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Several news organizations fell for an elaborate hoax on Tuesday that claimed that all Mattel toys, including the iconic Barbie doll, would be plastic free by 2030, starting with a new line of decomposable “EcoWarrior” dolls made with organic materials including mushrooms, algae and clay. The campaign, carried out by an activist group that calls itself the Barbie Liberation Organization, included a series of false news releases and advertisements purporting to be from the toy giant Mattel. The group said it wanted to capitalize on the hype that has surrounded the blockbuster “Barbie” film, released last month, and call attention to the use of plastic in toys. In one of the clips, the actor and environmental activist Daryl Hannah strolls along a picturesque beach, where she plucks a barnacle-encrusted doll from the sand.

Persons: Barbie, Daryl Hannah strolls Organizations: Mattel, Barbie Liberation Organization

The tweets from the official “Barbie” account responding to the unofficial memes were later deleted. While the “Barbenheimer” hashtag is not part of an official Warner Bros. marketing campaign, Warner Bros. Japan said it was “extremely regrettable” that the Barbie account had responded to the posts. “We take this situation very seriously and demand an appropriate response from the US headquarters,” Warner Bros. Japan said in a tweet Monday. The studio offers a sincere apology.”Warner Bros., like CNN, is a unit of Warner Bros. It’s a shame.”Another said they were “really disappointed” when they saw a post from the “Barbie” account, and would no longer buy a ticket.

Persons: Barbie ”, “ Oppenheimer, ”, Warner, Barbie, screengrabs, Margot Robbie, Cillian Murphy, Critics, “, “ Warner, –, Jeffrey J, Hall, “ Barbie ” Organizations: CNN, Warner Bros . Film, Warner Bros, Mattel, Twitter, US Air Force, “ Warner Brothers, Warner Bros ., Toho, Reuters Locations: Japan, Hiroshima, Nagasaki, Asia, Tokyo

☆ This underperforming retail stock could rally more than 25%, Barclays says
▼ + stars: | 2023-08-01 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Investors should get off the sidelines on Gap given the retailer's potential for business improvement, according to Barclays. Her $13 price target implies shares could rally 26.2% from Monday's close. Yih said the company could see margin upside with a shift to cleaner inventory levels and mitigated freight challenges. Despite the opportunity to recapture some of the margin, Yih noted the company can do more work to stabilize the business and make it more malleable to consumer demand signals. Between the new management and potential for margin capture, she said the company's valuation multiple could be raised.

Persons: Adrienne Yih, Yih, Richard Dickson, Chris Blakeslee, Alo Yoga, — CNBC's Michael Bloom Organizations: Barclays, Navy, Old Navy, Mattel Locations: Monday's, 2Q23, Banana

☆ Walmart is bringing ads to an aisle near you as retailers chase new money-makers
▼ + stars: | 2023-08-01 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

The discounter has nearly 4,700 stores across the U.S., with roughly 90% of Americans living within 10 miles of a Walmart store. In the U.S., about 139 million customers visit Walmart stores and its website or app each week. Walmart plans to sell the sampling stations to advertisers and bundle them with other ad formats that can run at the same time to make for a fuller campaign. In the most recent fiscal year, Walmart's global ads business grew nearly 30% and its U.S. ads business, Walmart Connect, rose about 40%. That's a sharper gain than the approximately 7% increase in Walmart's total revenue and Walmart U.S. net sales during the period.

Persons: Ryan Mayward, That's, Doug McMillon Organizations: Walmart, Shoppers, Kroger, Mattel, Walmart Connect, Fort, U.S, Walmart U.S Locations: U.S, Dallas, Fort Worth

☆ Mattel is hiring a 'Chief Uno Player' to test its new game for $17,000—here's how to apply
▼ + stars: | 2023-08-01 | by ( Nicolas Vega | ) www.cnbc.com time to read: 1 min

Fresh off of "Barbie's" massive success at the box office, Mattel is hoping to make waves once again by offering one lucky fan the opportunity to make thousands of dollars as its first-ever Chief UNO Player. The promotion comes as the toy maker is rolling out the latest iteration of its popular card game: UNO Quatro. The Chief UNO Player will be tasked with "challenging worthy competitors to a game of UNO Quatro and teaching the new rules to fans," Mattel's job listing reads. "We're constantly looking to create new ways for fans to engage with UNO," Mattel's global head of games Ray Adler said in a statement. "We're thrilled to offer a position to the ultimate UNO player to help introduce our brand-new game."

