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Published: Friday, November 10, 2017 @ 5:46 PM
Updated: Friday, November 10, 2017 @ 5:46 PM
NEW YORK — Shares of Mattel soared in after-hours trading Friday after a report that rival Hasbro has made a takeover offer for Mattel. Such a deal could bring together well-known brands like Monopoly, Nerf, Barbie and Hot Wheels.
The Wall Street Journal, citing people familiar with the matter that it did not identify, said Hasbro approached Mattel recently about a deal. Hasbro said it does not comment on "rumors or speculation." Mattel did not immediately respond to a request for comment.
Toy companies, including Hasbro and Mattel, have had trouble selling their toys to today's kids, many of whom would rather play with a tablet.
Revenue at El Segundo, California-based Mattel has fallen every year since 2013, and its stock has lost nearly half its value since the beginning of the year.
Hasbro, based in Pawtucket, Rhode Island, has fared better after it took over the rights from Mattel for Disney's "Princess" and "Frozen" dolls in late 2014. Hasbro's stock is up 18 percent this year, and the company has a market value of $11 billion — more than twice as much as Mattel.
Both companies took a hit when Toys R Us filed for bankruptcy protection in September. Hasbro and Mattel said that they temporarily reduced shipments to the toy store operator ahead of the bankruptcy filing, but said they were working with the retailer to get their toys on its shelves during the holiday season.
Published: Thursday, March 22, 2018 @ 10:52 AM
AES Ohio Generation, formerly Dayton Power & Light, will lay off approximately 370 workers in Aberdeen and Manchester at two power plants.
The company is permanently closing two generation plant facilities located at 745 US 52 in Aberdeen and Killen Station located at 14869 US 52 in Manchester. This will also result in the closure of a training center located in Manchester, accoridng to a notice sent to state officials.
The company anticipates these facilities will close by June 1, but the expected layoff date could be earlier. About 260 of the 370 workers are part of Utility Workers Union of America Local 175.
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Published: Thursday, March 22, 2018 @ 8:04 AM
Kroger’s Fred Meyer stores will stop selling guns and ammunition altogether.
The Cincinnati-based company announced the move as a gun control debate heats up again after the Parkland, Florida high school mass shooting. Earlier this month, Fred Meyer said it would raise the age limit for guns and ammunition purchases from 18 to 21. Kroger also announced it would stop selling magazines that feature assault rifles.
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Kroger sold firearms at 43 Fred Meyer stores in Alaska, Idaho, Oregon and Washington.
Other retailers have also taken a stance on gun control. Dick’s Sporting Goods, which owns Field & Stream, announced it would no longer sell assault-style rifles, also referred to as modern sporting rifles. Company officials said they already removed them from all Dick’s stores after the Sandy Hook massacre, but they will now remove them from all 35 Field & Stream stores.
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Published: Thursday, March 22, 2018 @ 7:28 AM
— YWCA Dayton is kicking off its $17.1 million building renovation.
The local nonprofit, which operates the only domestic violence shelters in Montgomery and Preble counties, will celebrate its renovation project with a wall-breaking ceremony on Tuesday at 4 p.m. YWCA is located at 141 W. Third St. in Dayton.
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The renovation project, funded by $17 million in grants and donations, will feature 65 updated permanent supportive housing apartments along with a fully-renovated domestic violence shelter with 45 beds.
The first floor of the YWCA Dayton will be transformed into the KeyBank Economic Empowerment Center to provide services that help women and families at the YWCA. The services include job readiness training, financial literacy classes and educational courses.
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Published: Thursday, March 22, 2018 @ 7:02 AM
The immensely popular Fixer Upper show hosted by Chip and Joanna Gaines has inspired a vintage, industrial, handmade and repurposed decorating trend.
Owner Marcie Brow of Springboro picked up on this phenomenon and has begun Monarch Market & The Rusted Marquee. The business, located in downtown Springboro, is a division of Another Adventure LLC. She organizes pop-up sales at various locales. The first one was held at the Dayton Mall this past February 17-18.
“The Dayton Mall (location) was a success! We had happy shoppers,” said business partner/creative director Ashley Smith, also of Springboro. “Our goal is to bring together the best… local small business owners to showcase their boutiques and businesses.”
» RELATED: Toys ‘R’ Us to close all U.S. locations
The Spring Migration “Sip, Shop & Stroll” at the Warren County Fairgrounds this weekend will include live music by American Idol finalist Alexis Gomez. There will also be food trucks, and a beer/wine tasting by Hanover Winery.
More than 100 vendors will offer curated items like vintage/antique pieces, boutique fashion/accessories, repurposed/handcrafted, up-cycled and gourmet goods for sale. The first fifty shoppers to arrive on Friday and Saturday will receive a free ‘swag’ bag. Early arrivers will also get pre-sale perks like boutique gifts and coupons.
“Many items are handmade, one-of-a-kind, or even repurposed. These vendors put a lot of time and effort into their products, and the prices often reflect this,” said Smith.
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Brow’s entrepreneurship began in 2013 when she opened a small furniture and decor consignment boutique in Texas. Smith owned a children’s consignment shop in Arkansas.
“During my time as a shop owner, I participated in several local shopping markets and home shows where I sold my painted furniture, boutique items and vintage finds of my own,” said Brow. “Though these events were successful, they were nothing like the vision I have for Monarch Market.”
Brow indicated that her best friend Smith has an excellent eye for style, so Brow brought her on board as a creative director. As a military wife she moved often, so when they got orders to move to Ohio, she brainstormed the concept of a business that could move with her.
The concept works well, because many businesses are willing to showcase their goods, and Brow can run her events without any overhead. Future Monarch Market Affairs are scheduled for May 11 in Washington, May 18 at Tipton County Fairgrounds in Indiana, and October 13 in Elkhart, Indiana.
“Showcasing local businesses is a passion of ours; we both come from owning small boutiques in other states,” said Brow. “We know that local business if the heart of a community. We love that Monarch Market can give so many small businesses a chance to touch so many people in one weekend.”
How to Go:
What: Monarch Market
Sip, Shop, Stroll &
Royal Preview Party
Where: Warren County Fairgrounds
665 N. Broadway, Lebanon
When: Preview 5 to 9 p.m. Fri., Mar. 23
Mkt. Day 9 a.m. to 5 p.m. Sat., Mar. 24
Cost: $8 advance, $10 at door Friday
$5/all day Saturday
Free for 12 and under
More Info: 937-660-0072 or www.monarchmarketaffair.com
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