Price rises on the way says Mattel boss

Mattel?s CEO says higher costs could force the firm to increase its prices.
Publish date:
Social count:

Bob Eckert is concerned about the rising commodity and labour costs in Asia.

He said: “The Chinese currency is appreciating, so I think it will be a challenging year for costs this year. As a result we will work very hard on reducing our controllable costs, not related to commodity costs, and we will have to raise our prices as well.”

But Eckert (pictured) is still “optimistic” about the year ahead, despite the economy slowing down, and he isn’t expecting a repeat of last year’s recalls.

“I am very optimistic about 2008 for Mattel and the toy industry on the whole. Firstly, I think last year's recall news is behind us and the industry in general… I just have a real sense of optimism about 2008.

“We are always mindful of what is going on in economies, but if you look at history, the toy industry has always held up very well in tough economic times and I think this will remain the case.”


Featured Jobs

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.


UK Sales Agents

Liberty House Toys have been appointed as the exclusive UK distributor for the BiOBUDDi brand, and we are pleased to introduce this new unique, innovative and exciting range of 100% environmentally-friendly toy building blocks. We are seeking experienced sales agents with existing network in the toy retail market.

Gameplan Job Logo 620 x 349

Head of Product Development & Marketing

Our client is a privately owned French toy and games manufacturer which sells through distributors in forty countries. The company develops and sells innovative electronic interactive toys and games for the educational and gaming markets, and also takes suitable licenses. To progress its successful business development a Head of Product Development & Marketing is to to recruited.

HIT Entertainment Job Logo 620 x 349

Licensing Systems Administrator

The Contract System Coordinator is a newly created role to support the deal term entry process into Mattel’s new Contract Management System for its Licensing business. The role will support the Business Teams at the Deal & Amendment phase of the contracting process and act in conjunction with the System Administration team.