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Title: What Strong Consumer: Hasbro Lays Off 20% Of Company On Plunging Toy Sales
Source: [None]
URL Source: https://www.zerohedge.com/markets/h ... fter-holiday-toy-sales-go-limp
Published: Dec 11, 2023
Author: Tyler Durden
Post Date: 2023-12-11 23:29:16 by Horse
Keywords: None
Views: 206
Comments: 1

"The market headwinds we anticipated have proven to be stronger and more persistent than planned..."

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#1. To: Horse (#0)

Those happen to be American Jobs by the way. All their production jobs, are still in China, and the only overhead they will cut, will be Americans. People who freelance, people who do the creative end stuff here in the US, will be finding themselves cut and kicked to the curb.

The fact that after Disney raised their licensing fees, and Hasbro, who bought out Kenner, has most of their licenses with Hasbro, who in turn had to raise prices to keep up with the new licensing that Disney more or less wants returned to them so that they can use their in house producers who will work for much less.

Hasbro more or less is seeing the unseen hand at work. Had Disney not bought up the Star Wars franchise, Hasbro likely would not be feeling the pinch. Had they also not made the 40 and 50 year old toy collector their market, capitalizing on nostalgia, they might not be firing 20 percent of their likely management and freelancers.

But hey, Bidenomics, Am I right???

TommyTheMadArtist  posted on  2023-12-11   23:51:35 ET  Reply   Untrace   Trace   Private Reply  


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