Joe to My Little Pony, toy maker Hasbro says it's holding the first-ever convention to bring all of its brands together. The Pawtucket, Rhode Island- based company says its HASCON family and fan event will be held in Providence in September. Among those scheduled to participate are 94- year-old Spider-Man co-creator Stan Lee, YouTube stars Dude Perfect, actors...
Mark Schawbero, Brunswick CEO, discusses his outlook for the consumer through the lens of his businesses for boats, leisure and fitness equipment.
There’s no cheap date in Zurich and running costs an arm and a leg in Copenhagen. If that gets you down, move to Wellington.
*Q1 loss biggest since 2002, misses estimates. April 20- Mattel Inc reported a far bigger-than-expected quarterly loss and drop in sales on Thursday, hurt by poor demand by retailers for key brands Barbie and Fisher-Price and due to big discounts to move inventory left after weak holiday sales. Mattel's shares fell 6 percent to $23.70 after the bell.
"It's essentially isolated to North America and a few markets in Europe," she said, adding that the company had cleared most of the excess inventory. Mattel's sales dropped 15.4 percent to $735.6 million, their steepest fall since 2009 and well short of analysts' average estimate of $801.4 million, according to Thomson Reuters I/B/E/S. The company's net loss...
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.