Wednesday, March 14, 2012

Hasbro to Layoff 170 Employees

By Chris Seekell

It has been recently announced that Star Wars licensee Hasbro will be laying off 170 employees after sluggish sales in certain toy lines over the holiday season. About 55 of these layoffs will be at Hasbro's headquarters in Rhode Island, USA. Even though certain lines are struggling, as a company Hasbro continues to grow, as its electronic gaming department meets more success. However the future of some its Star Wars products like its famous 3 3/4" action figure line becomes cloudy.

Prices of action figures continue to rise and now average $9.00 for Clone Wars figures and $10.00 for Vintage line figures in the United States. In 2012 Hasbro will produce an all time low amount of new Clone Wars action figures, which will be momentarily offset by an increase in merchandise tied to The Phantom Menace 3D release.