Toys 'R' Us could go out of business next week. That's bad news for Lego and Barbie
Posted: Sat Mar 10, 2018 8:14 pm
CNN Money - 3/9/2018 - Paul R. La Monica - Bankrupt retailer Toys "R" Us may shut all its US stores as soon as next week, according to several reports. That's terrible news for the two biggest publicly traded toy companies. Investors are clearly preparing for the worst. Shares of Hasbro (HAS) fell 3.5% Friday morning while Mattel (MAT) plunged 7%. Smaller toy company Jakks Pacific (JAKK) fell nearly 5% too. Canada's Spin Master, which owns the popular line of Hatchimals toys, was down about 3% as well on the Toronto Stock Exchange. Read more @ http://money.cnn.com/2018/03/09/investi ... index.html