toys

Barnes & Noble's Earnings Rise, but Profits Fall

It has been a tumultuous year for Barnes & Noble, the country's largest bookseller, and its quarterly earnings report reflects that. Total sales for the quarter were $1.9 billion, a bit less of a gain than analysts had predicted, while earnings were a net loss of $12.6 million, also worse than expected.

Walmart Slashes Toy Prices as Holidays Competition Heats Up

Walmart slashed toy prices ahead of the holiday season in a bid to gain the edge on low-cost rival Target Corp. When Wal-Mart learned that many of its toy prices were higher than Target%u2019s, Wal-Mart revised prices downwards, The Wall Street Journal said.

Hasbro Reports Third-Quarter Earnings of $1.09 Per Share

Hasbro Inc (HAS) reported third-quarter earnings of $1.09 per share, compared with 99 cents per share a year earlier. Net revenue rose 3% to $1.31 billion, the toymaker said in a statement. Absent the negative impact of foreign exchange movements, and revenue was up 4%.

Mattel Posts Third Quarter Earnings of 77 Cents Per Share

Toy company Mattel Inc (MAT) reported third quarter earnings of 77 cents per share, up from 63 cents per share a year earlier. Net sales rose 2% to $1.83 billion, including unfavorable changes in currency exchange rates, the company said in a statement. Gross sales rose 3% in the U.S. and 2% in international markets.

Looking for a Seasonal Job?
Try Toys R Us

Toys R Us plans to hire 45,000 temporary staff as it gears up for the holiday season. That%u2019s more staff than the company has hired in each of the last three holiday seasons and effectively doubles the company%u2019s domestic workforce, Toys R Us said in a statement.

Sears Plans to Open Dozens of Toy Shops in Time for Holidays

Sears will open toys shops in 85 stores in key markets in a bid to attract shoppers in time for the holiday season. "We have a very aggressive plan for growing our toy business," Julia Fitzgerald, chief marketing officer for Sears' toy business told Reuters.

Super Spy Barbie? MGA Accuses Mattel of Toy Espionage

MGA Entertainment, maker of the controversial line of Bratz dolls, threw another punch in its extended copyright brawl with Barbie maker Mattel, alleging that Mattel has for years been falsifying credentials to spy on competitors at toy fairs.

Barbie Maker Mattel's Profit Doubles to $51.6M

Toymaker Mattel Inc (MAT) said that profit for the second quarter more than doubled from a year ago. Net income for the quarter was $51.6 million or 14 cents a share, compared with $21.5 million, or 6 cents a share, in the second quarter of 2009. Net sales rose 13% from a year earlier to $1.02 billion, the company said in a statement. Operating income for the quarter was $69.4 million, from $32.5 million in the second quarter of 2009.