Toys ‘R’ Us Closings: How Mattel, Hasbro, and Lego Will Be Affected [Fortune]
Mattel, Inc. (MAT)
Last mattel, inc. earnings: 2/13 04:05 pm
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Source: Fortune
When news broke that Toys ‘R’ Us had failed to find a buyer or reach a debt restructuring deal with lenders, the end seemed near for the the 70-year-old big box toy retailer. The inevitable was announced Wednesday when the bankrupt company told employees it would most likely close all of its 700 or so remaining U.S. stores. The end of Toys ‘R’ Us, which accounts for 15% of U.S. toy revenue , will have far-reaching effects on the industry. Here’s who and what will be impacted the most. Employees The U.S. division of Toys ‘R’ Us employs some 33,000 people, all of whom will be affected by the closure. Stores will remain open for some time with liquidation sales set to begin in a few weeks. And some employees might keep their jobs if Toys ‘R’ Us successfully sells its healthier Canadian business, plus its 200 best U.S. stores to a buyer, with the new entity run from Canada. Mattel Mattel , the maker of Barbie, Fisher Price, and Monster High toys, have already
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MAT
Earnings
- 2/7/24 - Miss
MAT
Sec Filings
- 4/18/24 - Form DEFR14A
- 4/17/24 - Form ARS
- 4/17/24 - Form DEF
- MAT's page on the SEC website