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US: Toymaker Mattel's sales continue to fall as interest in Barbie diminishes

  • Diminishing interest in the Barbie doll has led to another drop in sales for US toymaker Mattel.

    While net sales were down by 2.5% in the first quarter of this year compared to a year ago, worldwide Barbie sales dropped 14%. This is the sixth straight quarter when sales have fallen.

    Mattel’s net loss has increased to $58.2 million.

    Christopher Sinclair, who recently took over as chief executive, said that the company was “making the changes necessary to perform better in the future.”

    Tagged as: Barbie doll, US toymaker, Mattel, net sales, Barbie sales, Christopher Sinclair, business news