‘Woke Barbie’ Torches Mattel Profits, Company Anticipates ‘Margin Deterioration’ During Disappointing Christmas HolidayPosted: December 13, 2017
Chloe Aiello reports: Mattel anticipates “gross margin deterioration,” during what is typically the biggest shopping season of the year.
Struggling to stay afloat, Mattel released updated full year and fourth quarter guidance, anticipating a disappointing holiday season. The toy maker predicts “gross margin deterioration,” during what is typically the biggest shopping season of the year.
“The unfavorable year-over-year gross margin experienced during the first nine months of 2017 is expected to continue throughout the fourth quarter of 2017, as a result of unfavorable product mix, higher freight and logistics expense, and lower fixed cost absorption,” the company said in a filing with the Securities and Exchange Commission. “In addition, continued negative trends in top line performance for the balance of the year could result in additional gross margin deterioration as a result of higher inventory write-downs and discounts offered to clear inventory.”
Mattel said it expects its fourth quarter operating income margin to be significantly lower year-over-year, and anticipates 2017 full-year gross sales will decline by the mid-to-high single digits compared to 2016.
The revised guidance hints at worsening conditions within Mattel, which has watched its margins suffer for years from cheaper imports, competition from big box retailers and the impact of technology on toys.
“Based on preliminary quarter-to-date data for the fourth quarter, Mattel currently anticipates its gross sales during the fourth quarter of 2017 will continue to be negatively impacted by key retail partners moving toward tighter inventory management and by challenges in the Toy Box and certain under performing brands,” Mattel said in the filing. Read the rest of this entry »
Barbie Fans Breathe Sigh of Relief
“Sadly, I’m no longer able to commit to Barbie due to scheduling conflicts,” the actress said in a statement to Variety. “The film has so much promise, and Sony and Mattel have been great partners. I’m bummed, but look forward to seeing Barbie on the big screen.”
The big screen adaptation of Mattel’s iconic toy line was expected to start production this summer on June 23, but Schumer’s busy schedule includes a lengthy promotional tour for her new Fox comedy “Snatched,” which opens in May, as well as an upcoming shoot for Rebecca Miller’s “She Came to Me” opposite Steve Carell.
Sony needed to stick to its June 29, 2018 release date since Mattel already has merchandise and product cycles in motion–shifting the production to accommodate Schumer would have put on a strain on other partners on the film, according to insiders. Read the rest of this entry »
Source: Archie McPhee
The Gilbert U-238 Atomic Energy Lab was a toy produced between 1950 and 1951. The toy allowed the user to conduct simple experiments with radioactive materials. Kit included;
- A Geiger counter
- An electroscope
- A Wilson cloud chamber
- A spinthariscope
- Four samples of uranium ore
- Pb-210 lead isotope
- various other accessories
After only a year of production, the toy was pulled from the market for obvious reasons.
Great website focusing on the design and history of pocket transistor radios manufactured between 1954 and 1965.
Source: ROCKET RADIO MG-306
2 Cigars (1 lit & 1 unlit)
4 Interchangeable Hands…(read more)
Source: Dangerous Minds
LEGO Enthusiast Builds Minifig Characters Based on All 3 Original Star Wars Films, Attack of the Clones, and The Force AwakensPosted: December 29, 2015
Source: Archie McPhee’s
You Be The Electronic Man – ‘The latest brainstorm of the Brain!’ Advertisement featured in the Dan DeCarlo comic, The Brain! #6, January 1958. (via Pappy’s Golden Age Comics Blogzine)
Billiken Godzilla, 1954 (Model Kit Box Art)
‘Special Edition for Summer Vacation’