Toys "R" Us losing ties with some toymakers ahead holiday season [Business News Network (BNN) Energy & Resources (Canada)]
Mattel, Inc. (MAT)
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Source: Business News Network
Toys "R" Us losing ties with some toymakers ahead holiday season This summer, toy supplier Product Launchers delivered 100,000 specially-ordered DC Comics fidget spinners to Toys "R" Us, unaware that the biggest U.S. toy store chain was in financial trouble. Now Product Launchers, which supplies other novelty items like squishies from five toymakers to Toy "R" Us, expects it will not be paid for the $500,000 fidget spinner order and other items following the chain's Chapter 11 bankruptcy filing on Sept. 19, Product Launchers Chief Executive Linda Parry Murphy told Reuters. "These toymakers were very reliant on Toys 'R' Us. It's their primary account, or the account that they were leaning on to make inroads in the toy industry, looking at the long term down the road," Parry Murphy said. "But we've made a decision not to sell to Toys moving forward." Meanwhile Barbie maker Mattel Inc ( MAT.O ), toy and board game company Hasbro Inc ( HAS.O ) and other large vendors like Lego could get f
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MAT
Earnings
- 4/23/24 - Beat
MAT
Sec Filings
- 4/23/24 - Form 8-K
- 4/18/24 - Form DEFR14A
- 4/17/24 - Form ARS
- MAT's page on the SEC website