Retail News

Toy importer sees rough times ahead

Reuters 05/26/2020

Basic Fun, a toy importer that sells to retailers, including Amazon.com, J.C. Penney, Target, TJX Cos. and Walmart, said about 30 percent of its customers are still closed. Jay Foreman, chief executive of Basic Fun, said that many customers are struggling now and some face a tough road ahead. “We are worried less about what they owe us today and more about what they won’t buy from us tomorrow,” he told Reuters.

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