ActionFigureNews.ca - Canadian Action Figure News and Discussion
Go Back   ActionFigureNews.ca - Canadian Action Figure News and Discussion > Action Figure Discussion > Action Figure General Discussion

Reply
 
Thread Tools
Old 02-09-2009, 10:34 AM   #1
Robimus
Super Moderator
Robimus's Avatar
Join Date: May 2007
Location: Winnipeg, Manitoba
Posts: 7,128
Hasbro Profits down 30% Last Quarter

Story is here

Hasbro seems to be starting to feel the economic crunch as well.
Robimus is offline   Reply With Quote
Old 02-09-2009, 01:48 PM   #2
pud333
Master of the Universe
pud333's Avatar
Join Date: Oct 2007
Location: Vancouver
Posts: 2,317
Re: Hasbro Profits down 30% Last Quarter

Considering Toys are not a necessity, it's not surprising Hasbro's profits are down.

Hasbro has a lot riding on some big movies coming out in the summer like GI Joe and Transformers. They say entertainment is recession proof, so it will be interesting to see if Hasbro's sales do well should those movies do well at the boxoffice. I have no idea what the positive correlation is between a movie doing well during a recession and its toys line, but it should be interesting.

I already know that because of the tight times, I am buying less. Used to buy two of everything I bought, one to open, one for MOSC, but now I am way more picky. It's not that I can't really afford to, but it's more due to me wanting to buy a house, and also putting more money away into emergency savings. I'm in the banking industry, and I see every day people coming in with their various hardship stories. So many Canadians don't have emergency funds (3-6 months gross salary saved for emergencies). I'm just being extra careful, even though (knock on wood) my credit union is financially very strong despite the downturn.

Man, that was an essay.
pud333 is offline   Reply With Quote
Old 02-09-2009, 03:31 PM   #3
GMfan101
Cobra Trooper
GMfan101's Avatar
Join Date: Apr 2007
Location: Mississauga
Posts: 160
Re: Hasbro Profits down 30% Last Quarter

Looks like the signs of cutting back are already starting too, look at Transformers. Universe going away (I know that was planned but who knows if it will come back as soon), Animated may be ending...seems like they're focusing on the movie line.
GMfan101 is offline   Reply With Quote
Old 02-09-2009, 04:36 PM   #4
ANDROID PRIME
Red Shirt
Join Date: Apr 2007
Posts: 21
Re: Hasbro Profits down 30% Last Quarter

ah at least its better than mattels 50% decrease. Infact hasbro stock has gone up over 7 % today.
ANDROID PRIME is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

» Action Figure Shopping








Powered by vBadvanced CMPS v3.2.3

All times are GMT -4. The time now is 06:13 AM.



Powered by vBulletin®
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.