The HMD Barbie phone is a co-branded product with Mattel, the toymaking giant behind the franchise. HMD HMD, the company behind Nokia-branded phones, launched a Barbie-branded phone Wednesday that comes with calls, texts, and a classic “flip” design — but no internet or social media apps. The HMD Barbie Phone is a hot pink device … Read more
In a Tuesday interview with CNBC’s Jim Cramer, Mattel CEO Ynon Kreiz didn’t address a reported takeover offer, and instead said he’s positive about the Barbie maker’s success as its own company. “We don’t comment on speculation,” Kreiz said. “What I can say is that we’re very confident in Mattel’s strategy and our ability to … Read more
Nurphoto | Nurphoto | Getty Images Mattel aims to make 80% of its games colorblind accessible by the end of the year, before raising that amount to 90% in 2025, the company announced Tuesday. Mattel said the move is part of an inclusivity effort and will target some of its most popular products, including Uno, … Read more
BENTONVILLE, Ark. — When Gil Curren’s family moved into a run-down farmhouse in Walmart’s hometown of Bentonville, Arkansas, in 1971, the now-retail giant wasn’t yet a decade old. Sometimes, the nearby creek would flood, and cows would break loose onto the dirt road in front of his home. Now, when the 88-year-old retiree looks outside … Read more
A general view of an Old Navy store. Gap Inc. Gap’s largest banner Old Navy returned to growth for the first time in more than a year during its holiday quarter as the retailer delivered earnings on Thursday that came in well ahead of Wall Street’s expectations. Sales at Old Navy grew 6% to $2.29 … Read more
Margot Robbie is Barbie in Warner Bros.’ “Barbie.” Warner Bros. If there’s one thing Mattel CEO Ynon Kreiz wants shareholders to take away on Thursday, it’s the power of Barbie. As the toymaker faces activist pressure from Barington Capital, particularly around its strategy with the Fisher-Price and American Girl brands, it’s putting forth Barbie as … Read more
HMD, or Human Mobile Devices for short, is launching a Barbie-branded flip phone in July. HMD BARCELONA â Not yet tired of the Barbie movie? Soon, you’ll be able to get a flip phone from the blockbuster toy franchise. The company behind Nokia-branded smartphones, HMD, short for Human Mobile Devices, says it is launching a … Read more
Mathisworks | Digitalvision Vectors | Getty Images Corporate America has a message for Wall Street: It’s serious about cutting costs this year. From toy and cosmetics makers to office software sellers, executives across sectors have announced layoffs and other plans to slash expenses â even at some companies that are turning a profit. Barbie maker … Read more
The Mattel Inc. logo is displayed outside the headquarters of the toy company known for products including Barbie and Hot Wheels in El Segundo, California, on June 8, 2023. Patrick T. Fallon | AFP | Getty Images Activist investor Barington Capital is pushing Mattel to consider selling off its American Girl and Fisher-Price brands, citing … Read more
