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Mattel fires CEO (1/26/15)

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  • Mattel fires CEO (1/26/15)

    I saw a post about this on the PCD Facebook page last night but didn't get a chance to read it... Mattel fired their CEO yesterday, 1/26/15... or he submitted his "forced" resignation... there are several posts about it on the Web including this one:

    http://www.msn.com/en-ca/news/other/...wUt?srcref=rss

    Barbie sales have plunged... I know my granddaughters prefer Frozen dolls to Barbie dolls (and Cars)... I'm sure that Cars sales have fallen too - case assortments and distribution are the major cause of that.

    One of the stories mentioned that the toy industry in general as been declining as kids play more games on smart phones than toys... my oldest 2 grandsons are more into Minecraft and other video games than toys.

    What if anything will this mean for Cars, Barbie, Hot Wheels and other Mattel toys? We'll have to wait and find out.


    I am cac1959... I am a Cars-a-holic... and a proud supporter of Nathan's Playroom
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