target’s earnings woes spilled over to shares of toy makers hasbro and mattel after the retailer said it saw a sharp slowdown in toy sales in october target corp tgt reported earlier fiscal thirdquarter earnings that missed expectations by a wide margin and guided for a surprise decline in samestore sales for the current quarter covering the holiday season that slowdown included the discretionary category of toys at a time when the holiday shopping season was getting under way “we saw a meaningful deceleration in toys this quarter most notably in october” said target’s chief growth officer christina hennington in the postearnings conference call with analysts according to a factset transcript “this is a trend we will continue to monitor closely as we move throughout the holiday season” hasbro inc’s has stock dropped 54 in afternoon trading wednesday putting it on track for the lowest close since march 2020 mattel inc’s mat stock shed 27 but was still above monday’s twoyear closing low of 1666 also read hasbro is making too many ‘magic the gathering’ cards analyst says in downgrading stock in comparison the spdr consumer discretionary select sector exchangetraded fund xly fell 14 in afternoon trading and the sp 500 index spx lost 07 last month hasbro reported thirdquarter profit that missed expectations while mattel fell short on sales and lowered its fullyear outlook with the toysales trends in mind target’s hennington said weeklong black friday deals will include prices of up to 50 off across the toys and games categories