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Global toy retailer suspends online operations, closes stores
Yahoo Finance· 2026-02-06 18:07
The retailer also owes roughly $120 million CAD ($87.6 million USD) to vendors, along with $4.7 million CAD ($3.43 million USD) in unpaid rent, property taxes, and other obligations tied to its remaining stores. The filing also shows more than $36 million CAD ($26.3 million USD) in outstanding gift card liabilities, as well as ongoing litigation related to unpaid rents and commercial disputes from vacated store locations.According to court filings , Toys "R" Us Canada reported a net loss of $170 million CAD ...
Trump's Tariffs Are Weighing On This Toy-Maker That Competes With Hasbro And The Lego Group: Growth Score Dips - Jakks Pacific (NASDAQ:JAKK), Hasbro (NASDAQ:HAS)
Benzinga· 2025-11-07 09:21
Core Insights - A leading U.S.-based toy-maker is significantly affected by the trade and tariff policies of President Donald Trump, impacting its sales and margins [1] - Despite some easing in trade tensions, the company's stock remains at multi-year lows [1] - JAKKS Pacific Inc. has seen a drastic decline in its Growth score, dropping from 98.07 to 26.33 in just one week [4] Financial Performance - JAKKS Pacific reported a 34% year-over-year decline in revenue, totaling $211.2 million for the third quarter [5] - The company posted a profit of $20.6 million, or $1.80 per share, down from $54.0 million, or $4.79 per share the previous year [5] - The stock has decreased by 40.33% year-to-date [5] Market Position - The company competes with Hasbro Inc. and The Lego Group, and its Growth metrics have significantly declined in Benzinga's Edge Stock Rankings [1][2] - The stock is performing poorly across Momentum and Growth categories in Benzinga's Edge Stock Rankings, indicating unfavorable price trends [6]