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Samantha Lomow appointed as President of Hasbro Entertainment, Jonathan Berkowitz of Hasbro Brands

Transformers News: Samantha Lomow appointed as President of Hasbro Entertainment, Jonathan Berkowitz of Hasbro Brands
Date: Thursday, September 13th 2018 9:12am CDT
Categories: Press Releases, Company News
Posted by: Va'al | Credit(s): HAsbro

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We have news of a big shift and appointment over at Hasbro, as we see the promotion of Samantha Lomow to head of Hasbro Entertainment and John Berkowitz to Hasbro Brands, both still operating under John Frascotti, President and COO of the company. The full press release can be found here, and copied below, but what is worth noting is that Lomow has been working on Transformers since Armada and even had the Transformers Animated character Slo-Mo named after her- so we wish her all the best with her expanded duties and role!

Samantha Lomow promoted to President, Hasbro Entertainment Brands; Jonathan Berkowitz promoted to President, Hasbro Brands


PAWTUCKET, R.I.—Hasbro, Inc. (NASDAQ: HAS) today announced the promotion of Samantha Lomow to President, Hasbro Entertainment Brands, and Jonathan Berkowitz to President, Hasbro Brands. Both leaders will continue to report to John Frascotti, Hasbro President and Chief Operating Officer.

“Samantha and Jonathan are exceptional leaders, passionate about innovation and dedicated to our mission to create the world’s best play experiences,” said Frascotti. “We are confident that in their new roles, they will help us accelerate the momentum behind our business and brands.”

During her 18-year tenure at the company, Ms. Lomow has played a tremendous role in growing Hasbro brands and expanding them beyond the toy space. She has been instrumental in the TRANSFORMERS franchise since the first movie in 2007, and she helped bring MY LITTLE PONY to the big screen for the first time.

In her new role, she will be responsible for leading all of Hasbro’s current, new and vault entertainment-driven, story-led brands. This includes oversight for MY LITTLE PONY, TRANSFORMERS and POWER RANGERS, among others, and continuing to partner with Allspark on emerging entertainment brands. She will also continue to lead Hasbro’s strategic partner portfolio, including relationships with The Walt Disney Company, Universal, Nickelodeon, Sesame Workshop and Blizzard Entertainment.

In his 15 years at Hasbro, Mr. Berkowitz has led a number of brands across the portfolio, including NERF, which he led to its Franchise Brand status in 2011. Most recently, he has overseen the Hasbro Gaming portfolio, which has grown significantly under his leadership with new products and brands, as well as reimagined classics. He has also been instrumental in rolling out the Company’s Quick Strike approach, which has become an important differentiator for Hasbro in getting trends and new product ideas to market in record time.

In his new role, Mr. Berkowitz will oversee the Hasbro Gaming portfolio, including MONOPOLY, as well as NERF, PLAY-DOH, BABY ALIVE, FURREAL, and initiatives driven by the Quick Strike team, among others. He will also manage all new and vault brands not driven by entertainment.

About Hasbro

Hasbro (NASDAQ: HAS) is a global play and entertainment company committed to Creating the World's Best Play Experiences. From toys and games to television, movies, digital gaming and consumer products, Hasbro offers a variety of ways for audiences to experience its iconic brands, including NERF, MY LITTLE PONY, TRANSFORMERS, PLAY-DOH, MONOPOLY, BABY ALIVE and MAGIC: THE GATHERING, as well as premier partner brands. Through its entertainment labels, Allspark Pictures and Allspark Animation, the Company is building its brands globally through great storytelling and content on all screens. Hasbro is committed to making the world a better place for children and their families through corporate social responsibility and philanthropy. Hasbro ranked No. 5 on the 2018 100 Best Corporate Citizens list by CR Magazine and has been named one of the World’s Most Ethical Companies® by Ethisphere Institute for the past seven years. Learn more at www.hasbro.com, and follow us on Twitter (@Hasbro & @HasbroNews) and Instagram (@Hasbro).

© 2018 Hasbro, Inc. All Rights Reserved.

Ollie's Confirms Buying $200 M Dollars of Toys From Toys R Us Bankruptcy and Stocking Them Now

Transformers News: Ollie's Confirms Buying $200 M Dollars of Toys From Toys R Us Bankruptcy and Stocking Them Now
Date: Thursday, August 23rd 2018 11:15pm CDT
Categories: Toy News, Company News
Posted by: william-james88 | Credit(s): Ollie's

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We had previously posted a rumour that Ollie's Bargain Outlet had purchased a massive amount of toys from suppliers who had overstock due to the Toysrus Bankruptcy. Well, it is no longer a rumour. Ollie's just posted this message on their site.

