Barbie Loses Her Head (MAT)

[24/7 Wall St.]

24/7 Wall St. Daily News

http://www.247wallst.com/images/2009/02/02/old_car.jpg (http://247wallstreet.typepad.com/.shared/image.html?/photos/uncategorized/2009/02/02/old_car.jpg)Is the Barbie doll going the way of the Raphus cucullatus? Mattel MAT) posted awful sales for the last quarter.

The toy company said revenue fell 11% to $1.94 billion from $2.19 billion, based on a 6% in the U.S. and a 20% decline internationally. Mattel reported quarterly profit fell to $176.4 million, $.49, from $328.5 million in the same period a year ago.

It isn't good news when people can't afford cheap toys for their kids.

Douglas A. McIntyre

http://feeds.feedburner.com/~f/typepad/RyNm?i=UqjPNl.Q (http://feeds.feedburner.com/~f/typepad/RyNm?a=UqjPNl.Q) http://feeds.feedburner.com/~f/typepad/RyNm?i=nQFjFG.Q (http://feeds.feedburner.com/~f/typepad/RyNm?a=nQFjFG.Q) http://feeds.feedburner.com/~f/typepad/RyNm?i=BGgczR.q (http://feeds.feedburner.com/~f/typepad/RyNm?a=BGgczR.q)


complete story here... (http://www.247wallst.com/2009/02/barbie-loses-he.html)