>> Toy makers are beginning to feel the pain from the collapse of Toys R Us, beginning with Hasbro. Hasbro reporting a $100 million shortfall in sales, and putting most of the blame on the liquidation of its biggest retail customer, Toys R Us. The iconic toy chain announced earlier this year that it was selling or closing all 885 of its US stores, leaving toy makers like Hasbro, deprived of display space.
If that wasn't enough, selling online has also become more difficult with thousands of rivals, smaller producers, selling on Amazon. And kids aren't helping the cause, with many preferring electronics over physical toys. Shares of Hasbro plummeted 5% in early trading, Monday. But Hasbro said it expects that the second half of the year will not bring as much paint from the Toys R Us liquidation.
That helped the stock recover into positive territory. Hasbro rival, Mattel will report it's earnings on Thursday.