With the recent bankruptcy of the world's biggest toy store, Ollie's stepped up and purchased almost $200 million dollars (at retail) of toys from suppliers who had excess inventory and is selling them at up to 75% off the fancy stores' price. This is by far our largest and best toy selection EVER. It is sooooooo big and our warehouses are sooooooo full that we had to start shipping new toys to the stores this summer. Our stores will have spectacular name brand toys from now right thru December 25th, and we have almost every famous toy brand that you can think of. Please shop early and often, as our selection will be changing weekly.


Is anyone excited? What would you be hoping to find? Let us know!

Transformers News: Ollie's Confirms Buying $200 M Dollars of Toys From Toys R Us Bankruptcy and Stocking Them Now

Agreement in Hasbro v Mattel case.

Transformers News: Agreement in Hasbro v Mattel case.
Date: Thursday, August 16th 2018 5:25pm CDT
Category: Company News
Posted by: ZeroWolf | Credit(s): Decepticon Stryker from Seibertron, Variety

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Views: 14,260

As first reported here over a year ago, and thanks to fellow Seibertron user Decepticon Stryker, we now have word that Hasbro and Mattel have come to an agreement and the case has been dismissed.

Transformers News: Agreement in Hasbro v Mattel case.

The specifics of the arrangement have not been made public but it looks like both companies may continue to use the name, but we'll have to wait and see what happens when (and if) the companies make a statement.

The Variety article offers a refresher at what caused Hasbro to bring this case to court in the first place.

Variety wrote:The DC Comics character actually predates the Hasbro character, having been introduced in the “Teen Titans” comic series in 1977. DC Comics and Warner Bros. revived the character in 2015, when they launched the DC Super Hero Girls franchise. At the time, Mattel began selling a Bumblebee action figure and a Lego set based on the character.

Hasbro introduced its Bumblebee in 1983, and obtained a trademark on the Bumblebee name in 2015.



Stay tuned to Seibertron for all the latest news and reviews.

EB Games / Gamestop Becoming a Prominant Retailer for Hasbro Exclusives in North America

Transformers News: EB Games / Gamestop Becoming a Prominant Retailer for Hasbro Exclusives in North America
Date: Wednesday, August 1st 2018 10:52am CDT
Categories: Toy News, Company News
Posted by: william-james88

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Gamestop and EB Games (its Canadian Subsidiary) have been growing their amount of shelf space reserved for action figures and other collectables in the recent years. So much so that this year, they are one of the retailers partnering with Hasbro for their 10th Anniversary Marvel Legends figures. Plus, their exclusive for this line in Canada is the biggest set of all: the Hulkbuster vs Hulk set. In the US, Gamestop's Hasbro exclusive for this line is the Ronan the Accuser figure.

In Canada, EB Games will be getting all the Walgreens exclusives, including the Marvel Legends Thing that was just released today. This is the case for all hasbro exclusives, including Transformers like the Clone set of last year and Power of the Primes Wreck-Gar who came out monday. This will be the same for any Walgreens exclusive going forward. This was confirmed with an EB Games manager yesterday.

While there are no Transformers exclusives at Gamestop in the US so far (since the US has Walgreens for those), the fact that Toysrus is no longer a place for Hasbro to send their exclusives in the US means they will be looking for other retailers. And with Gamestop growing in prominence for Hasbro exclusives, they may be the host of Transformers exclusives in the near future, just as their Canadian counterpart currently it.

Transformers News: EB Games / Gamestop Becoming a Prominant Retailer for Hasbro Exclusives in North America

Transformers News: EB Games / Gamestop Becoming a Prominant Retailer for Hasbro Exclusives in North America

Transformers News: EB Games / Gamestop Becoming a Prominant Retailer for Hasbro Exclusives in North America

IDW Publishing Media Holdings Ted Adams To Step Down, Kerry McCluggage to Replace

Transformers News: IDW Publishing Media Holdings Ted Adams To Step Down, Kerry McCluggage to Replace
Date: Friday, July 27th 2018 10:58am CDT
Categories: Press Releases, People News, Company News
Posted by: Va'al | Credit(s): IDW

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We have another piece of news from the fine folks over at IDW Publishing, with another role shuffle among its higher echelons, after Chris Ryall stepping away and John Barber becoming Editor in Chief - specifically, CEO Ted Adams is moving from the position of Media Holdings onto a brief sabbatical, and the position will be transferred to ex Paramount and Universal TV's Kerry McCluggage.

You can read the full press release below, and let us know what you think of this shift, and whether you believe it'll affect anything at IDW for the time being!

