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Mattel shares spike 15% after toy giant says it may raise Barbie prices because of China tariffsMattel shares surged more than 15% after the toy giant said it’s weighing price increases for Barbie and other iconic brands ...
Mattel says it plans to raise toy prices and move production to counter the tariffs on Chinese products implemented by President Donald Trump. The new 10% tariffs on China went into effect this week.
In recent years, Mattel has captured coveted contracts to produce toys for Disney Princess and Frozen, Pixar (Cars and Toy Story), Warner Bros. (Batman, Spiderman), and Microsoft (Minecraft ...
The U.S. represents about half of Mattel’s global toy sales, so “our tariff exposure in the U.S. related to China should be about 20% of global production,” DiSilvestro said. Mattel ...
Mattel, which owns toy brands such as Barbie, Hot Wheels, Fisher-Price, etc., recently garnered worldwide attention after its viral “Barbie” movie broke box office records and became the ...
President Trump's move to tack an additional 10% tariff on U.S. imports from China could lead Mattel to hike the price of its Barbie, Hot Wheels and other toys. Mattel Chief Financial Officer ...
Shares of Mattel Inc. jumped after hours on Tuesday after the toy maker forecast an adjusted per-share profit for this year that came in above analysts’ expectations, saying it had plans in ...
Irish toy company HoloToyz has announced a new partnership with Mattel that will see the inclusion of Barbie and Hot Wheels in its Augmented Reality (AR) play offering. HoloToyz brings characters ...
Currently, less than 40% of Mattel's global product is manufactured in China, compared to an industry average of about 80%. The toy industry has witnessed muted demand through 2024 as cash ...
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