Mattel on Thursday raised its 2021 sales forecast, saying it would overcome industry-wide shipping disruptions to ring in a strong holiday season steered by Barbie and Hot Wheels, sending its shares up 6 per cent in extended trading.
While demand for toys is at an all-time high, severe global supply chain bottlenecks have threatened to keep store shelves empty this holiday season, leaving retailers and suppliers scrambling for ways to speed up product shipments. Net sales rose 8 per cent to US$1.76 billion in the third quarter, as customers looking to keep their children entertained during the pandemic snapped up Hot Wheels cars and Barbie dolls.The Fisher Price baby toys maker also recorded a 50 per cent surge in sales of action figures based on characters from popular franchises such as"Masters of the Universe".
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Real estate agent charged with not reporting suspicious transaction for Upper Serangoon condo unitSINGAPORE — A 42-year-old real estate agent was charged on Wednesday (Oct 20) with failing to lodge a suspicious transaction report over the purchase of an S$886,000 condominium unit in Upper Serangoon five years ago.
Source: TODAYonline - 🏆 1. / 99 Read more »
Not everyone should drive a battery electric vehicle: Toyota executiveMany people are passionate about climate change, but not everybody should drive a battery electric vehicle as a means to combat climate change, Toyota Motor Corp Chief Scientist Gill Pratt said on Thursday at the Reuters Events Automotive Summit. Toyota believes in \u0022diversity of drivetrains\u0022 to give custom
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Putin will not attend COP 26 climate summit: KremlinMOSCOW: Russian President Vladimir Putin will not go to next month\u0027s landmark UN climate summit, the Kremlin said on Wednesday (Oct 20) as the UK stressed the importance of national leaders\u0027 presence. The COP26 conference in the Scottish city of Glasgow has been called humanity\u0027s \u0022last best chance\u0022 to get
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
‘This should not be rushed’: expansion of Hong Kong discrimination laws to cover mainland Chinese must be balanced, experts sayA proposed expansion of Hong Kong’s anti-discrimination laws to give mainland Chinese people protected status – recently revived after years of lobbying – must be narrow in scope, legal experts have warned, lest the changes chip away at freedom of expression. The government should also adhere to concrete principles laid down in past court cases in formulating any changes, they added, despite officials insisting such protections are desperately needed and in line with evolving international human
Source: YahooSG - 🏆 3. / 71 Read more »
Source: BusinessTimes - 🏆 15. / 51 Read more »