Advertisement
YOU ARE HERE: LAT HomeCollectionsMattel
IN THE NEWS

Mattel

FEATURED ARTICLES
BUSINESS
October 17, 2012 | By Shan Li, Los Angeles Times
Toy maker Mattel Inc. reported a strong third quarter Tuesday, lifted by sales of American Girl dolls and Fisher-Price toys just ahead of the crucial holiday season. Analysts say the quarter gives the El Segundo company a boost for the coming months, when retailers typically rake in as much as 40% of their annual sales. For the quarter that ended Sept. 30, Mattel posted a profit of $365.9 million, or $1.04 a share, up nearly 22% from $300.8 million, or 86 cents a share, in the same period last year.
ARTICLES BY DATE
BUSINESS
February 28, 2014 | By Tiffany Hsu
Mattel Inc. dominates the market for dolls with its Barbie, Monster High and American Girl brands. But now it also wants to play with blocks. The El Segundo giant is paying $460 million to buy Canadian construction toy company Mega Brands Inc. as it pursues what it calls a “strategic imperative” to grow beyond the categories upon which it has relied for years. The acquisition essentially heralds a turf war between Mattel and Danish company Lego, which makes the popular plastic bricks currently being featured on-screen in box-office king “The Lego Movie.” Lego said Thursday that its global sales rose 10% last year even as the toy industry slipped slightly.
Advertisement
BUSINESS
February 1, 2013 | By W.J. Hennigan
Mattel Inc., the El Segundo toy maker, reported increased revenue in its fourth quarter, but profit fell 17% due to a litigation charge. On Friday, the Barbie and Hot Wheels maker reported net earnings of $306.5 million, or 87 cents a share, for the three-month period ending Dec. 31, 2012, compared with $370.6 million, or $1.07, in the same period the year before. During the quarter, Mattel had a charge of $137.8 million related to litigation in a trade dispute with Carter Bryant and MGA Entertainment Inc. over the Bratz doll line.
NEWS
February 13, 2014 | Michelle Maltais, This post has been corrected. See note below for details.
Barbie isn't sorry anymore. She's taken to the pages of Sports Illustrated's swimsuit edition to come out with a message for all the haters, in all of her plastic, unrealistically sculpted glory. With her hair and diminutive shoulders pulled back, she appears in a black-and-white one-piece declaring, "This is #unapologetic," in Mattel's latest effort to bring Barbie back into the cultural conversation -- on its terms. "She very much has a place in societal conversation as well -- we're always talking to multiple audiences," said Mattel spokeswoman Michelle Chidoni . Clearly, the campaign and the SI spread featuring 22 dolls aren't aimed at our children of doll-playing age. "This program is about underscoring who you are, being unapologetic about who you are and celebrating that alongside all these great women and legends who are more than just pretty faces," Chidoni said.
BUSINESS
November 16, 2012 | By Shan Li
Toy behemoth Mattel Inc. said that chairman Robert Eckert will retire at year's end and Chief Executive Bryan Stockton will take over the role on Jan. 1. Stockton took over the CEO job at the El Segundo toy maker in January when Eckert stepped aside after 11 years guiding the company. Quiz: The week in business Analysts speculated at the time that the move was part of an orderly transition eventually leading to Eckert's retirement. Even before taking over as chief executive, Stockton was in charge of the daily operations of Mattel as chief operating officer.
BUSINESS
February 1, 2012 | By Shan Li, Los Angeles Times
Toy maker Mattel Inc. reported positive fourth-quarter and full-year results Tuesday after healthy holiday sales of core brands and doll lines, including Hot Wheels, American Girl and Barbie. For the three months that ended Dec. 31, the El Segundo company reported a profit of $370.6 million, or $1.07 a share, a 14% jump from $325.2 million, or 89 cents a share, in the same quarter of 2010. Fourth-quarter sales totaled $2.15 billion, a 1% increase from the year-earlier period.