Former Chairman of Paramount Television Group and President of Universal Television Kerry McCluggage Named CEO of IDW Media Holdings
Founder and Former CEO Ted Adams to Return in New Creative Role
as IDW Media Holdings Expands Its Global Entertainment Business



STAMFORD, CT and SAN DIEGO, CA (July 25, 2018); Veteran television executive Kerry McCluggage, who was welcomed to the IDW Media Holdings, Inc. (OTCQX: IDWM) Board of Directors in September 2017, has been named as the company’s new Chief Executive Officer. The former Paramount TV Chairman and Universal TV President will replace current CEO and founder Ted Adams, who is taking a brief sabbatical and will return to IDW in a new creative role.

In making the announcement, IDW Media Holdings’ Chairman Howard Jonas, stated, “As Chairman of Paramount TV, Kerry grew that operation from $700 million to $3.2 billion in just over a decade, making it one of the world’s leading television production companies. His leadership abilities and keen understanding of the entertainment industry have also enabled him to achieve success with his own film and television production company Craftsman Films. Similarly, his contributions as a member of the IDW Board of Directors have provided him with beneficial insights necessary to continue IDW’s story of success as the company seeks to expand upon its business model.”

“IDW has demonstrated impressive achievements in each of its core divisions. It’s media unit, encompassing publishing and games as well as reimagining the entertainment production model, has achieved tremendous success and is poised for phenomenal growth. There is also a great team of passionate, talented professionals that I am eager to lead and learn from as we continue to build upon the incredible foundation created by Ted Adams and others over the past 20 years,” said McCluggage.

“I’m excited to see where Kerry takes the company I’ve been building for the last 20 years,” added Adams. “I’m looking forward to taking a brief sabbatical and returning to IDW in a new role, and have complete confidence that the company will continue to build upon its current trajectory in the very capable hands of Kerry McCluggage. I leave him with very dedicated and smart teams across all three of our divisions. I’m proud of the work we’ve been able to do together.”

As both an industry executive and independent producer for over 40 years, McCluggage has also been an investor in media companies, including Allumination FilmWorks LLC. and Content Media Corporation. Since 2002, he has served as President of Craftsman Films, an independent production company developing motion picture and television product. Additionally, McCluggage is a founding shareholder of Old West Investment Management.

Prior to forming Craftsman Films, McCluggage was Chairman of the Paramount Television Group, a position he held for 10 years with responsibility for all aspects of the company's television operations. During his time with Paramount, McCluggage shepherded many award winning and successful series, including the Emmy Award-winning “Frasier" and "Cheers," and the phenomenally successful STAR TREK franchise, as well as the venerable magazine series "Entertainment Tonight" and helped develop and launch the original plan for UPN (known as The United Paramount Network).

Before joining Paramount, McCluggage was with Universal, where he established the company as a significant supplier of series with such groundbreaking shows as "Quantum Leap," "Law & Order," "Northern Exposure," “Miami Vice” and "Coach." he joined as a programing assistant in 1978 and would have oversight of all development and production for such series as "Magnum, P.I.," "The Equalizer," "Murder She Wrote," "The A-Team," and ultimately rising to President of Universal Television.

Hasbro Second Quarter 2018 Report: Stock up 13%, Production Moving out of China

Transformers News: Hasbro Second Quarter 2018 Report: Stock up 13%, Production Moving out of China
Date: Tuesday, July 24th 2018 8:08am CDT
Categories: Press Releases, Company News
Posted by: Va'al | Credit(s): Hasbro

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In amidst of all the consumer news out this past weekend, there was also some big investor news from Hasbro out of their second quarter conference call, which dealt with the closing of Toys R Us among the usual factors (and the subsequent stock move up 13%), and the move of production definitely out of China. All of the information can be seen in the official press release below, but you can follow the links above for some additional thoughts on those two points in particular!

Second quarter 2018 revenues of $904.5 million;
U.S. and Canada segment revenues down 7%; International segment revenues down 11%; Entertainment and Licensing revenues up 26%;
Operating profit margin of 9.7%;
Reported net earnings of $60.3 million, or $0.48 per diluted share;
Strengthened brand portfolio with acquisition of POWER RANGERS;
Ended the quarter with $1.2 billion in cash and returned $152.8 million to shareholders; $78.7 million in dividends and $74.1 million in share repurchases.

PAWTUCKET, R.I.--(BUSINESS WIRE)--Jul. 23, 2018-- Hasbro, Inc. (NASDAQ: HAS) today reported financial results for the second quarter 2018. Net revenues for the second quarter 2018 decreased 7% to $904.5 million versus $972.5 million in 2017. The lower revenues reflect the liquidation of Toys“R”Us in the U.S. and many other global markets. In addition, revenues declined internationally, most notably in Europe, as a result of managing retail inventory amid a rapidly evolving retail landscape.

