Toy makers face dismal outlook after Hasbro's holiday sales tank
HASHasbro(HAS) New York Post·2024-02-14 05:55

Toy manufacturers are revealing dismal results for the holiday season as shoppers scooped up far fewer dolls and action figures than last year – and experts say there’s no relief in sight. Hasbro’s disappointing fourth quarter – sales tumbled 23% compared to a year ago, the company said on Tuesday – comes on the heels of archrival Mattel’s flat sales forecast for 2024 last week. Despite the box office success of the Barbie movie that also goosed sales of Barbie dolls, Mattel’s chief executive Ynon Kreiz is ...