Persons: UNO Quatro, We're, Ray Adler Organizations: UNO, Mattel

☆ Barbie's founder jokes in the 'Barbie' movie about getting in trouble with the IRS. Here's what actually happened.
▼ + stars: | 2023-07-31 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

The fictional Ruth Handler jokes in Greta Gerwig's "Barbie" about getting in trouble with the IRS. The real-life Handler was indicted for conspiracy and making false financial statements to the SEC. "I am Mattel," Handler, played by Rhea Perlman says in the movie. Under the settlement, around $30 million was paid to shareholders and the Handlers surrended two million Mattel shares. Handler wrote that she was "convinced" that the US Attorney's Office went after her "so aggressively" because of her gender.

Persons: Ruth Handler, Greta Gerwig's, Handler, Rhea Perlman, Barbie, Elliot, Ruth Handler's, Seymour Rosenberg, Rosenberg, Robert Takasugi Organizations: IRS, SEC, Service, Mattel, New York Times, betweeen, Securities and Exchange Commission, Bank of America, Mattel VP, Los Angeles Times, US Attorney's Locations: Wall, Silicon

☆ 'Barbenheimer' is a billion-dollar win for the global box office
▼ + stars: | 2023-07-31 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

"Barbenheimer" remains red-hot at the box office. Domestically, "Barbenheimer" saw smaller-than-average second week ticket sales drops as millions of moviegoers headed to cinemas to catch the popular flicks. Second week numbers are often looked at by box office analysts as an indicator of whether a film will have longevity at the box office or will fizzle quickly. Similarly, the confluence of these two films boosted the overall domestic box office compared with last year's haul to this point. The overall domestic box office still lags behind prepandemic levels by around 16%, however.

Persons: Barbie, Oppenheimer, Paul Dergarabedian, Greta Gerwig, Dergarabedian, NBCUniversal Organizations: Warner Bros, Comscore, Mattel, Labor, Comcast, CNBC Locations: Somerdale , New Jersey, moviegoing, NBCUniversal

☆ 'Barbenheimer' box office sales keep rolling in second weekend
▼ + stars: | 2023-07-30 | by ( Nicholas P. Brown | ) www.reuters.com time to read: +2 min

July 30 (Reuters) - Warner Bros' (WBD.O) "Barbie" showed no signs of slowing down in its second weekend at the box office, and was set to haul in $93 million in ticket sales Friday through Sunday, according to estimates from media analytics firm Comscore. 1 movie, and the highest-grossing opening weekend for a film directed by a woman - has made more than $351 million in the U.S. and Canada since opening on July 21, and nearly $775 million globally, Comscore reported. The two films together have been dubbed "Barbenheimer," a nod to the relative rarity of two blockbusters opening the same weekend. Their combined sales are "absolutely mind blowing," Dergarabedian said, with second-weekend numbers that "would have been hailed as opening weekend wins." Universal's Oppenheimer has made $174 million in the U.S. and Canada so far, and $400 million worldwide.

