You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

Market Movers

Weak holiday sales dent Hasbro’s earnings

Hasbro’s brands include Mr. Potato Head and Monopoly.

Hasbro’s brands include Mr. Potato Head and Monopoly.

Continue reading below

Toy maker Hasbro said fourth-quarter revenue failed to meet expectations because of weaker-than-expected demand over the holidays. It plans to cut about 10 percent of its workforce and consolidate facilities to reduce expenses. The Pawtucket, R.I.-based company has about 5,500 employees worldwide. A spokesman said the job cuts will all be this year and that no facility closures were planned in Rhode Island or Massachusetts in 2013. It reports full-year results on Feb. 7.

Loading comments...
Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of