Close Menu
  • Homepage
  • Local News
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
  • Business
  • Technology
  • Health
  • Lifestyle
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
Facebook X (Twitter) Instagram Pinterest
JHB NewsJHB News
  • Local
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
Let’s Fight Corruption
JHB NewsJHB News
Home»World»Barbie Doll Maker Mattel Plans To Raise Prices In U.S. To Offset Trump Tariff Costs
World

Barbie Doll Maker Mattel Plans To Raise Prices In U.S. To Offset Trump Tariff Costs

May 7, 2025No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

NEW YORK (AP) — Mattel Inc., the maker of Barbie dolls, Scorching Wheels automobiles and different well-liked toys, stated Monday that it must increase costs for some merchandise offered within the U.S. “the place vital” to offset greater prices associated to President Donald Trump’s tariffs.

The El Segundo, California-based firm stated the will increase are vital regardless that it’s dashing up its plans to diversify its manufacturing base away from China. Trump imposed a 145% tariff on most Chinese language-made merchandise.

Firm executives advised analysts on a convention name that China presently accounts for 40% of Mattel’s world manufacturing. The corporate plans to maneuver roughly 500 merchandise this yr from producers in China to sources in different nations, in comparison with 280 merchandise final yr.

For some extremely sought-after toys, Mattel stated it will enlist factories in multiple nation. To forestall potential shortages, the corporate stated it was specializing in getting merchandise to shops with out interruptions.

The corporate stated that even with worth will increase it expects 40% to 50% of its toys will price clients $20 or much less.

“The diversified and versatile provide chain in world industrial organizations are clear benefits to Mattel on this interval of uncertainty,” CEO and Chairman Ynon Kreiz advised analysts.

Citing the continuing uncertainty surrounding the president’s commerce insurance policies, nonetheless, Mattel withdrew its annual earnings forecast on Monday.

The corporate stated it will be “troublesome to foretell” shopper spending and the corporate’s U.S. gross sales for the rest of the yr with out extra info.

Mattel reported larger-than anticipated first-quarter gross sales but additionally a wider loss. Mattel stated gross sales rose 2% to $827 million for the quarter that ended March 31.

The corporate’s loss expanded to $40.3 million, or 12 cents per share, within the quarter. That compares with a lack of $28.3 million, or 8 cents per share, within the year-ago interval.

We Will not Again Down

Your Help Fuels Our Mission

Your Help Fuels Our Mission

Donald Trump has been in workplace for 100 days. Our newsroom has stood robust — fearless, unflinching, and relentless in pursuit of the reality. And we’re not stopping now. Would you assist our mission throughout this crucial time in our nation’s historical past?

We stay dedicated to offering you with the unflinching, fact-based journalism everybody deserves.

Thanks once more on your assist alongside the way in which. We’re really grateful for readers such as you! Your preliminary assist helped get us right here and bolstered our newsroom, which saved us robust throughout unsure instances. Now as we proceed, we’d like your assist greater than ever. We hope you’ll be part of us as soon as once more.

We stay dedicated to offering you with the unflinching, fact-based journalism everybody deserves.

Thanks once more on your assist alongside the way in which. We’re really grateful for readers such as you! Your preliminary assist helped get us right here and bolstered our newsroom, which saved us robust throughout unsure instances. Now as we proceed, we’d like your assist greater than ever. We hope you’ll be part of us as soon as once more.

Help JHB

Already contributed? Log in to cover these messages.

We Will not Again Down

Donald Trump has been in workplace for 100 days. Our newsroom has stood robust — fearless, unflinching, and relentless in pursuit of the reality. And we’re not stopping now. Would you assist our mission throughout this crucial time in our nation’s historical past?

Help JHB

Already contributed? Log in to cover these messages.

Analysts anticipated a lack of 10 cents on gross sales of $786.1 million for the primary quarter, based on FactSet.

Mattel’s shares had been down lower than 1% in after markets buying and selling.

Source link

Barbie costs doll maker Mattel offset plans prices raise tariff Trump U.S
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

U.S. Sen. Michael Bennet faces protesters against Israel’s war in Gaza

May 29, 2025

Parachutist Stunt Planned For Trump At Army’s 250th Parade On His Birthday

May 29, 2025

Elon Musk bids farewell to White House but says Doge will continue

May 29, 2025

Trump commutes federal life sentence of founding Gangster Disciples kingpin Larry Hoover

May 29, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Amarnath Yatra, first major pilgrimage in J-K after Pahalgam terror attack, to have security cover from 581 companies of paramilitary forces | India News

May 29, 2025

Healthy habits working women must adopt as they turn 35 | Health News

May 29, 2025

New York Knicks’ troubles worsen as Karl-Anthony Towns at risk of missing elimination Game 5 vs Indiana Pacers

May 29, 2025

U.S. Sen. Michael Bennet faces protesters against Israel’s war in Gaza

May 29, 2025
Popular Post

Market Volatility Ahead? Protect Your Wealth With 1 ETF, 1 Dividend King, and 1 ‘Magnificent Seven’ Stock

FBI Says Manhunt For Texas Gunman Who Killed 5 Neighbors ‘Running Into Dead Ends,’ More Than 200 People Now Searching

CVS Stock Higher On Q3 Earnings, Profit Outlook, Opioid Settlement

Subscribe to Updates

Get the latest news from JHB News about Bangalore, Worlds, Entertainment and more.

JHB News
Facebook X (Twitter) Instagram Pinterest
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
© 2025 Jhb.news - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.