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Hasbro's Sales Decline and Industry Challenges
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Overview
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Hasbro experiences a 23% decline in fourth-quarter sales, leading to a 10% drop in stock value. CEO emphasizes the focus on core toy business and cost-cutting measures, while Mattel reports a 16% sales increase. The industry faces challenges due to excess inventory clearance.
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How does the performance of Hasbro and Mattel reflect the overall state of the toy industry?
How might Hasbro's decline in sales impact its long-term strategic decisions and partnerships?
What strategies can the toy industry employ to address the challenges of excess inventory clearance?
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