ActionFigureNews.ca - Canadian Action Figure News and Discussion
Go Back   ActionFigureNews.ca - Canadian Action Figure News and Discussion

ActionFigureNews.ca - Canadian Action Figure News and Discussion

ActionFigureNews.ca - Canadian Action Figure News and Discussion (http://www.actionfigurenews.ca/boards/index.php)
-   International Action Figure News (http://www.actionfigurenews.ca/boards/forumdisplay.php?f=54)
-   -   After Low Q2 Sales, Mattel Cutting 2,200 Jobs (http://www.actionfigurenews.ca/boards/showthread.php?t=31363)

Super_Megatron 07-26-2018 07:44 AM

After Low Q2 Sales, Mattel Cutting 2,200 Jobs
 
http://news.toyark.com/wp-content/up...80-148x150.jpg

As expected, the loss of revenue from Toys R Us looks to be taking its toll on the toy world. Mattel has posted a 14% drop in sales for the Second Quarter of 2018, forcing the toy maker to further trim its workforce. They will be cutting over 2,200 non-manufacturing jobs as well as closing their manufacturing plants in Mexico. Overall, about 22% of Mattel’s work force will be eliminated. Last year they announced $650 million cost savings plan, which saw them close their New York City headquarters. While sales for brands like Barbie (up 12%), Hot Wheels (up 21%), » Continue Reading.

The post After Low Q2 Sales, Mattel Cutting 2,200 Jobs appeared first on The Toyark - News.



More...

Alexander Quinn 07-26-2018 03:01 PM

Re: After Low Q2 Sales, Mattel Cutting 2,200 Jobs
 
Sucks, but if they raised the bar on their products they might not be hurting so much. I’ve spent $600 this year on Marvel Legends. I’ve spent $15 on DC Multiverse. Id love to have more DC characters on my shelves, but the figures are so far below what I consider ‘quality’ now that I rarely ever feel tempted by them.

m.arndt 07-27-2018 05:54 PM

Re: After Low Q2 Sales, Mattel Cutting 2,200 Jobs
 
I know what you mean. For me, it’s also the quality of the sculpts. They’re just not the same. Every once in a while there’s a great looking figure but it’s a rarity IMO.
Are the 4H even working on any DC Multiverse figures any more?


All times are GMT -4. The time now is 10:10 AM.

Powered by vBulletin®
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.

» Action Figure Shopping








Powered by vBadvanced CMPS v3.2.3

All times are GMT -4. The time now is 10:10 AM.



Powered by vBulletin®
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.