Layoff spilling in Retail; Hasbro cuts 15% of its workforce
Who?
Hasbro — you would probably recognize some of the assets they own - monopoly -transformers - nerf guns - peppa pig , PJ masks etc., - if you are old enough- tonka trucks
Oooh not the need guns!
interesting, so looks like the spending pattern of people is indeed changing . The poor sales is probably people bracing for 2023 and cutting down on spending towards . What does this mean ? - will this affect disneys merch sales as well ? - are Mattel , Lego and hot wheels next ? - will Xbox and PlayStation stores See reduced sales on their platforms?
Is spending patterns changing or do people simply not have enough money to buy toys when the same food they eat costs 40% more?
How many versions of Monopoly do you really need?
They own a ton of other assets too , not just monopoly
Add to that Gi Joe, My Little Pony, Potato Head, Transformers, Nerf and lots of board games -
I am upping my spending in 2023
The economy is trash 🗑️