Barbie maker says higher prices are coming just in time for the holidays
CNN
You can now add toys to the growing list of products that global supply chain woes have made more expensive to produce.
Toymaker Mattel (MAT) whose brands include Barbie, Hot Wheels, Fisher-Price and American Girl, said in an earnings conference call on Tuesday that it is raising prices in the second half of the year in the run-up to the holiday shopping season, which is the toy industry's most-important sales period of the year. Mattel CEO Ynon Kreiz said on the call that the company is "managing through global supply chain challenges" that include higher production and shipping costs, and is choosing to offset those by implementing higher prices for its toys in many of its key markets.
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