Sorry Santa, Kids Don’t Want ‘Toys’ This Christmas
Filed under: Mattel, Apple, Retail, Shopping
Here’s a grim statistic: The nominal amount of money being spent on traditional toys and games in the country — per person — has fallen from $85 to $60 since 1998.
Thus reports Goldman Sachs analyst Michael Kelter who is downgrading shares of Hasbro (HAS) to a Sell rating and also lowering his profit estimates for industry leader Mattel (MAT).
The state of traditional playthings is grim. While a 30% plunge over such a long time may not have been as easily discernible on a year-by-year…
Sorry Santa, Kids Don’t Want ‘Toys’ This Christmas originally appeared on DailyFinance.com on 2012-10-17T16:20:00Z.
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