Thursday, December 9, 2021

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Matt Townsend

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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...
HASBRO CEO BRIAN GOLDNER said that the company made a tactical error, releasing toys too far ahead of the Star Wars franchise’s most recent movie. / BLOOMBERG FILE PHOTO/JEENAH MOON

Hasbro CEO admits making strategic mistake with ‘Last Jedi’ toys

PAWTUCKET - The force wasn’t with Hasbro Inc. during its latest Star Wars merchandising push. CEO Brian Goldner says the company goofed by releasing toys...

Toys R Us is said to miss vendor payments as woes...

NEW YORK – Toys R Us Inc. has missed payments to some suppliers in recent days as the U.S. division heads toward a likely...
WITH IT LOOKING more likely that Toys R Us will shutter its U.S. stores, toymakers are looking at a very different retail environment, especially for toys that do not have large marketing campaigns supporting them. / BLOOMBERG FILE PHOTO/LUKE SHARRETT

Toys R Us liquidation threatens to curb toymakers’ innovation

NEW YORK – Toys R Us Inc. doesn’t sell the most toys in the United States – that distinction goes to Walmart Inc. –...
HASBRO HAS MADE more toys for “Black Panther,’’ than it has for any other Marvel character in its first full-length movie. /BLOOMBERG FILE PHOTO/MICHAEL SPRINGER

‘Black Panther’ rocks toys as Hasbro revives merchandising

NEW YORK - Hasbro Inc. didn’t need to read the Zeitgeist to predict more than a year ago that “Black Panther’’ would be a...

How big business is using the Trump tax cut, what we...

NEW YORK – President Donald Trump’s corporate tax cuts are already having a big impact. The main takeaway at the halfway point of earnings season...
WITH IT LOOKING more likely that Toys R Us will shutter its U.S. stores, toymakers are looking at a very different retail environment, especially for toys that do not have large marketing campaigns supporting them. / BLOOMBERG FILE PHOTO/LUKE SHARRETT

Toys ‘R’ Us to shutter stores in bid to exit bankruptcy

NEW YORK - Toys “R” Us Inc. is planning to close about 180 U.S. stores as part of a reorganization plan to emerge from its...
STAR WARS TOY SALES declined in the fourth quarter, defying investors expectations. / BLOOMBERG FILE PHOTO/JEENAH MOON

`Star Wars’ toy sales fall as movie-tie fatigue sets in

NEW YORK - The warning signs for the toy industry started last year when “Cars 3” - considered a surefire success - proved lackluster for...
THE REPUBLICAN TAX OVERHAUL will result in significantly different effective tax rates in a number of industries.

What largest tax overhaul in 30 years means for companies

NEW YORK – The impact of the biggest overhaul of the U.S. tax code in three decades will spread far and wide starting next year,...

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