Hasbro's detailed Q3 financials were released last week, and the report on its retail operations showed another four stores closed (for a total of 18 closed so far this year), and declining sales and losses. Store sales for the quarter declined to $6.7 million from $9.1 million in the year ago period. Retail operating losses declined to $3.6 million from $6.1 million in Q3 last year. This continues Hasbro's dismantling of the retail operation it inherited in its acquisition of Wizards of the Coast (see 'Hasbro Continues To Close Game Stores').
Cuts Losses in Retail Division
Posted by ICv2 on November 9, 2003 @ 11:00 pm CT
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