Monopoly token promotion fires up fans
Beleaguered Hasbro, whose shares have gained only 4% over the last year, could use some positive attention at a time of disappointing overall toy sales.
According to Hasbro, the company had an "amazing" response from its 10 million Facebook fans. People from more 185 countries participated in the campaign.
Interestingly, so did these corporations:
- PepsiCo (PEP). The beverage maker's Tropicana brand backed the wheelbarrow game piece as did wheelbarrow company Ames True Temper.
- Amazon's (AMZN) Zappos and The Jones Group's (JNY) Nine West brand campaigned for the shoe on their Facebook pages.
- General Motors' (GM) Chevrolet and Hyundai (HYMLF) supported the race car token through social media.
- Procter & Gamble's (PG) Duracell campaigned on its Facebook page for the toy robot, while Del Monte's 9 Lives cat food backed the cat.
- Purina Pro Plan supported the Scottie dog.
- Ring Pop candy backed the diamond ring.
- Jolly Time Pop Corn and Hormel Bacon created write-in campaigns to push for popcorn and bacon tokens for the game, according to Hasbro statement provided to MSN.
Hasbro is in Wall Street's doghouse after posting lackluster fourth-quarter earnings. The company, whose other brands include Nerf, plans to cut about 10% of its workforce to reduce costs.
Hasbro declined to provide details about sales of Monopoly, which is based on the streets of Atlantic City. Toys 'R' Us sells about 20 different types of Monopoly games, including special editions, according to a spokeswoman for the retailer.
--Jonathan Berr has never figured out how to live Park Place dreams with a Baltic Avenue bank account. He doesn't own shares of the listed stocks. Follow him on Twitter @jdberr
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[BRIEFING.COM] The major averages ended higher across the board as the S&P 500 advanced 0.8%.
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