Hasbro released its annual report last Friday, revealing some details of its operations not previously disclosed in its announcement of year-end results (see 'Hasbro Sales, Trends Down for Year'). The break-out of its retail segment disclosed continued large losses of around $20 million in 2002, down from a $37 million loss in 2001. But $16 million of that $37 million was an impairment charge, so the operating loss was virtually identical in 2002 as it was in 2001. Revenues declined to around $49 million from $51 million in 2001 and $57 million in 2000. The number of stores was listed as 80, down from 85 at the end of 2001 and 100 at the end of 2000.
A little more information about the reasons for the decline in sales in the games segment was given; declines in the sales of Magic: The Gathering and Harry Potter trading card games were mentioned in addition to the decline in Pokemon sales previously revealed.