This company was going downhill at breakneck speed with no indication that things would improve. And then the pandemic happened and parents needed new ways to keep kids entertained at home and who benefited? We recovered through no fault of our own. Poor Toys R' Us, if they only managed to hold on for a little longer, they might have made it in the end.
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@6taz+18yjhyzX Please, explain exactly how an uptick in toy sales is a "side effect of hundreds of thousands of hospitalizations and deaths"? Are people buying toys as get well presents or in lieu of funeral flowers? What "correlation" are you suggesting?
Here's a hint, the toy industry has seen stronger sales this year because of kids being forced into lockdown, they can't go out, can't go to school, can't play with friends, so their parents went out and bought them a bunch of toys to give them something to do or cheer them up. Didn't put that together on your own genius?
Whatever happened with the SEC investigation for internal audit fraud?
RD may not know how to be a COO, but he sure knows how to be COOL
Amazing. RD manages to fail into success. Purposeful play, onward, cultural conversation - buzzword bingo. But outside of cool words, he really has now idea how to be a COO.
The truly sad thing is that Mattel will be celebrating its "success", knowing full-well that it is a side effect of hundreds of thousands of hospitalizations and deaths. The fact that no one at the top has pointed out this correlation and acts as if the two things aren't related is simply deplorable and, frankly, embarrassing. Anyone who watched the last employee Townhall knows what I mean. Congratulations were doled out like marked-down Barbies and then the "tragedy" of COVID was only discussed in the context of all the great, philanthropic work Mattel was doing to help those who couldn't afford to buy its toys. Opportunism doesn't equal success. Let's hear a motivational speech from RD that addresses how to reconcile our gains as a result of others' losses.
Agreed, thru dumb luck, Covid absolutely saved our bacon this year. But fear not, our clueless C-suiters & board of directors will take full credit for any demonstable improvement, thus "validating" their "strategies".
I'm failing to see the irony in your analysis.
Better than last year, but we're still in debt, and we still make cheap plastic c-ap from China. If anyone at Mattel is doing "better than last year" it's because they're on 15th floor, but like we've said before - Mattel learned we don't need all of you do stay in business.