April 4, 2001 |
Mattel Inc., maker of quintessentially American toys such as Barbie, said Tuesday that it will close its last U.S manufacturing facility and shift those operations to Mexico as part of continuing cost-cutting efforts. Mattel's Murray, Ky., plant, which employs 980 manufacturing and distribution workers, will shut down in phases, starting in June and ending in late 2002, the company said. Mattel operates seven other distribution centers in the United States.
January 31, 2014 |
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.
April 12, 2013 |
Nestled on the windy plains at the foot of the San Bernardino Mountains, once austere stretches of agricultural land have morphed into the country's most desirable industrial real estate market, and it is growing faster than any other industrial region in the U.S. Among the many merchants running large-scale operations now are such household names as Amazon.com Inc., Kohl's Corp., Skechers USA Inc., Mattel Inc. and Stater Bros. Markets. They come for vast warehouses - some are bigger than 30 football fields under one roof - where they can store, process and ship merchandise such as clothes, books and toys to ever more online shoppers and handle the rising flood of goods passing through the ports of Los Angeles and Long Beach.
October 16, 1992
Mattel Inc. reported a 20% increase in third-quarter profit Thursday, an indication of the $8-billion toy industry's continued health. The El Segundo-based toy maker earned $70.1 million, or 71 cents a share, in the quarter ended Sept. 30. The company also reported a net sales increase of 14% over the 1991 period, with revenue of $606 million, up from $532 million.
April 12, 2006 |
Mattel Inc. has signed a deal with Universal Studios to market and distribute DVDs based on two of the toy maker's doll lines, Barbie and Polly Pocket, the companies said. Financial terms were not disclosed. The multiyear deal gives Universal worldwide distribution rights for the movies. The company's previous distribution deal with Mattel was limited to Barbie DVD releases outside the U.S. Film studio Lionsgate handled domestic releases.