Market recap: Mattel shares decline amid industry concerns

Mattel shares dropped 7 percent to $14.84 Friday after reports that Toys 'R' Us, which accounts for 8 percent of its sales, may liquidate operations. Mattel shares have declined 37 percent in the past year.

March 10, 2018 at 8:00PM
FILE ó A Blue Apron box at the companyís warehouse in Brooklyn, Jan. 12, 2013. The Trump administration compared its proposed ìHarvest Boxî for food stamp recipients to the selections sent out by Blue Apron. (Hiroko Masuike/The New Yor
Blue Apron shares dropped upon news Walmart is expanding its meal kit service into 2,000 stores. (The Minnesota Star Tribune)

Time out: Mattel shares dropped 7 percent to $14.84 Friday after reports that Toys 'R' Us, which accounts for 8 percent of its sales, may liquidate operations. Mattel shares have declined 37 percent in the past year.

Deal bounce: Dana Inc. shares rose 3.5 percent to $27.14 Friday after it announced a deal to buy a division of GKN PLC for $6.1 billion. GKN, which had been under pressure from an activist investor, saw its shares rise 3 percent to $6.01. Ohio-based Dana said the company will be based in the U.K after the deal is closes.

Spoilage: Grocery store Kroger's shares dropped 11.2 percent to $23.31 Thursday after it posted a bigger fourth-quarter profit and said its digital sales almost doubled in the past year, but forecast a profit for the current year that disappointed investors. Shares closed Friday at $24.08.

Kit fit: Blue Apron shares dropped 4 percent to $2.63 Monday after Walmart said it would expand its own meal kit service into 2,000 stores. Shares closed at $2.29.

Loss leader: Ascena Retail Group shares dropped 6 percent to $2.28 Tuesday after the parent of Ann Taylor reported a weak second quarter and forecast a loss in the next quarter. The stock closed Friday at $2.01.

Unprintable: Publisher Tronc's shares dropped 21 percent to $15.69 Thursday after its profit fell short of Wall Street forecasts. Shares closed Friday at $14.76.

Overbuilt: Homebuilder Hovnanian Enterprises shares dropped 7 percent to $2.12 Thursday after it reported a wider first-quarter loss. Shares closed Friday at $2.13.

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