Why the cost of some of the world’s most beloved toys could increase.
Mattel To Hike Prices on Barbie!
Mattel has announced that it will have to raise prices on toys like Barbie and Hot Wheels to offset tariff costs.
The company also said its moving quickly to diversify its manufacturing away from China.
Mattel’s first quarter this year was higher than expected at $827 million but faced higher losses than last year at $40 million.