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Mattel Shares Slide: CEO Resigns, Warns on Sales

2015-01-26 16:34:15| Toys - Topix.net

Mattel Inc, the maker of Barbie dolls and Fisher-Price preschool toys, removed chairman and chief executive Bryan Stockton and warned sales fell 6 percent in the holiday quarter. The company has been hit hard in recent years as its iconic Barbie doll has fallen out of favor with young girls, who are reaching for electronic toys such as tablets and watches and dolls based on Walt Disney Co's hit animated movie "Frozen."

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