Net earnings for the second quarter 2018 were $60.3 million, or $0.48 per diluted share, compared to $67.7 million, or $0.53 per diluted share, for the second quarter of 2017.

“2018 is unfolding as expected as our teams manage the liquidation of Toys“R”Us in many markets and address the rapidly evolving European retail landscape,” said Brian Goldner, Hasbro’s chairman and chief executive officer. “We are investing in our business - in innovation, entertainment and a modern global commercial organization, to drive profitable growth in 2019 and beyond. Consumer takeaway is up for our brands, and we further strengthened our brand portfolio through the acquisition of POWER RANGERS. We are focused on moving beyond the near-term disruption of losing a major customer, with a clear path forward including new retailer activations to meet the consumer demand made available by the Toys“R”Us departure.”

“Our global teams executed well despite the disruption in the market,” said Deborah Thomas, Hasbro’s chief financial officer. “With $1.2 billion in cash, and a healthy balance sheet, our financial position is strong. Our diverse portfolio enabled us to partially offset the negative margin impact from lower revenues, but not entirely. We are working with our retailers to successfully execute their plans for Hasbro’s innovative portfolio this holiday season.”

Second Quarter 2018 Major Segment Performance

Net Revenues ($ Millions) Operating Profit ($ Millions)
Q2 2018 Q2 2017 % Change Q2 2018 Q2 2017 % Change
U.S. and Canada $459.3 $494.4 -7% $76.2 $81.6 -7%
International $380.4 $426.6 -11% $0.2 $16.9 -99%
Entertainment and Licensing $64.7 $51.5 +26% $18.6 $11.3 +64%


Second quarter 2018 U.S. and Canada segment net revenues decreased 7% to $459.3 million compared to $494.4 million in 2017. The segment reported an operating profit of $76.2 million, or 16.6% of net revenues, compared to an operating profit of $81.6 million, or 16.5% of net revenues, in 2017. The segment’s quarterly performance was negatively impacted by the loss of Toys“R”Us revenues and the near-term disruption of its stores’ liquidation in the marketplace. Favorable product mix helped offset the negative impact of lower revenues on operating profit margin.

Second quarter 2018 International segment net revenues were $380.4 million, down 11%, compared to $426.6 million in 2017. Revenues in the segment were negatively impacted by efforts to clear excess retail inventory in Europe, as well as the loss of Toys“R”Us revenues in many Europe and Asia Pacific markets. International segment revenues include a favorable $2.6 million impact of foreign exchange. On a regional basis, Europe net revenues decreased 16%, Latin America decreased 3% and Asia Pacific decreased 5%. Emerging markets net revenues decreased 9% in the quarter. The International segment reported an operating profit of $0.2 million compared to an operating profit of $16.9 million in 2017. The decline in operating profit reflects lower revenues combined with fixed cost deleveraging.

Entertainment and Licensing segment net revenues increased 26% to $64.7 million compared to $51.5 million in 2017. Operating profit increased 64% to $18.6 million, or 28.8% of net revenues, compared to $11.3 million, or 22.0% of net revenues, in 2017. The adoption of ASC 606 Revenue from Contracts with Customers favorably impacted the timing of revenue recognition in the quarter, in addition to the continued underlying success in our licensing and entertainment businesses.

Second Quarter 2018 Brand Portfolio Performance




Net Revenues ($ Millions)
Q2 2018 Q2 2017 % Change

Six Months
2018


Six Months
2017
% Change
Franchise Brands $506.5 $552.4 -8% $868.2 $1,001.6 -13%
Partner Brands $208.0 $230.0 -10% $408.6 $443.0 -8%
Hasbro Gaming* $134.3 $133.9 -- $239.5 $269.6 -11%
Emerging Brands $55.6 $56.2 -1% $104.5 $108.0 -3%

*Hasbro’s total gaming category, including all gaming revenue, most notably MAGIC: THE GATHERING and MONOPOLY, which are included in Franchise Brands in the table above, totaled $312.8 million for the second quarter 2018, up 14%, versus $273.3 million in the second quarter 2017.This category was down 2% to $516.3 million for the six months 2018 versus $526.6 million for the six months 2017.Hasbro believes its gaming portfolio is a competitive differentiator and views it in its entirety.

Second quarter 2018 revenues were negatively impacted by the liquidation of Toys“R”Us in the U.S. and many other global markets, including lower Toys“R”Us revenues and the near-term disruption of its stores’ liquidation in the marketplace, as well as managing retail inventory, primarily in Europe.

Second quarter 2018 Franchise Brand revenues decreased 8% to $506.5 million. Growth in MAGIC: THE GATHERING, MONOPOLY and BABY ALIVE were offset by declines in the other Franchise Brands in the quarter, including TRANSFORMERS which declined versus the movie launch in the second quarter 2017. Franchise Brand revenues grew in the Entertainment and Licensing segment and declined in the U.S. and Canada and International segments.

