Mattel implements price increases starting in June
NEW YORK, April 21
NEW YORK, April 21 (Reuters) - Mattel Inc MAT.N said on Monday that it implemented mid-to-high single digit price increases through most of the world, to be effective starting in June.
The toy maker said gross margins declined during the first quarter due to product testing costs and legal expenses.
Mattel recalled millions of toys last year due to safety concerns. (Reporting by Justin Grant, editing by Gerald E. McCormick)
- Missing jet may have strayed to west, Malaysia military says |
- NYC buildings explosion kills two, more missing
- EU moves towards travel bans, asset freezes for Russians |
- Malaysia military source says missing jet veered to west |
- Exclusive: EU approves framework for asset freezes, travel bans on Russia