These developments were counter to all historical trends, and could not have been foreseen. This situation is very painful and disappointing for us. Jill E. Barad More Jill E. Barad Quotes 0
As we disclosed in December, unexpected cutbacks by retailers and our further adjustment to a just-in-time shipping pattern negatively impacted our results. Jill E. Barad More Jill E. Barad Quotes 0
But there was good news coming out of last year. Retail sales of Mattel products at our top U.S accounts were up 12 percent, and yearend retail inventories were down 30 percent, positioning us well for 1999. Jill E. Barad More Jill E. Barad Quotes 0