BUSINESS
January 3, 2012 | By Roger Vincent
An El Segundo office building occupied by Mattel Inc.'s Global Design Center was sold to New York investment firm Angelo, Gordon & Co. for $45 million. Angelo, Gordon bought the 192,053-square-foot building at 2031 E. Mariposa Ave. from Los Angeles real estate investment trust Kilroy Realty Corp., property brokerage Jones Lang LaSalle said. The site near Sepulveda Boulevard and the Century Freeway consists of nearly 10 acres on a flag-shaped lot. It was originally constructed in the 1950s as a distribution building and includes a sizable loading area and space for parking and trailer storage, the brokerage said.
BUSINESS
January 31, 2012 | By David Lazarus
Here's your tired-of-being-blond Tuesday roundup of consumer news from around the Web: -- There will always be Barbie. Strong holiday demand for everyone's favorite doll helped push Mattel's fourth-quarter profit up a better-than-expected 14%. But the company reported that its U.S. sales dipped and weakness continued at its Fisher-Price unit. The holiday quarter is crucial for toy makers, who can make up to half of their annual sales during the period. Mattel, which is the No. 1 U.S. toy maker, says its net income rose to $370.6 million for the period ended Dec. 31. That's up from $325.2 million a year ago. A 2% drop in U.S. sales was offset by stronger results overseas, where revenue rose 5%. (Associated Press)
BUSINESS
November 16, 1985
Glenn A. Hastings, former president of Mattel Inc. and most recently vice chairman of the toy maker's board of directors, died Thursday of cancer at Torrance Memorial Hospital. Hastings, 54, came to Mattel five years ago after serving as president of American Optical Corp., a subsidiary of Warner-Lambert Co. Survivors include his wife, Margery; two daughters, and a son, who ask contributions in Hastings' name to the Critical Care Unit at Torrance Memorial Hospital.
BUSINESS
February 28, 2014 | By Tiffany Hsu
Mattel Inc. dominates the market for dolls with its Barbie, Monster High and American Girl brands. But now it also wants to play with blocks. The El Segundo giant is paying $460 million to buy Canadian construction toy company Mega Brands Inc. as it pursues what it calls a “strategic imperative” to grow beyond the categories upon which it has relied for years. The acquisition essentially heralds a turf war between Mattel and Danish company Lego, which makes the popular plastic bricks currently being featured on-screen in box-office king “The Lego Movie.” Lego said Thursday that its global sales rose 10% last year even as the toy industry slipped slightly.
BUSINESS
January 31, 2014 | By Tiffany Hsu
Mattel Inc.'s earnings during the all-important holiday season left Wall Street cold, suggesting that kids weren't clamoring to be given toys. The El Segundo company's net income was up 23%, rising to $1.07 a share, or $369.2 million, from 87 cents a share, or $306.5 million, a year earlier - a period that had been dampened by a massive litigation charge. But the toy giant's performance disappointed analysts, who had expected profit of $1.19 a share. Revenue also fell short of projections, declining 6% to $2.11 billion and missing the $2.37-billion mark set by forecasters as well as Mattel's own expectations.
BUSINESS
January 13, 2014 | By Tiffany Hsu
The feud between fashion doll giants MGA Entertainment Inc. and Mattel Inc. got another infusion of legal juice on Monday, when Bratz maker MGA sued Mattel over allegations that the Barbie maker filched trade secrets at toy industry conventions. Van Nuys-based MGA accuses Mattel of sending corporate spies armed with fake business cards and a “how to steal” manual into private MGA showrooms from 1992 through at least 2009. There, the agents pilfered MGA price lists, advertising plans and covert product attributes, giving El Segundo-based Mattel “an unfair and illegal advantage in the market” and costing MGA “tens of millions of dollars in damages,” according to MGA's complaint.
BUSINESS
October 16, 2013 | By Tiffany Hsu
Mattel Inc., the nation's largest toy company, and Barbie, likely its best-known product, are heading into Christmas looking up. The El Segundo-based company reported net income of $422.8 million, or $1.21 a share, for the third quarter, which ended Sept. 30. That's a 16% increase from the year-earlier period, when profit was $365.9 million, or $1.04 a share. Mattel's revenue also surged 6% to $2.2 billion, from $2.1 billion. Both the sales and profit measures beat Wall Street expectations.