Partner Brand revenues declined 10% to $208.0 million. Revenue growth in BEYBLADE and MARVEL was more than offset by declines in other Partner Brands. Partner Brand revenues decreased in the U.S. and Canada and International segments.

Hasbro Gaming revenue increased slightly to $134.3 million. Revenue gains in DUNGEONS and DRAGONS, DUEL MASTER, JENGA and DON’T STEP IN IT were partially offset by declines in other properties. Hasbro Gaming revenues increased in the International segment and the Entertainment and Licensing segment; but declined in the U.S. and Canada segment. Hasbro’s total gaming category was up 14% to $312.8 million, including growth in MAGIC: THE GATHERING and MONOPOLY.

Emerging Brand revenue declined 1% to $55.6 million. The category benefited from several new initiatives, including LOST KITTIES and LOCK STARS. This was offset by declines in other Emerging Brands. Emerging Brands revenues grew in the International segment and declined in the U.S. and Canada segment and the Entertainment and Licensing segment.

Dividend and Share Repurchase

The Company paid $78.7 million in cash dividends to shareholders during the second quarter 2018. The next quarterly cash dividend payment of $0.63 per common share is scheduled for August 15, 2018 to shareholders of record at the close of business on August 1, 2018.

During the second quarter, Hasbro repurchased 820,343 shares of common stock at a total cost of $74.1 million and an average price of $90.33 per share. Through the first six months of 2018, the Company repurchased 1.2 million shares of common stock at a total cost of $112.9 million and an average price of $90.50. At quarter-end, $565.1 million remained available in the current share repurchase authorizations, including the additional $500 million authorized by the Board of Directors during the second quarter.

Conference Call Webcast

Hasbro will webcast its second quarter 2018 earnings conference call at 8:30 a.m. Eastern Time today. To listen to the live webcast and access the accompanying presentation slides, please go to http://investor.hasbro.com. The replay of the call will be available on Hasbro’s web site approximately 2 hours following completion of the call.

About Hasbro: Hasbro (NASDAQ: HAS) is a global play and entertainment company committed to Creating the World's Best Play Experiences. From toys and games to television, movies, digital gaming and consumer products, Hasbro offers a variety of ways for audiences to experience its iconic brands, including NERF, MY LITTLE PONY, TRANSFORMERS, PLAY-DOH, MONOPOLY, BABY ALIVE and MAGIC: THE GATHERING, as well as premier partner brands. Through its entertainment labels, Allspark Pictures and Allspark Animation, the Company is building its brands globally through great storytelling and content on all screens. Hasbro is committed to making the world a better place for children and their families through corporate social responsibility and philanthropy. Hasbro ranked No. 1 on the 2017 100 Best Corporate Citizens list by CR Magazine and has been named one of the World’s Most Ethical Companies® by Ethisphere Institute for the past seven years. Learn more at www.hasbro.com and follow us on Twitter (@Hasbro & @HasbroNews) and Instagram (@Hasbro).

© 2018 Hasbro, Inc. All Rights Reserved.

