HASBRO To Raise Toy Prices Effective September 1st 2008

HASBRO To Raise Toy Prices Effective September 1st 2008

Monday, July 21st, 2008 5:16pm CDT

Category: Company News
Posted by: First Gen   Views: 10,093

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Today, HASBRO, Inc. reported it’s 2nd Quarter Financials and announced that the company is doing well, given the current economic regression that is being suffered through the high costs of energy sources and food.

These high costs continue to be a strain on the financial outlook for HASBRO and they must raise prices on certain products in order to remain competitive and profitable. Prices in the mid-single-digit range for will increase, as stated by Chief Operating Officer and Chief Financial Officer David Hargreaves, via telephone conference earlier today.

What does that mean to us as Transformers fans? Well, we can expect marginal increases in the prices of such figures as the Robot Heroes line and Legends Class, just to name a couple. This increase will also affect such name brands as G.I. Joe, My Little Pony and Playskool.

To view the original report on this, click here.

Credit(s): DevastaTTor

This article was last modified on Monday, July 21st, 2008 5:17pm CDT

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