Mattel CEO optimistic about holiday shopping season

10/19/2009 | Wall Street Journal, The

Mattel Chairman and Chief Executive Robert A. Eckert is encouraged by what he says is positive momentum as retail stores gear up for the holiday shopping season. "There will be a Christmas and Mattel toys will be under the tree. And we'll likely sell more toys than anyone else," Eckert said last week in a conference call. Eckert noted that retailer inventories are down by roughly double-digit percentages from a year earlier -- a big improvement over higher inventories at the start of the year.

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