There will be trouble in the upcoming 2017 holiday season for consumers wanting to walk in their favorite toy store and fill up the stockings for the little ones. No its not just what you could afford, but also where you can go to get the toys for the little ones.
Mattel, the maker of Barbie dolls and Hot Wheels cars, reported disappointing third-quarter results late Thursday and said it was hurt by Toys R Us’ Chapter 11 bankruptcy filing last month. Earlier this week, Hasbro, the maker of My Little Pony and Monopoly, also blamed weak results on the Toys R Us bankruptcy filing.
Both companies said they temporarily slowed shipments to Toys R Us ahead of its bankruptcy, and both said they are working with the retailer to get their toys on its shelves during the holiday season. While Toys R Us had said when it filed for bankruptcy protection that it planned to work with suppliers and would keep its 1,600 Toys R Us and Babies R Us stores open. A resolution is if far from certain.
We only hope you plan ahead in getting the gifts for the little ones.