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Fortune
Fortune
Prarthana Prakash

The struggling toymaker behind Dungeons & Dragons and Play-Doh is banking on middle-aged shoppers as the 'heart and soul' of its business'

A picture of a kid playing with play-doh (Credit: Tiffany Hagler-Geard—Bloomberg/Getty Images)

Hasbro has over decades become synonymous with anything related to toys and games—whether that’s for families playing Monopoly or for toddlers obsessed with Play-Doh clay. There’s something for everyone, and that’s helped the company achieve its success over the years.

But now, as Hasbro faces a challenging time with consumers pulling back on spending, it is having to tweak its strategy to be the go-to games company. And Hasbro CEO Chris Cocks sees opportunities to do that in one key area: among loyal toy-collecting adults. 

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