quarterly reports ‘r’ us

Enokson

Hasbro Foresees Bad Holiday Season With Bankruptcy Of Toys ‘R’ Us

The holiday season is so crucial for Toys ‘R’ Us that the toy mega-chain made sure to file for Chapter 11 bankruptcy well before the shopping season kicks off, yet promised not to close any stores before the end of that crucial season. However, in its quarterly earnings report, Hasbro, the country’s second-largest toymaker, says that the retailer’s bankruptcy will affect its own earnings for the rest of this year. [More]