Toys R Us Collapse Hurts Rhode Island-Based Hasbro

PAWTUCKET, RI — The collapse of Toys R Us has been anything but fun and games for Rhode Island-based toy manufacturer Hasbro. Hasbro, based in Pawtucket, said Monday it lost about $133 million in revenue in the first quarter of 2018. Toys R Us recently filed for bankruptcy has shuttered more than 100 stores nationwide, including one in Warwick.

"Our first quarter was expected to be difficult," Hasbro CEO Brian Goldner said in a statement. "We are working to put the near-term disruption from Toys“R”Us behind us."

Hasbro makes popular games and toys including Monopoly and Transformers. The company's shares dropped about 4 percent earlier Monday on the heels of the revenue announcement.

On the positive side, Hasbro reported growth in its Marvel, Beyblade, Dungeons & Dragons and Jenga products. The company this month also launched a nationwide toy recycling program.

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• Rhode Island Toys R Us Store Among 182 Closing Nationwide
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Photo credit: Ashley Ludwig/Patch