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EXCLUSIVE: Litigation Expert Talks Toys 'R' Us, Cannabis Trademarks And 'The Sex Chamber Of Secrets'
Monday, April 17, 2023 - 10:08am | 999Last month toy company Toys “R” Us filed a lawsuit against cannabis retailer Zaza R Us for violations of state and federal intellectual property laws, including trademark dilution and infringement. Benzinga spoke with Priya Sopori, founder and co-chair of...
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Could Bed Bath & Beyond Declare Bankruptcy? These 2 Recent Developments Suggest Yes
Monday, August 22, 2022 - 3:36pm | 822Retailer Bed Bath & Beyond (NASDAQ: BBBY) has been one of the bigger stock storylines of 2022. The popular stock that has been labeled among the “meme stocks” saw strong interest after GameStop Corporation (NYSE: GME) Chairman Ryan Cohen accumulated a stake in the company. The...
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No Toying Around: Toys R Us Stores Could Be Coming Back To North America
Monday, March 15, 2021 - 5:40pm | 546One of the most well-known retail brands suffered a Chapter 11 bankruptcy in 2017 that it couldn't overcome. Toys R Us went bankrupt and closed its stores in North America. But the toy retailer could be making a comeback in 2021. What Happened: WHP Global is taking a controlling interest in Tru...
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10 Things You Stopped Using This Decade
Tuesday, December 31, 2019 - 12:30pm | 724The 2010s brought dozens of disruptive inventions that reshaped our routines and sent traditional tech to the dump. Here are some of the most well-loved things we tossed aside this decade. Real, Off-The-Bone Meat Veggie burgers had a resurgence, but the decade was really dominated by Beyond Meat...
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'Magic: The Gathering' Works Wonders For Hasbro
Wednesday, April 24, 2019 - 12:38pm | 724Hasbro, Inc. (NASDAQ: HAS) surprised Wall Street with a first-quarter earnings beat Tuesday, finding some magic in a new esports version of an old game, “Magic: The Gathering.” The beat helped convince sell-side analysts that the disruption caused by the Toys R Us closure is over...
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Mattel Plummets On Lowered Guidance, One Week After Earnings-Inspired Spike
Friday, February 15, 2019 - 4:27pm | 334Mattel Inc. (NASDAQ: MAT) shares plummeted more than 18 percent on Friday afternoon after the company issued lower guidance for its first quarter and 2019. The company issued new guidance during its Toy Fair presentation, saying first-quarter gross sales would be lower than the same quarter of...
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Optimism In Toyland: Wells Fargo Likes Mattel, Hasbro Moving Forward
Wednesday, February 13, 2019 - 3:18pm | 556The coming year may be playtime for investors looking into toy company stocks. The two biggest players in the industry, Hasbro Inc. (NASDAQ: HAS) and Mattel Inc. (NASDAQ: MAT), both look set for 2019 growth, a Wells Fargo analyst said Wednesday. Mattel looks better positioned than its rival Hasbro...
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Hasbro CEO Tells Cramer Toys R Us 'Disruption' Is Over
Tuesday, February 12, 2019 - 5:40pm | 417Toymaker Hasbro, Inc. (NASDAQ: HAS) reported Friday with fourth-quarter results that were negatively impacted by the Toys R Us liquidation. During the quarter, net revenue fell 13 percent from last year to $1.39 billion, while full-year revenue fell 12 percent from $4.58 billion. What...
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UBS: Increasingly, Toys 'R' Sold Online
Friday, December 21, 2018 - 4:06pm | 717Toyland is increasingly a virtual place. Online toy sales will see a modest increase over the coming years, according to the newest UBS Evidence Lab eCommerce Retail survey, and more than one-third of toy purchases could be made online by 2022 — up from about 23 percent of sales now. That...
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Cowen: 5 Reasons Target Will Outperform
Wednesday, November 7, 2018 - 10:18am | 425Cowen offered five reasons to warrant a bullish rating on retailer Target Corporation (NYSE: TGT) after holding a neutral stance on the stock for more than two years. The Analyst Cowen's Oliver Chen upgraded Target from Market Perform to Outperform with a price target lifted from $90 to $100....
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MKM Partners: After Toys 'R' Us Struggles, Hasbro Poised For Strong 2019
Wednesday, August 15, 2018 - 10:31am | 444While 2018 has proven a difficult year for the toy industry, Hasbro, Inc. (NASDAQ: HAS) is well-positioned for a material fundamental recovery over the coming years, according to MKM Partners. The Analyst MKM analyst Eric Handler upgraded Hasbro from Neutral to Buy with a price...
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How The Toys 'R' Us Bankruptcy Impacted July's Jobs Data
Friday, August 3, 2018 - 1:07pm | 325Retail added 7,000 jobs last month, no thanks to Toys ‘R’ Us. A 32,000-employee decline in toy, game, sporting goods, book, music and hobby stores offset a 14,000-personnel gain in general merchandise stores and gains in clothing and accessories (10,000) and food and beverage vendors (8...
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4 Reasons Why Hasbro Was Downgraded By BMO
Monday, July 16, 2018 - 12:19pm | 425Hasbro, Inc. (NASDAQ: HAS) shares are overvalued trading at an 18.1-19.3 multiple on 2019 estimated earnings, and a more appropriate valuation is 15 times next year's earnings, according to BMO Capital Markets. The Analyst Analyst Gerrick Johnson downgraded Hasbro from Market Perform...
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Analyst: Mattel's Fundamentals Don't Warrant Its Recent Run
Thursday, June 28, 2018 - 1:06pm | 341Mattel, Inc. (NASDAQ: MAT) was downgraded Thursday from Neutral to Underperform by D.A. Davidson analyst Linda Weiser. Weiser maintained her $12 price target on the stock. The Thesis Mattel shares closed Wednesday 29.5 percent above the April 20 low of $12.96, compared to the S&P 500’s 1...
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Party City Pop-Up Toy Stores Could Help Toymakers Stung By Toys 'R' Us Closures
Monday, June 25, 2018 - 3:05pm | 412Party City Holdco Inc (NYSE: PRTY) announced Monday it will open about 50 pop-up toy stores for the holidays to seize the market Toys 'R' Us abandoned. The Street responded to late reports with a 2-percent stock pop, but one analyst said Party City’s foray into toys wasn’t...