Major toymakers are still reeling from the loss of Toys “R” Us, even as retailers from Best Buy Co. to Party City Holdco Inc. expand their kids offerings ahead of the holiday, Bloomberg News reported. Mattel Inc. and Hasbro Inc. both warned investors in earnings calls this week that there are still more quarters of pain ahead after losing one of its major customers, which filed for bankruptcy last September and liquidated earlier this year. Their stock prices fell. Hasbro Chief Executive Officer Brian Goldner spent much of his company’s conference call Monday trying to convince investors that the disruption from Toys “R” Us would be short term, lasting just a few more quarters. Read more.
One of the worst outcomes for a business owner is having a major customer file for bankruptcy and leave behind a large unpaid account receivable. ABI's Business Creditor’s Guide to Distressed Vendors, Debt Collection and Bankruptcy provides an insider’s look into the options available to help screen a business’s customers, plan for worst-case scenarios, and, if the situation does arrive, efficiently handle the fallout.
