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01 Apr, 2020
Target Third-Quarter Earnings and Sales Miss Estimates
Target Corp. (NYSE: TGT) reported on Tuesday third-quarter earnings and comparable sales that fell below estimates despite generating more revenue than expected, sending its shares down 7% in premarket trade.Profit missed expectations as price cuts,..
Hasbro to Acquire Mattel
Hasbro (NASDAQ: HAS) has announced plans to buy Mattel (NASDAQ: MAT) in an attempt to combine the two biggest U.S. toymakers in more than two decades. By uniting Hasbro’s My Little Pony, Nerf, and Monopoly brands with Matter’s Barbi..
Layoffs in Lego Land; First Reported Losses in Over a Decade
Lego announces today that they will be laying off up to 1,400 of their 18,200 employees worldwide – Roughly 8 per cent of the company’s staff – as they plan to revamp a business model that, while it has helped keep Lego relev..
Hasbro’s Revenue Exceeds Expectations
Toymaker Hasbro Inc. (NASDAQ: HAS) reached their highest sales in 1-1/2 years after shares dropped 5% at $110.25 and increased stock to about 50% this year due to the demand for their Transformers and Nerf toys in the United States. Most of the comp..
J C Penney to Sell Toys at Department Stores
J C Penney Company Inc. (NYSE: JCP) stock surged jumped 8% after the retailer announced that it is opening toy shops in all of its brick-and-mortar locations with a significantly expanded assortment available at JCPenney.com.The company reporte..
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