RI-Based Hasbro Raising Prices Due To Shipping Costs

PAWTUCKET, R.I. (CBS) – Get ready to pay more at the store for Hasbro toys.

The Rhode Island-based toy company said it is raising prices to deal with increased shipping costs and other issues.

The company said they could lose $100 million this year because of a pause in toy shipments to Russia.

COVID surges that temporarily shut down factories will also contribute to the losses.