Monopoly Sales Are Soaring
FAMILIES ARE BORED, SO MONOPOLY SALES ARE SOARING
(CNN) – Homebound and bored because of the coronavirus pandemic; lots of families are turning to an oldie but a goodie for entertainment: They’re playing Monopoly.
Sales of the classic board-game are soaring, and toy company Hasbro is reaping the benefits.
Rhe company reported a 21% jump in gaming sales as the result of homebound people looking for ways to occupy their time.
According to Hasbro’s earnings release, branded star-wars and the Mandalorian toys also delivered strong revenue growth.
However, Hasbro’s overall revenue dropped 4% because of TV and film production delays.
Still, CEO Brian Goldner says the company is expecting a good holiday season.