Certain statements in this release contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include expectations concerning the Company’s potential performance in the future and the Company’s ability to achieve its financial and business goals and may be identified by the use of forward-looking words or phrases. The Company's actual actions or results may differ materially from those expected or anticipated in the forward-looking statements due to both known and unknown risks and uncertainties. Specific factors that might cause such a difference include, but are not limited to: (i) the Company's ability to design, develop, produce, manufacture, source and ship products on a timely and cost-effective basis, as well as interest in and purchase of those products by retail customers and consumers in quantities and at prices that will be sufficient to recover the Company’s costs and earn a profit; (ii) downturns in economic conditions impacting one or more of the markets in which the Company sells products, such as the economic downturns which impacted the United Kingdom and Brazil in 2017, which can negatively impact the Company’s retail customers and consumers, and which can result in lower employment levels, lower consumer disposable income, lower retailer inventories and lower spending, including lower spending on purchases of the Company’s products; (iii) other factors which can lower discretionary consumer spending, such as higher costs for fuel and food, drops in the value of homes or other consumer assets, and high levels of consumer debt; (iv) consumer interest in entertainment properties, such as motion pictures, for which the Company is developing and marketing products, and the ability to drive sales of products associated with such entertainment properties; (v) potential difficulties or delays the Company may experience in implementing cost savings and efficiency enhancing initiatives; (vi) other economic and public health conditions or regulatory changes in the markets in which the Company and its customers and suppliers operate which could create delays or increase the Company’s costs, such as higher commodity prices, labor costs or transportation costs, or outbreaks of disease; (vii) currency fluctuations, including movements in foreign exchange rates, which can lower the Company’s net revenues and earnings, and significantly impact the Company’s costs; (viii) the concentration of the Company's customers, potentially increasing the negative impact to the Company of difficulties experienced by any of the Company’s customers or changes in their purchasing or selling patterns; (ix) consumer interest in and acceptance of the Discovery Family Channel, and programming created by Hasbro Studios, and other factors impacting the financial performance of the network and Hasbro Studios; (x) the inventory policies of the Company’s retail customers, including retailers’ potential decisions to lower their inventories, even if it results in lost sales, as well as the concentration of the Company's revenues in the second half and fourth quarter of the year, which coupled with reliance by retailers on quick response inventory management techniques increases the risk of underproduction of popular items, overproduction of less popular items and failure to achieve compressed shipping schedules; (xi) delays, increased costs or difficulties associated with any of our or our partners’ planned digital applications or media initiatives; (xii) work disruptions, which may impact the Company's ability to manufacture or deliver product in a timely and cost-effective manner; (xiii) the bankruptcy or other lack of success of one of the Company's significant retailers, such as the bankruptcy of Toys“R”Us in the United States and Canada in the fourth quarter of 2017 and the beginning of liquidation of those businesses, as well as economic difficulty of Toys“R”Us in other markets, which could negatively impact the Company's revenues or bad debt exposure; (xiv) the impact of competition on revenues, margins and other aspects of the Company's business, including the ability to offer Company products which consumers choose to buy instead of competitive products, the ability to secure, maintain and renew popular licenses and the ability to attract and retain talented employees; (xv) concentration of manufacturing for many of the Company’s products in the People’s Republic of China and the associated impact to the Company of social, economic or public health conditions and other factors affecting China, the movement of products into and out of China, the cost of producing products in China and exporting them to other countries, including without limitation, the potential application of tariffs to products the Company purchases from vendors in China, which would significantly increase the price of the Company’s products and harm sales; (xvi) the risk of product recalls or product liability suits and costs associated with product safety regulations; (xvii) the impact of other market conditions, third party actions or approvals and competition which could reduce demand for the Company’s products or delay or increase the cost of implementation of the Company's programs or alter the Company's actions and reduce actual results; (xviii) changes in tax laws or regulations, or the interpretation and application of such laws and regulations, such as what may occur as the U.S. Tax Cuts and Jobs Act is interpreted and applied, which may cause the Company to alter tax reserves or make other changes which significantly impact its reported financial results; (xix) the impact of litigation or arbitration decisions or settlement actions; and (xx) other risks and uncertainties as may be detailed from time to time in the Company's public announcements and Securities and Exchange Commission (“SEC”) filings. The Company undertakes no obligation to make any revisions to the forward-looking statements contained in this release or to update them to reflect events or circumstances occurring after the date of this release.

The financial tables accompanying this press release include non-GAAP financial measures as defined under SEC rules, specifically Adjusted net earnings and Adjusted earnings per diluted share, excluding the impact of charges associated with the Toys“R”Us liquidation; severance costs and U.S. tax reform in the first quarter of 2018, as well as Adjusted operating profit absent the impact of the charges associated with the Toys“R”Us liquidation and severance costs. Also included in the financial tables are the non-GAAP financial measures of EBITDA and Adjusted EBITDA. EBITDA represents net earnings attributable to Hasbro, Inc. excluding interest expense, income taxes, depreciation and amortization. Adjusted EBITDA also excludes the impact of charges associated with the Toys“R”Us liquidation and severance costs in the first quarter of 2018. As required by SEC rules, we have provided reconciliations on the attached schedules of these measures to the most directly comparable GAAP measure. Management believes that Adjusted net earnings, Adjusted earnings per diluted share and Adjusted operating profit absent the impact of charges associated with the Toys“R”Us liquidation and severance costs in the first quarter of 2018 provides investors with an understanding of the underlying performance of the Company’s business absent these unusual events. Management believes that EBITDA and Adjusted EBITDA are appropriate measures for evaluating the operating performance of the Company because they reflect the resources available for strategic opportunities including, among others, to invest in the business, strengthen the balance sheet and make strategic acquisitions. These non-GAAP measures should be considered in addition to, not as a substitute for, or superior to, net earnings or other measures of financial performance prepared in accordance with GAAP as more fully discussed in the Company's financial statements and filings with the SEC. As used herein, "GAAP" refers to accounting principles generally accepted in the United States of America.

