Holiday Shopping Season, Job Cuts | featured news

Hasbro 4Q revenue misses, to cut jobs

Toy maker Hasbro says its fourth-quarter revenue failed to meet expectations because of weaker-than-expected demand over the holidays.

 

Best Buy sales disappoint; to close stores, cut jobs

Best Buy

Best Buy Co reported weaker-than-expected sales for the key holiday quarter, prompting the world's largest electronics chain to close 50 U.S. stores and cut 400 jobs in corporate and support areas.

 

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