Mattel issues stern warning about its toy prices
The toy company is weighing a major change to its prices.
Mattel, which owns toy manufacturers such as Barbie, Sizzling Wheels, Fisher-Designate, etc., not too prolonged within the past garnered worldwide attention after its viral “Barbie” movie broke box space of job data and grew to change into the best possible-grossing film in 2023, incomes over $1.4 billion worldwide.
The toymaker, alternatively, not too prolonged within the past faced a dinky dip in sales for its preferred product as the momentum over the film died down. In Mattel’s fourth-quarter earnings listing for 2024, it printed that its rep sales within the U.S. only increased 1% one year-over-one year at some stage within the holiday season.
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