Mattel CEO: ‘Consumers are buying toys’
Ynon Kreiz said that the toy industry is healthy and the company is continuing to see demand.
Related Articles
Consumer spending is healthy, but gas prices remain a risk
Higher-income shoppers have kept retail sales healthy, but the economic impact of the war in Iran presents an unknown, according to industry analysts.
Premium toys drive US toy market rebound
Shoppers have turned away from more affordable options in favor of toys at higher price points, according to Circana.
Mattel brings on vet from Netflix, Disney
Natalia Premovic was named chief consumer products and experiences officer as the toy company draws on its IP for new projects.
The Weekly Closeout: Burlington plots store openings, Mattel expands Brick Shop
The off-price retailer plans to open over 100 new locations this year, while the toy company debuted new brick sets featuring Lamborghini and Chevrolet.
Mattel shareholder pushes company to explore sale
The investment management firm laid out scenerios where the toy company could be acquired by private equity, Hasbro or a media business.