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Global supply snags could mean fewer toys for the holiday season

Global supply snags could mean fewer toys for the holiday season
borneobulletin.com.bn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from borneobulletin.com.bn Daily Mail and Mail on Sunday newspapers.

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Hasbro To Raise Prices As Costs Rise

Hasbro To Raise Prices As Costs Rise
Wednesday, April 28th, 2021 3:37pm CDT
Greetings Seibertronians! Thanks to fellow Seibertron user, Shiningstar7896, we got pointed towards this article from Reuters. The bulk of the article is from statements made at the Hasbro’s 2021 First Quarter Financial Results Conference Call, which is also where we leaned that the corporation is looking to capitalise on the growing trend of NFTs.
In a nutshell, due to rising costs with resin, shipping, packaging and metal prices, Hasbro will be looking to offset these by increasing the prices on their products from the second half of the year, going forward. This will likely cover Transformers Kingdoms fourth wave and what ever Studio Series figures that are yet to be revealed. ....

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More Price Increases: Kids' Toys Impacted By Material Cost Surge

More Price Increases: Kids’ Toys Impacted By Material Cost Surge
04/28/21 AT 8:08 AM
The list of companies that are raising their prices due to commodity costs is growing, with the latest hikes coming from a major toymaker.
Hasbro (HAS) said Tuesday that it would increase the price of its toys and games to help offset the cost of rising raw material costs while the demand for its Nerf blasters and board games surge as families spend more time at home during the pandemic, CNBC reported.
The news of the price increases come as Hasbro released its Q1 2021 financial earnings report on Tuesday, posting revenues of $1.11 billion, up 1% from a year earlier, while operating profit rose $147.3 million during the same timeframe. ....

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Hasbro toys to get more expensive as costs surge - Netscape Money & Business

Hasbro toys to get more expensive as costs surge
By Uday Sampath Kumar
Reuters
(Reuters) -Hasbro Inc said on Tuesday it would raise prices of toys and games to counter higher raw material costs as the company sees surging demand for its Nerf blasters and board games from families spending more time at home.
Shares of the Monopoly maker, which late on Monday announced the sale of Entertainment One Music to Blackstone Group Inc for $385 million, rose 1% in morning trading.
The toymaker, like most U.S. manufacturers, has had to contend with rising resin, packaging and metal prices, as well as soaring transportation costs due to high demand and supply disruptions caused by the COVID-19 pandemic. ....

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Hasbro toys to get more expensive as costs surge

Hasbro toys to get more expensive as costs surge
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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