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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...
ONLINE AND VIDEO GAMES are increasingly taking up a bigger share of the global toys and games market. / BLOOMBERG

The world’s biggest toymakers aren’t having much fun

NEW YORK - There’s trouble in toyland, and it started long before Toys ‘R’ Us went bust.Sales at the world’s three biggest toymakers—Lego A/S,...
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...
Having seen juvenile malnutrition in her father's native Tanzania, Navyn Salem started making ready-to-use food in Rhode Island. Edesia's success has led the nonprofit to expand this spring, growing jobs here and expanding where it can combat childhood hunger globally. / PBN PHOTO/RUPERT WHITELEY

Nutrition nonprofit Edesia launches corporate giving program

NORTH KINGSTOWN – Nonprofit Edesia announced Thursday that it is launching a new corporate giving program, allowing companies to participate in producing its humanitarian...

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. –...
TOY MANUFACTURERS, including Hasbro, saw share prices drop early Friday on news that Toys R Us may shutter its U.S. operations entirely. / BLOOMBERG NEWS PHOTO/JASON ALDEN

Hasbro falls on news Toys R Us said to prepare shutdown...

NEW YORK – Toys R Us Inc. is making preparations for a liquidation of its bankrupt U.S. operations after so far failing to find...
HASBRO grew revenue year over year in 2017, but saw profit decline due to repatriation taxes driven by the new tax code. / BLOOMBERG FILE PHOTO/DANIEL ACKER

Hasbro revenue up, profit down on tax code changes

PROVIDENCE – Hasbro Inc. reported net income of $396.6 million for 2017, which thanks to a $296.5 million charge as a result of the...
HASBRO HAS GIVEN IN to the inclination of many players of Monopoly to bend the rules, with a new Monopoly "Cheater's Edition," which will be sold starting in the fall. / BLOOMBERG NEWS PHOTO/DANIEL ACKER

Hasbro concedes to human nature with Monopoly made for cheating

NEW YORK – As Hasbro Inc. passed GO, collected $200, and lapped Mattel Inc. to become the No.1 toymaker in terms of sales, it...
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