Toymakers Hit by Economy; Holidays Grim
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The two top U.S. toymakers posted  disappointing third-quarter results on Monday and softened  expectations for the crucial holiday season, citing a wobbly  economy and cautious retailers.
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Factory production shrank in December for the first time in nearly a year as tighter lending conditions and a slowing economy took their toll, according to a national survey published on Wednesday.
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WASHINGTON -- Consumers, battered by harsh economic crosswinds, spent less in December than at any time in the past 15 months.
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Weak manufacturing data heighten worries about the U.S. economy.
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A bizarre apology from the beleaguered toymaker makes it seem desperate heading into the holiday season.
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NEW YORK: Toys R Us, which is considering getting out of the toy business, yesterday posted a second-quarter operating loss on poor sales of video games and markdowns on older merchandise.
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As the holiday shopping season begins, the Consumer Product Safety Commission is out with its annual recall roundup that highlights some toys parents should avoid.
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Tiffanyâs weak holiday sales sent jitters through the luxury-goods industry, which had seemed invulnerable to the economic slowdown.
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Crumbling consumer confidence and slumping home sales could prove to be a bad combination for retailers, and for the broader economy going into the holiday shopping season, if the labor market contracts further and chokes off spending, economic data showed Tuesday.
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The weakest holiday shopping season in five years ended dismally for most retailers, stoking fears that the economy is tipping into a recession.
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Holiday shoppers were not spending as freely as expected, causing worry for many economists and investors.
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The holiday season may come with a little extra cheer for U.S. toy makers this year.
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This holiday, toys are popping up in the most unexpected places: gas stations, auto-parts chains, home and garden stores.
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Toys "R" Us is operating in a "very difficult" traditional toy environment amid weaker retail demand and the toy retailer's third-quarter results should concern toy stock investors, a BMO Capital Markets research note said on Thursday.
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Inventories at the nationâs wholesalers declined in December by the most since May 2003 as sales surged, suggesting a manufacturing rebound in coming months.
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Tiffanyâs holiday slowdown was unexpected and sent jitters through the luxury-goods industry, which had seemed invulnerable, even as the housing market began to sputter.
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Factory production shrank in December  for the first time in nearly a year as tighter lending  conditions and a slowing economy took their toll, according to  a national survey published on Wednesday.