Toys 'R' Us bankruptcy hangs over toymakers as holidays approach
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New York
WHEN Toys "R" Us Inc filed for bankruptcy last month, it vowed to keep operating stores, boosting investor optimism that the impact on the biggest toymakers this holiday season would be limited.
But with Hasbro Inc's weaker-than-expected sales forecast and Mattel Inc's revenue trailing projections - and both companies citing Toys "R" Us as a key reason - the retailer's struggles are looming large with Christmas less than two months away.
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