October 22, 2018 / 1:58 PM / a month ago

Hasbro sees no impact from Sears bankruptcy

(Reuters) - Hasbro Inc (HAS.O) said on Monday the recent bankrupt retailer Sears Holding Corp SHLD.O will no impact on the toymaker as it accounted for less than 1 percent of the overall revenue last year.

Hasbro executives on an earnings call said the company recaptured a third of the U.S. Toys ‘R’ Us revenue going into the crucial holiday shopping season.

“We’re positioned for a successful holiday period and to move beyond Toys ‘R’ Us In 2019,” Chief Financial Officer Deborah Thomas said.

Reporting by Aishwarya Venugopal in Bengaluru; Editing by Arun Koyyur

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