Sunday, 24 March 2013

Despite Pawtucket-based Hasbro lay offs, Things are looking up




Part of restructuring plan announced in January

Updated: Wednesday, 06 Mar 2013, 6:58 PM EST
Published : Wednesday, 06 Mar 2013, 5:32 PM EST
 
PAWTUCKET, R.I. (WPRI) -- Pawtucket based Hasbro laid-off forty Rhode Island workers on Wednesday as part of a restructuring plan that was first announced in January.

The toymaker said it would cut 10 percent of its workforce worldwide following weaker-than-expected holiday sales.

Hasbro Spokesman Wayne Charness says that 123 Rhode Island workers were affected, and that the Rhode Island layoffs are virtually done.


In other news we hear about Hasbro picking up the most environmentally sound 2012 company award:

Hasbro Declared 2012′s Most Environmentally Improved Manufacturer [Infographic]
Many companies undertake great efforts to improve their green credentials (and, by extension, the public’s perception of them). It looks like consumer interest and demand for ‘Green’ products continues to rise year on year, and research indicating that they are willing to pay a premium for the service suggests that being the green authority in your field is a very lucrative position indeed.
According to this infographic it looks like HASBRO, along with a few other industry-leading corporations, have been pushing above and beyond. This infographic details achievements of many multi-billion dollar companies, and shows interesting stats on the emissions caused by manufacturing across the world, along with the seemingly recession-proof green demands of consumers.


Read more at http://www.business2community.com/infographics/hasbro-declared-2012s-most-environmentally-improved-manufacturer-infographic-0443240#7bBvjiZVO2KxP6Qi.99



LONDON, March 20, 2013 /PRNewswire via COMTEX/ -- Consumer spending in the U.S. has remained solid despite the expiration of payroll tax cuts at the start of this year. The main reason behind improved consumer confidence has been the recovery in the labor market. With the labor market expected to continue to recover, consumer spending is likely to remain robust. This should benefit toys & games makers such as Mattel Inc. /quotes/zigman/75129/quotes/nls/mat MAT +1.55% , Hasbro Inc. /quotes/zigman/2380080/quotes/nls/has HAS +2.21% , and LeapFrog Enterprises Inc. /quotes/zigman/308241/quotes/nls/lf LF +0.47% , as well as for personal and household products maker Blyth Inc. /quotes/zigman/332710/quotes/nls/bth BTH 0.00% . Consumer goods stocks ended on a mixed note in Tuesday's trading session as the broad market continued to struggle on renewed concerns over the Eurozone debt crisis. StockCall has released full comprehensive research on MAT, HAS, LF, and BTH and these free technical analyses can be downloaded by signing up at

http://www.stockcall.com/technicalanalysis

Shares of Hasbro Inc. struggled in yesterday's trading session. The stock fell to an intra-day low of $41.57 before finishing the day 0.92% lower at $41.83 on volume of 962,663. The stock has seen a pullback after failing to break through $42.50 resistance level. The stock's MACD has just crossed below the signal line, which suggests that market sentiment has turned bearish on Hasbro Inc. The stock currently has support at around $41.50. Hasbro's shares have had an excellent run so far this year, gaining more than 16%. The stock currently has a dividend yield of 3.83%. Register today and access the free research on HAS at

http://www.StockCall.com/HAS032013.pdf

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