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Stock impact report

Walmart, Mattel and other retailers to boost prices as trade war hits shoppers [Los Angeles Times (CA)]

Mattel, Inc. (MAT) 
Last mattel, inc. earnings: 2/13 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.shareholder.com/mattel
In an earnings call on Thursday, executives for the retail giant told industry analysts that an increase in prices would be unavoidable in the face of the highest import duties the U.S. has seen since the 1930s. Goods including vegetables and furniture will see a jump in price, executives said, a trend that will worsen in July when back-to-school shopping begins. Car seats made in China could increase in price by $100, the company said. “We're wired to keep prices low, but there's a limit to what we can bear, or any retailer for that matter,” Walmart Chief Financial Officer John David Rainey told the Associated Press Like other businesses, the company didn't give an outlook for its earnings, reflecting uncertainty in the economy. Walmart is just the latest retailer and major U.S. company to announce price increases related to the tariffs and trade war with China. Others include consumer products giant Procter & Gamble and Ford, which said it would raise prices on some of its Show less Read more
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