HAS-E

Ollie's Rumoured to get Massive Transformers Overstock for 2018 Holiday Season

Transformers News: Ollie's Rumoured to get Massive Transformers Overstock for 2018 Holiday Season
Date: Monday, July 9th 2018 9:31am CDT
Categories: Toy News, Company News
Posted by: william-james88 | Credit(s): Mrjiggy

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Views: 19,909

Many had wondered what would happen to all the toys destined for Toysrus. Well, Mrjiggy sent us a message which could give us some answers. They told us that they spoke to the manager of an Ollie's Bargain Outlet store Buffalo, NY, and this manager spoke of an e-mail briefing from corporate speaking of Hasbro overstock.

While there is no way to verify this, the e-mail is said to indicate that Ollies had made a seven figure purchase directly from Hasbro for Transformers items that were originally intended for Toysrus. These toys would be coming from both factories in China, warehouses in the US.

This would be for the 2018 holliday season and the e-mail included a guide pertaining t arranging the store to accomodate the influx of product. These could include higher priced items as well (which we have already seen with Trypticon)

The following are Mrjiggy's thoughts on this:

Basically Hasbro had been counting on toys r us to stock these items and it was too far along in production to put the breaks on a lesser production amount, not even sure if they could if they wanted to since they outsource to factories and have contracts with them saying how much they produce etc. So take it for what its worth, he has been a pretty reliable source of info for me in the past and it makes sense. We have also been seeing almost the entire run of power of the primes trickle in at a heavy discount over the past few months and ollies had stocked high end comic con exclusives from Hasbro in the past.


Transformers News: Ollie's Rumoured to get Massive Transformers Overstock for 2018 Holliday Season

Toys R Us Australia Closing Down Sale Begins

Transformers News: Toys R Us Australia Closing Down Sale Begins
Date: Saturday, June 23rd 2018 8:56pm CDT
Categories: Toy News, Company News, Store News
Posted by: Qwan | Credit(s): Toys R Us

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Views: 13,204

So this is how it ends... not with a bang, but with a small discount. Toys R Us Australia, which you may remember announced its definite closure earlier this week, has begun promoting their 'Closing Down Sale', with discounts "up to 30%" storewide (in stores only, considering the online ordering system is already shut down at this point).

What does this mean for Transformers collectors? Well, yours truly checked a nearby store and it appears that action figures (including Transformers) are marked down by 10%. Keep in mind that this appears to be a fixed discount, not an escalating sale like US shoppers experienced; according to all available information, this is simply a flat 10% off Transformers toys presumably until all stock has been cleared out or the company closes.

If anything changes we'll be sure to let you know, but as it stands now this seems to be Toys R Us Australia's last hurrah. Despite the gloomy subject, however, we still want to hear what you have to say: does this sale entice you in any way? Let us know by posting in the Energon Pub Forums, and stay tuned to Seibertron.com for more optimistic news in the future!

Transformers News: Toys R Us Australia Closing Down Sale Begins

All Australian Toys R Us Stores To Close Soon

Transformers News: All Australian Toys R Us Stores To Close Soon
Date: Wednesday, June 20th 2018 4:24am CDT
Categories: Company News, Store News
Posted by: Qwan | Credit(s): SBS News

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Just when you though it was safe to go back in the toy store... Following on from last month's development where Toys R Us Australia entered administration and was looking for an urgent sale, it would appear that the company was unable to find any such thing and will soon be shutting down entirely.

According to SBS News, all potential buyers have pulled out and the failing company has no other choice at this point. Many of the previous statements applicable to consumers still stand, but now with an ending date. Items of note include:

    - Gift cards and vouchers continue to be accepted, as long as customers spend an additional equivalent amount (i.e. to redeem a $50 gift card, a customer would need to purchase $100 worth of product). This will be true up until July 5th.
    - Online orders will be delivered, provided the order has been fully paid for and the stock is available. The online ordering system will be closing June 22nd.
    - Lay-bys will be honoured until July 5th.
    - Workers are expected to "receive all their entitlements from the proceeds of the liquidation and asset sales".
Aside from the closure itself, the big (if expected) news for collectors is that the company's stock will be liquidated through Toys R Us stores. This, hopefully, means upcoming sales, which is perhaps the biggest silver lining to this stormcloud of a story.

Toys R Us Australia is expected to shut down entirely "in the coming weeks", but there's no word yet on when exactly that will be. Rest assured we'll let you know once that information is shared. For now check out our story on Toys R Us Canada's success if you want a more optimistic spin, and as always, share your feelings on this development in the Energon Pub forums. And of course, keep an eye on Seibertron.com for all future updates to this ongoing saga.

