Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
by John BIERS Agence France Presse NEW YORK, United States (AFP) — The US-China trade war has dealt a glancing blow to American toys, hitting putty and arts and crafts items, while sparing superhero action figures, toy cars and most best-selling offerings. Yet uncertainty about the trading relationship between Beijing and Washington hangs over this weekend’s Toy Fair, dampening the festive mood amidst giant balloon cartoon figures and karaoke cars as some 30,000 industry representatives […]
NEW YORK, United States (AFP) – Slumping US toymaker Mattel announced Wednesday it will cut 2,200 jobs after reporting another steep loss in the second quarter, sending shares sharply lower. Mattel, the maker of Barbie, Hot Wheels and other toy mainstays, said the job cuts account for 22 percent of its global non-manufacturing staff. Mattel had 35,000 employees at the end of 2017. The company also plans to sell manufacturing sites in Mexico. “Mattel is […]
NEW YORK, United States (AFP) — Toys ‘R’ US plans to sell or close all of its US stores, potentially hitting 33,000 jobs, US media reported Wednesday. The debt-plagued retailer, which filed for bankruptcy protection in September, told employees that the retailer planned to file liquidation papers ahead of a Thursday court hearing, The Wall Street Journal and The Washington Post reported. “We’re putting a for sale sign on everything,” CEO David Brandon said on a […]
by John Biers Agence France-Presse NEW YORK, United States (AFP) — Panther claws, masks and action figures are leaping off store shelves after runaway hit “Black Panther” — the first film in the Marvel universe focused on a black superhero — shredded box office expectations with a massive opening weekend. Toys and accessories linked to the movie, which is also making waves for its strong black female leading roles, have the potential to become an […]
