Mattel Inc
‘You scarcely realized what we have been essentially selling’: Gap CEO Richard Dickson on the brand’s weighty price reduction system
Richard Dickson, CEO of Gap Inc. Courtesy: Hole Inc. New Gap CEO Richard Dickson has spoken about his expertise upon joining the battling company from toy business Mattel in August. “You barely knew what we had been essentially advertising,” he reported on Wednesday, describing how the firm’s 4 clothing models experienced leant seriously on promotions […]
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Gap shares soar on sales, earnings beat despite muted holiday forecast against uncertain backdrop
A Gap retail store sign on September 20, 2022 in Los Angeles, California. Allison Dinner | Getty Images Gap posted a better-than-expected third quarter on Thursday, but the apparel retailer still appears cautious ahead of the holiday season as it works to reverse slowdowns at Banana Republic and Athleta. The company, which also runs Old […]
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Mattel, hot off ‘Barbie’ success, hires ex-Fox, Sony exec to run TV studio
Mattel headquarters in El Segundo, California, US, on Friday, April 28, 2023. Bloomberg | Getty Images Mattel hopes a new hire will help it expand its content slate, following the blowout box office success of “Barbie.” The toy maker, home to Hot Wheels and American Girl, announced Thursday that it has hired former Fox and […]
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CNBC Each day Open: Is difficulties on the horizon?
Powerful shopper spending in spite of increased curiosity costs and stubbornly large inflation buoyed the U.S. financial state in the third quarter. But will it last? Resource
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Hasbro, Mattel shares plunge as toymakers forecast a lackluster holiday season
Game maker Hasbro Justin Sullivan | Getty Images Shares of Hasbro and Mattel sank on Thursday, as both toymakers suggested sales will slow in the fourth quarter. Hasbro’s stock dropped more than 10% on Thursday, and Mattel slid more than 7%. The companies face challenges entering the critical fourth quarter, they said as they separately […]
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CNBC Daily Open: Shiny Meta
NEW YORK, NEW YORK – JUNE 03: People walk by the New York Stock Exchange (NYSE) at the start of the trading day on June 03, 2022 in New York City. A new jobs report released by the Labor Department this morning shows employers added 390,000 jobs in May. Stocks pointed lower ahead of the […]
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Nasdaq 100 futures slide Wednesday evening following sharp selloff: Stay updates
Meta shares fall in after-hours investing, reversing earnings-fueled gains Shares of Meta dropped 3.1% in submit-market place investing following the Fb parent’s CFO Susan Li reported the organization is observing softer advert paying out coming into the fourth quarter. The stock experienced to begin with jumped more than 2% on Meta’s earnings report Wednesday, which […]
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Mattel says Barbie sales grew 16% as blockbuster movie became a phenomenon
Guests shop during a visit to the Malibu Barbie Cafe pop-up in New York City on May 17, 2023. Brendan McDermid | Reuters Call it a Barbie boost. Mattel on Wednesday said Barbie sales jumped 16% in the third quarter, riding the wave of the blockbuster movie. The “Barbie” film, released in July, is largely […]
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Shares making the most significant moves midday: Costco, Paramount, MillerKnoll, ChargePoint and more
Pavlo Gonchar | Lightrocket | Getty Photos Examine out the providers generating headlines in midday trading. Media stocks — A handful of media and studio shares rose Wednesday right after the practically 150-working day author strike ended. Shares of Warner Bros. Discovery and Paramount World wide jumped much more than 2.5%, although Comcast extra .9%. […]
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‘Barbie’ wins the summer box office, but fall looks gloomy — even with Taylor Swift
A scene from “Barbie.” Courtesy: Warner Bros. Hollywood bet big on blockbuster franchise sequels to revive its summer cinema business, but it was fresh fare like “Barbie” and “Oppenheimer” that fueled the industry’s haul of $4 billion, a 19% jump from last year. Starting the first Friday in May and running through Labor Day weekend, […]
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