Mattel profit slumps as Barbie's appeal fades

(Reuters) - Mattel Inc , the world's largest toymaker, reported a 23 percent fall in quarterly profit as its iconic Barbie brand struggled to attract buyers.

The company, also home to brands such as Hot Wheels and Fisher-Price, said second-quarter net income fell to $73.3 million, or 21 cents per share, from $96.2 million, or 28 cents per share, a year earlier.

Sales rose 1 percent to $1.17 billion.

(Reporting by Chris Peters in Bangalore; Editing by Saumyadeb Chakrabarty)

Source: http://news.yahoo.com/mattel-second-quarter-profit-falls-barbie-struggles-101126176.html

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