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Barbie maker says higher prices are coming just in time for the holidays
Parija Kavilanz, CNN Business
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(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 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.
Tight supply means higher prices for toys in the coming holidays Share Updated: 5:13 PM PDT Jul 28, 2021 Parija Kavilanz, CNN Share Updated: 5:13 PM PDT Jul 28, 2021
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Show Transcript experts believe the U. S economy will rebound in 2021 but it will come at a cost a pricey one with the vaccine rollout and violence. 1.9 trillion stimulus package. Insider reports The economy is set for a stellar growth as the pandemic subsides, but Wall Street predicts everything will get more expensive. Inflation is predicted to spike in the short term. An economist that U. B s Global Wealth Management told insider If pent up demand emerges, prices could even rise above their pre pandemic levels. Prices of healthcare, gas and houses, for example, are expected to increase. But believe it or not, this is good news. Inflation like this is a sign of a return to normal and a healthy economic recovery, says insider Market Watch reports. A survey by the