How retailers could fare without a hot holiday toy this year [Business News Network (BNN) Energy & Resources (Canada)]
Mattel, Inc. (MAT)
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Source: Business News Network
How retailers could fare without a hot holiday toy this year Tickle Me Elmo. Hatchimals. Cabbage Patch Kids. These might ring a bell as some of the hot holiday toys in recent memory. But this year – with the toy industry already hurting from the U.S. closure of Toys ‘R’ Us – there doesn’t seem to be a must-have product flying off shelves. “I would say this season in particular we’re not seeing any one, home-run item where parents and gift-givers would have [their] nose pressed against our windows every day asking if we’ve gotten a shipment,” Melanie Teed-Murch, president of Toys ‘R’ Us Canada, told BNN Bloomberg in a telephone interview. But Teed-Murch said the retailer isn’t worried about not having a single sought-after toy, adding that it actually boosts business. “It doesn’t concern me at all,” Teed-Murch said. “As a specialist in the toy category, we’re in this business 365 days a year.” “So it’s a year when it actually plays to our benefit because we have such a breadth of selec
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News
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- Mattel, Inc. (NASDAQ: MAT) had its price target raised by analysts at Citigroup Inc. from $25.00 to $26.00. They now have a "buy" rating on the stock.MarketBeat
- Mattel, Inc. (NASDAQ: MAT) had its price target raised by analysts at Bank of America Co. from $25.00 to $26.00. They now have a "buy" rating on the stock.MarketBeat
- Why Mattel Stock Jumped This Morning [Yahoo! Finance]Yahoo! Finance
MAT
Earnings
- 4/23/24 - Beat
MAT
Sec Filings
- 4/23/24 - Form 8-K
- 4/18/24 - Form DEFR14A
- 4/17/24 - Form ARS
- MAT's page on the SEC website