Transformers News: All Australian Toys R Us Stores To Close Soon

Toys R Us Canada is Here to Stay and Celebrating This With Special Events and Free Giftcards

Transformers News: Toys R Us Canada is Here to Stay and Celebrating This With Special Events and Free Giftcards
Date: Sunday, June 3rd 2018 1:22pm CDT
Categories: People News, Company News
Posted by: william-james88 | Credit(s): Toysrus Canada

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We knew that Fairfax Financial had won the bidding for Toysrus Canada and now all the documents have been signed and Toysrus Canada is now fully owned by Fairfax. The later being a Canadian company means that Toysrus Canada is now 100% Canadian with no ties to the US, which is quite a twist since it started as a subsidiary of what was once a prominent American business. Now, simply due to the fact that competition was limited in Canada for toys of any kind (with a tough barrier of entry for any potential competition due to Canada's ridiculously low population density), Toysrus Canada has always been profitable. But all along, its earnings were going to the US parent so there was no chance for reinvesting in the Canadian business. But that is over now, so we can simply imagine how this company which was already great will now have an influx of cash for reinvesting and improving.

Toysrus Canada aims to reinforce the fact that they are sticking around and to do so, they are offering events every week-end in June with free 5$ giftcards to anyone who shows up, along with free gifts like lego kits you can build in the store and take home with you. Plus, if kids bring in their report card on the last Saturday of June, they get a gift.

These are all shown in the image below and more details can be found here.

Transformers News: Toys R Us Canada Here to Stay and Celebrating This With Special Events and Free Giftcards

Along with that, we have a message from the Toysrus Canada president, Melanie Teed-Murch, about Toysrus Canada beig here to stay followed by a statement from Prem Watsa, CEO of Fairfax, which gives a quick look at the business figures that went into his company's decision to buy Toysrus. However, all this joy on the Canadian side is inverted when looking at the US where the Toysrus head office is also being cleared with everything on sale, including Geoffrey

Transformers News: Toys R Us Canada Here to Stay and Celebrating This With Special Events and Free Giftcards

Message from Toysrus Canada President:

TORONTO (June 1, 2018) – Toys "R" Us (Canada) Ltd. announces the completion of the previously announced acquisition of its business by Fairfax Financial Holdings Limited. As a result of the acquisition, Toys R Us Canada is now a proudly Canadian-owned and operated business employing more than 4,000 Canadians and Canada’s only exclusive coast to coast business with over 80 locations dedicated to kids and babies across Canada.

“As Canada’s leading toy and baby retailer, we are thrilled to be part of the Fairfax family and to now operate as a reinvigorated company that is 100% Canadian,” said Melanie Teed-Murch, President of Toys "R" Us and Babies "R" Us Canada. “I would like to extend a heartfelt thank you to our customers for their loyalty and for choosing to shop at Toys “R” Us and Babies “R” Us. We are passionate about our business and want Canadians to know that we are champions of play with the newest trends and hottest toys in our stores. We believe that parenting is an adventure and Babies “R” Us Canada will be there along the journey to help parents. We are also excited about our future and look forward to inviting customers back to see what’s new in store.”

This summer, Toys “R” Us will be moving full steam ahead in getting the message to Canadians that we’re here to play, here to stay! “We will be challenging kids, parents, grand-givers and kids at heart to embrace the power of play. At Toys “R” Us, we believe that moments of joy, endless possibilities of fun and the wonder of imagination all happen through play,” said Teed-Murch.

The company also remains committed to its philanthropic initiatives and its support of communities across Canada. Each year, the company raises nearly $2 million to support its partners through the generous support of its customers and team members. Beginning this month, Toys “R” Us will host 10 Starlight Dashes across Canada in which seriously ill children from the Starlight Children’s Foundation will have three minutes to race around the store and fill their carts with toys.

All customer programs like Baby Registry, “R”Club™ loyalty and wish list are running just as customers know and love. Gift cards purchased in Canada can be redeemed anytime online and in any store location across the country. In the coming months, the company will roll out exciting new innovations that have proven successful at recently opened stores in Langley, British Columbia and Barrie, Ontario. This format includes dedicated play areas, interactive stations for kids and mobile pay. The evolving omnichannel strategy connects customers wherever, whenever and however they want through our webstore, mobile and store shopping experience.

Visit www.toysrus.ca and www.babiesrus.ca for exciting announcements and new events happening throughout the summer.


Statement from Fairfax CEO:

“Toys “R” Us has a 34-year track record of standalone profitability in Canada (over the last three years, revenue has exceeded C$1 billion annually and, for the last nine years, EBITDA has exceeded C$100 million annually). With over two decades working in Canada for Toys “R” Us, Melanie has the experience necessary to lead the dedicated employees of Toys “R” Us for the benefit of all stakeholders, kids, families and communities across Canada,” said Prem Watsa, Chairman and CEO of Fairfax. “We look forward to building for the long-term and allowing the Toys “R” Us team in Canada to re-invest in the business, instead of the past history of just sending earnings to the U.S.”

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