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by fullshark 920 days ago
Perhaps it's a case of improved forecasting/data methods. Hasbro knows already this holiday season will be disastrous for them apparently, and previously companies that needed the holiday season to make their numbers had to wait until after it ended to really make decisions.
2 comments

If enough of these companies start doing these “forecastings”, what are the odds that these forecasts end up causing the very event to happen.

Some stats in an index goes down, companies forecast annual sales downfall, starts cutting workforce in every industry, consumption tanks, makes the sales downfall a reality.

Also, really ? Being laid of at Christmas time ?, to save a few bucks, its not like hasbro’s going bankrupt or anything.

Humans do trade to improve each other’s quality of life, and not do things just for profit. It’s a means to an end, not the end. Too many companies are making their eyes into excel sheets, and ending up causing the very downfall by preparing for the downfall that they “anticipate”.

They have known for a couple of months Christmas toy orders from retailers are done months in advance.
They will have to take returns from retailers if things aren't selling. Retail orders are half the battle for a company like Hasbro - the products still need to sell.