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Hasbro Job Cuts 2023 Edition
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12-12-2023, 05:27 AM
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54
Comedian
Join Date: Feb 2014
Location: Buffalo,NY
Posts: 2,413
Sad news…but not unexpected. The massive hasbro finds at Ollie’s and Ross have overstock panic written all over it. Along with the fact target clears out every marvel legends series 3 days after it hits retail. Seems most economists say a recession is in store next year and many more companies are going to be doing this.
I see the large GI joe ship failed from Super7, and they are also having tons of product being dumped at clearance pricing at online stores. Im also seeing Neca do more direct to customer items skipping retail. So this is not unique to Hasbro. I think Mattel has the “Wish” movie stuff. I heard a couple of employees at Walmart yesterday looking at the massive train of shippers filled with that merchandise saying “ what do we do with this junk”? Just a crumby time for all companies.
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