Today’s Research Reports on Stocks to Watch: Mattel and Hasbro
NEW YORK, NY / ACCESSWIRE / March 12, 2018 / Shares of toy manufacturers Mattel and Hasbro both saw losses on Friday after reports indicated that Toys "R" Us could be going out of business in the U.S.
RDI Initiates Coverage on:
Mattel, Inc.
https://rdinvesting.com/report/?ticker=MAT
Hasbro, Inc.
https://rdinvesting.com/report/?ticker=HAS
Mattel, Inc. shares were falling last Friday to close down 7.11% on about 20 million shares traded. The maker of Barbie saw its shares plummet after reports indicated that Toys "R" Us may be liquidating all of its stores in the U.S. Manufacturers such as Mattel have relied on the toy retailer to sell its merchandise and Toys "R" Us made a big part of the company's means for revenue. Bloomberg reported late Thursday that the toy store could be going out of business domestically after filing for bankruptcy last year. In more positive news, Mattel unveiled a collection of 17 Barbie dolls recently to honor National Women's Day which was last Wednesday. The senior vice president and general manager for Barbie, Lisa McKnight, remarked, "Girls have always been able to play out different roles and careers with Barbie and we are thrilled to shine a light on real-life role models to remind them that they can be anything." The series is called The Inspiring Women series and includes polish journalist Martyna Wojciechowska and gymnastics champion Gabby Douglas.
Access RDI's Mattel, Inc. Research Report at:
https://rdinvesting.com/report/?ticker=MAT
Hasbro, Inc. shares closed down 2.06% on almost 3.2 million shares traded this past Friday. Hasbro shares dipped as traders reacted to the news that Toys "R" Us may be liquidating its U.S. stores. Rival Mattel also saw a drop after the reports. Prior to the news, Hasbro was optimistic about the bankruptcy that Toys "R" Us filed for last year. The company's CEO Brian Goldner told TheStreet last Monday, "Our retail footprint is bigger than ever before. We don't see a long-term impact of from the Toys R' Us bankruptcy." The company still relies on other stores like Walmart and Target for a lot of its sales. In other news, Hasbro also announced last week that it will start using plant-based bio-polyethylene terephthalate (PET) for blister packs and plastic windows in its product packaging starting next year. Kathrin Belliveau, senior vice president, Global Government, Regulatory Affairs and Corporate Social Responsibility, Hasbro, Inc. stated, "At Hasbro, we take pride in designing for the environment and believe that every package makes a difference. We're proud of the strides we've made to advance the sustainability of our packaging and we know our consumers care deeply about this. We see every day as a chance to do better, and through actions like this, we are developing a more sustainable business and reducing our environmental impact."
Access RDI's Hasbro, Inc. Research Report at:
https://rdinvesting.com/report/?ticker=HAS
Our Actionable Research on Mattel, Inc. (NASDAQ: MAT) and Hasbro, Inc. (NASDAQ: HAS) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com