOOMBERG FILE PHOTO/MICHAEL SPRINGER

Hasbro takes a hit with the collapse of customer Toys ‘R’...

NEW YORK - The demise of Toys “R” Us Inc. took a toll on Hasbro Inc., which posted worse-than-expected results in the first quarter.Hasbro...
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