Wall Street Hedge

Tuesday, January 19, 2021
Log in
  • Home
  • Nation & Politics
  • Financial News
  • Technology & Research
  • Lifestyle & Health
    • Latest News
      • Business
      • Nature
      • Science
      • World
      • VA Hospitals Are Still Under Investigation for Suspected Drug Thefts

Mattel’s Overall Sales Fall for Fourth Consecutive Quarter

By

The overall revenue of Mattel Incorporated (MAT.O) fell for its fourth consecutive quarter as overall demand for the company’s billion-dollar brands, Fisher-Price and Barbie, increasing the pressure the toy maker is currently facing specially as the holiday shopping season is just around the corner.

Mattel Incorporated’s overall shares decreased as much as 6% after it stated that worldwide Barbie sales dropped to almost 21% during the year’s third quarter that ended September 30, while overall sales of pre-school toys from Fisher-Price decreased 16%.

Mattel's Overall Sales Fall for Fourth Consecutive QuarterBarbie, since its debut in 1959, distinguished itself when it comes to the doll mass market with its fashion and model like figure. Unfortunately, the doll fell out of favor among young, fickle-minded girls, who are preferring more and more electronic toys like tablets and watches or dolls that are based on Walt Disney animated movie hits.

Bryan Stockton the Chief Executive of Mattel stated that it is clear that the company have a lot of work ahead, especially as the company enters the fourth quarter of the year.

Overall sales of the said dolls have been significantly falling for almost three years now and Mattel’s other products like American Girl and Monster High dolls have failed to compensate for Barbie’s already fading charm.

Barbie’s market share in 2009 were more than the quarter of the overall market share of dolls & accessories in the U.S. but fell to 19.6% in 2013.

To add to Mattel’s problems, the company is also going to lose an essential license of exclusivity to Walt Disney to its rival Hasbro Incorporated (HAS.O) in making Disney Princess dolls.

Sean McGowan, an analyst from Needham & Co said to Reuters that overall sales of Disney dolls are about 6 to 8% of Mattel’s overall sales. Sean added that this could pose a very big threat to the company’s term margins as it spends more for new doll advertising and launches and advertising.

Share this:

  • Tweet
  • Share on Tumblr

Filed Under: Financial News Tagged With: Mattel Incorporated

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 15 other subscribers

Recent Articles

AXA building in Wiesbaden, Germany.

Insurer AXA To Buy XL Group For $15 Billion

By Leave a Comment

New York Stock Exchange on Wall Street.

Wall Street Comes Out Intact As Global Stock Rise

By Leave a Comment

Ryanair profits are up despite threats of pilot strike.

Ryanair Profits Are Up But A New Pilot Strike May Be Around The Corner

By Leave a Comment

Bitcoin bubble may burst, analysts speculate.

Bitcoin Bubble Shows Signs Of Bursting

By Leave a Comment

One percent amassed 82 percent of the world's fortune last year.

82 Percent Of The World’s Wealth Went To The One Percent In 2017, According To Oxfam Report (Report)

By Leave a Comment

Morgan Stanley will be hit with a $1.25 billion charge as part of the new Republican tax cut.

Morgan Stanley To Be Hit With $1.25 Billion Charge From Republican Tax Reform

By Leave a Comment

General Electric Laboratory

High Demand For Renewable Forces General Electric To Slash 12 Thousand Jobs Worldwide

By Leave a Comment

Cryptocurrency bitcoin coins

Cryptocurrency Is Worth More Than JPMorgan, Bitcoin Raises Concerns

By Leave a Comment

Computer circuit board

Chipmaker Company, Marvell Technology, to Buy its Rival Cavium in $6 billion Deal

By Leave a Comment

Thanksgiving dinner

Thanksgiving Dinner Will Cost Less This Year as Food Gets Cheaper

By Leave a Comment

Doctors in surgery

Vermont Is Preparing New Health Care System

By Leave a Comment

Saudi Arabia’s capital city Riyadh

Saudi Arabia Has Just Bought Huge Stake in Uber

By Leave a Comment

No Agreement Yet on the Trans-Pacific Partnership

By Leave a Comment

Samsung Shareholders Approve Deal Which Sees Lee Family Gain More Control

By Leave a Comment

Related Articles

  • AXA building in Wiesbaden, Germany.

    Insurer AXA To Buy XL Group For $15 Billion

  • New York Stock Exchange on Wall Street.

    Wall Street Comes Out Intact As Global Stock Rise

  • Ryanair profits are up despite threats of pilot strike.

    Ryanair Profits Are Up But A New Pilot Strike May Be Around The Corner

  • Bitcoin bubble may burst, analysts speculate.

    Bitcoin Bubble Shows Signs Of Bursting

  • One percent amassed 82 percent of the world's fortune last year.

    82 Percent Of The World’s Wealth Went To The One Percent In 2017, According To Oxfam Report (Report)

  • Morgan Stanley will be hit with a $1.25 billion charge as part of the new Republican tax cut.

    Morgan Stanley To Be Hit With $1.25 Billion Charge From Republican Tax Reform

  • General Electric Laboratory

    High Demand For Renewable Forces General Electric To Slash 12 Thousand Jobs Worldwide

  • Cryptocurrency bitcoin coins

    Cryptocurrency Is Worth More Than JPMorgan, Bitcoin Raises Concerns

  • Computer circuit board

    Chipmaker Company, Marvell Technology, to Buy its Rival Cavium in $6 billion Deal

  • Thanksgiving dinner

    Thanksgiving Dinner Will Cost Less This Year as Food Gets Cheaper

Categories

  • Business
  • Entertainment
  • Financial News
  • Lifestyle & Health
  • Nation & Politics
  • National News
  • Nature
  • Science
  • Technology & Research
  • World

Copyright © 2021 WallStreetHedge.com

About · Privacy Policy · Terms of Use · Contact

This website uses cookies to ensure you get the best experience on our website. Learn more.