BUSINESS
September 15, 2013 | By Ronald D. White
For the last 18 years, Jakks Pacific Inc. has been a player in the ultra-competitive Southern California toy-making business, up against the likes of giant Mattel Inc. in El Segundo and others. But Jakks' roster of toys - including the Smurfs, Monsuno action figures and Winx Club fairy dolls - have not been pulling in the fun for investors. Sales have declined five straight years. In the most recent quarter, revenue fell 27% and the Malibu company lost $46.9 million compared with net income of $214,000 a year earlier.
NEWS
July 19, 2013 | By Carla Hall
Disturbing news this week for Barbie: Mattel reported that revenue from the doll fell 12% in the second quarter that ended June 30. That's Barbie's fourth straight quarterly sales slide. It's tough to be a middle-aged female entertainer, and Barbie, at 54, is no different. Over the years, she has tried to rebrand herself -- Dentist Barbie, Astronaut Barbie -- but she's still struggling to keep a strong fan base. Mutating into the meme of the moment doesn't seem to work for her. Becoming Hip Hop Barbie won't make her a cult figure again.
BUSINESS
July 17, 2013 | By Tiffany Hsu
Barbie seems to be losing ground as the queen bee of doll-dom, as sales of the Mattel Inc. figurine slipped for the fourth straight quarter. Revenue from the fashion toy sank 12% in the second quarter, which ended June 30, the El Segundo-based company said Wednesday. During the same period, other girl brands such as Monster High surged up 23%, the company said. Mattel's American Girl line got a 14% boost. The Fisher-Price product category took a 3% hit, while Hot Wheels tumbled 1%. Overall, sales at the nation's largest toymaker were up 1% to $1.17 billion, though revenue from North America softened 2%. The company is doing heady business abroad, where a growing middle class helped sales swell 4%. Emerging-growth markets such as China, Russia and India “continue to prove to be fertile ground,” with revenue surging by double digits, Chief Executive Bryan G. Stockton said in a conference call with analysts.
BUSINESS
February 22, 2008 | From Times Wire Services
Mattel Inc. won a U.S. appeals court ruling reinstating its infringement lawsuit against Jada Toys Inc., the maker of the Hot Rigz line of toy trucks. El Segundo-based Mattel alleged that Jada copied its Hot Wheels brand of toy vehicles and used a similar logo. The 9th U.S. Circuit Court of Appeals in San Francisco reversed an earlier dismissal of those claims, saying the potential for consumer confusion wasn't fully explored. Jada, based in the City of Industry, prevailed in 2005 when a federal judge ruled the competing toys' names and logos were not similar enough to prove infringement.
BUSINESS
May 23, 2013 | By Tiffany Hsu
The week before the Memorial Day holiday has been a busy one for retailers. Here's a sampling of happenings from Mattel, J.C. Penney and Abercrombie & Fitch. Mattel: As the El Segundo-based toymaker adapts to its newly created North America division, it is reassigning jobs and instituting layoffs at its New York City offices and its Fisher-Price campus in East Aurora, N.Y. About 100 employees will be affected by what Mattel called an “extremely difficult decision” made to help the company “better match resources with the needs of the business.” Some of the workers will be allowed to relocate to Mattel's Southern California headquarters, a move set to wrap up by mid-October, according to a statement issued to The Times on Thursday.
BUSINESS
July 5, 2013 | By Adolfo Flores
Rancho Cucamonga-based E.S. Kluft & Co. merged with a British company Wednesday with the goal of becoming one of the largest luxury bed manufacturers in the world. Vi-Spring, a wholly owned subsidiary of Flex Group of Spain, agreed to purchase 51% of E.S. Kluft & Co. as part of the deal. The company has operations in Europe, Asia and North America. Flex Group has operations in Southern Europe and Latin America. Earl Kluft, founder and chief executive of Kluft, will be the chief executive of the combined North American company.
Los Angeles Times Articles
|