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Stock impact report

Bankrupt Toys 'R' Us spreads gloom in toyland [CBS News]

Mattel, Inc. (MAT) 
Last mattel, inc. earnings: 2/13 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.shareholder.com/mattel
Company Research Source: CBS News
Bankrupt Toys 'R' Us spreads gloom in toyland It's hardly fun and games for the toy industry this holiday season with the bankruptcy of Toys 'R' Us hurting the fortunes of toymakers Mattel ( MAT ) and Hasbro ( HAS ). The sector's prospects aren't expected to improve anytime soon. Toys 'R' Us, which filed for bankruptcy in September , is now said to be considering closing as many as 200 U.S. stores , roughly 21 percent of its brick-and-mortar locations, because of lackluster sales. It's easy to understand why. Analysts at UBS found that 183 Toys 'R' Us stores are located within a 15-minute drive of at least one other Toys 'R' Us. Moreover, roughly 90 percent of the Wayne, New Jersey-based company's locations are within a 15-minute drive of a Walmart ( WMT ) or a Target ( TGT ), fierce competitors in the toy market. During the three-month period ended Sept. 28, Toys 'R'" Us reported sales of $2.11 billion , a year-over-year decline of 7.5 percent. Domestic same-store sales, a critical Show less Read more
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