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HIT acquisition, Barbie sales dip affect Mattel’s Q2
EL SEGUNDO, Calif. — Mattel reported net income of $73.3 million for the second quarter ended June 30, a 23% decrease from $96.2 million for the same period last year.
The dip in profits reflects, in part, investments the company has made, such as its acquisition of HIT Entertainment, as it positions itself for future growth, according to chairman and CEO Bryan G. Stockton.
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Dick's to open Field & Stream concept in August
Dick's Sporting Goods plans to open its first Field & Stream branded store this August in Cranberry Township, Pa., as part of the company's ongoing strategy to drive growth with speciality store concepts. The company also recently opened its first True Runner speciality store in its hometown of Pittsburgh.