Mattel Losing Money As Manufacturing Costs Rise

Mattel Losing Money As Manufacturing Costs Rise

Sales of Barbie fell 12 percent in the U.S. as the 49-year- old doll faced competition from Hannah Montana and Ganz’s Webkinz. Mattel, which recalled more than 21 million Chinese-made products in 2007, expects Chinese manufacturing costs to rise further. The yuan has climbed 10 percent against the dollar over the past 12 months, and inflation in China is near an 11-year high.

More Coverage Of The Fisher Price Recall

The clip has a sound bite from the CPSC, as well as your typical concerned Mom interviews and a round-up of recent Chinese Poison Train stories.