Richard Branson discusses his perspective on Brexit and his company's global expansion plans.
March 10- Mattel Inc is doubling down to corner a bigger share of China's fragmented yet lucrative toy market, but the success of its efforts hinges on its ability to navigate strict regulation and adapt to local preferences. While Mattel has garnered a nearly 2 percent share of the estimated $31.5 billion toys and games market in China, it has been unable to...
The Japanese may finally get to spend less time at work, but that doesn't mean they'll use it for shopping.
Jan 26- Shares of Mattel Inc plunged nearly 17 percent on Thursday, their worst intraday percentage drop in eight years, after the Barbie maker reported dismal quarterly sales and profit, highlighting a tough holiday quarter for toymakers. At least one brokerage downgraded its rating on Mattel's stock, while 5 other cut price targets. "We don't believe that this...
Jan 25- Mattel Inc, the largest U.S. toymaker, reported holiday-quarter sales and profit that fell far short of analysts' estimates, hurt by increased competition and weak demand in North America. Rival Hasbro Inc's stock fell 4.1 percent to $83.20. Sales in North America, the company's biggest market, fell 7 percent during the quarter, while sales overseas fell 2...
The company's shares were down about 9 percent at $28.67 in after-market trading on Wednesday. Rival Hasbro Inc's stock was down 4.1 percent at $83.20. Mattel's results contradicted an NPD Group report earlier in the day that said the toy industry expanded 5 percent in 2016 as customers took advantage of early Cyber Monday online promotions during...
The world's largest sporting goods maker will transition out of golf clubs, balls and bags to focus on expanding its footwear and apparel business.
Accor, Europe's largest hotel group, has bought the owner of the Fairmont, Raffles and Swissotel hotel chains for $2.9B, the Financial Times reports.
Sixteen strangers from around the globe are stringing tennis rackets in a crowded room at the Billie Jean King Tennis Center in Flushing, New York.
Nike has long dominated the tennis wars with many of the biggest stars in the game, but Under Armour is betting big on its newest star.
He spent a night in jail for damaging a drone he felt was "violating" beach goers.
Swimming pools have been part of California's lifestyle for decades. But things are getting tougher.
Tim Parker, chairman of Samsonite International, says the firm has seen five straight years of double-digit growth in sales and profit. He later outlines the growth areas that will help Samsonite double its sales by 2020.
Apple says its new watch is great for physical fitness. But 17-time Grand Slam Champion Roger Federer is not so easily sold.
Mattel said Chief Executive Bryan Stockton has resigned, and warned preliminary fourth-quarter results will fall short of expectations.
The iconic Lincoln Log toy has moved its manufacturing back to the U.S., without hurting its profit margins. Here's a look behind the scenes.
Rob Katz, Vail Resorts chairman & CEO, talks about this winter's upcoming ski trends and how his company is transforming the industry.
CNBC's Phil LeBeau reports on the red hot RV market. Dealers are seeing pent up demand driving sales.
Nintendo, the world's leading gaming company by machines sold, said it will post an operating loss for a second straight year as the sales of its Wii U, successor to the 100-million selling Wii, faltered.
Steinway Musical Instruments, the famous manufacturer of pianos, saxophones and trumpets, said on Wednesday it had decided not to sell itself following a 17-month-long exploration of strategic alternatives.