Persons: Barbie, Greta Gerwig's, Margot Robbie, Ryan Gosling, Ken, Ynon, Oppenheimer, Christopher Nolan's, Robert Oppenheimer, Paul Dergarabedian, Dergarabedian, Universal's Oppenheimer, Robbie, Nicholas P, Brown, Peter Henderson, Aurora Ellis Organizations: Warner Bros, Mattel, Hollywood, Guild of America, SAG, Thomson Locations: U.S, Canada

☆ Opinion: The Donald Trump and Hunter Biden surprises
▼ + stars: | 2023-07-30 | by ( Richard Galant | ) edition.cnn.com time to read: +20 min

So it was remarkable Wednesday when the deal for Hunter Biden to plead guilty to two misdemeanors for his failure to pay taxes on time fell apart in a federal courtroom after the judge raised questions about it. Special counsel Jack Smith unexpectedly added a major allegation to the indictment charging former President Donald Trump with mishandling classified documents. The Trump and Hunter Biden developments underlined how America’s political climate is being shaped by what happens in the courts. This addition, an alleged surveillance tape conspiracy, almost reads like a spy novel.”“It features Trump employee and co-defendant Walt Nauta’s surprise clandestine trip to Florida. To W. James Antle III, it was the Hunter Biden plea deal snafu that brought to the forefront the “powerful split screen that drives” how Republican voters see the emerging 2024 presidential race.

Persons: Robert Burns, beasties, ”, Burns, aren’t, Hunter Biden, Jack Smith, Donald Trump, ” Smith, Trump, Dana Summers, Norman Eisen, Walt Nauta’s, Nauta, De Oliveira, De Oliveria, ’, ” Eisen, James Antle III, Hunter, Joe Biden’s, Maryellen Noreika, ” “ Noreika, couldn’t, Joe Biden, wasn’t, ” Bill Bramhall, Mitch McConnell, Sen, Dianne Feinstein, Julian Zelizer, “, ” “, Walt Handelsman, Elon Musk’s, Twitter “, Bill Carter, it’s, … Musk, —, Musk, ” Carter, Bill McGuire, ” McGuire, Mark Wolfe, Cassandra Lovejoy, Clay Jones, David Grusch, Jason Colavito, Colavito, Barbara Lee, Abigail E, Moore, ” Lee, Michael Bociurkiw, Odesa, Vladimir Putin’s, ” Bociurkiw, “ Handshakes, ” Netanyahu Israel’s, Benjamin Netanyahu, Frida Ghitis, Netanyahu, Drew Sheneman, Peniel, Joseph, Kamala Harris, Sophia A, Nicole Hemmer, Patrick T, Brown, David J, Skorton, Frank R, Lisa Benson, Barbie, Dean Obeidallah, ‘, GOP Sen, Ted Cruz, Mattel, Barbie —, Greta Gerwig’s, Margot Robbie, Ryan Gosling —, ” Obeidallah, Taylor Swift Taylor Swift, Swift, Barbra Streisand, Margaret H, Willison, O’Connor Sinéad O'Connor, Andrew Chin, Sinéad O’Connor, Sarah Gundle, Taylor, Sinead O’Connor’s, ” Don’t, Lawrence, Kara Alaimo, Jill Filipovic, Jeff Pearlman, He’s, Catherine Steenkeste, David A, Andelman, Mort Rosenblum, who’s, he’s, ” We’ll Organizations: CNN, Mar, Trump, Justice Department, Fox, Republicans, GOP, of Justice, New York Daily, Times, Twitter, SpaceX, World Meteorological Organization, University College London, Pentagon, “, Disney, Supreme, Agency, Education, African, Trinity, Warner Bros, Warner Bros ., Billboard, Machine, Vogue Theatre, International Herald Tribune Locations: Scottish, Florida, Bedminster, New, California, Rhodes, Corfu, Evia, Europe, United States, Odesa, Miami, York, Ukrainian, Kyiv, Israel’s, North America, Vancouver, Canada, White, Paris, Seine, gunpoint, ”

☆ Mattel's Barbie is a hit. Retailers and restaurants want in
▼ + stars: | 2023-07-29 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +8 min

Around that time, it started planning Barbie parties: Celebrations with themed cocktails, pink food and plenty of opportunities to show off Barbiecore outfits in the Instagram-friendly venue, including life-size hot pink Barbie and Ken boxes. By marketing Barbie products to adults, large retailers may be able to get them to buy similar products for kids. With Barbie products that appeal to grown-ups, marketers are “getting that interactivity between adults and children, that bonding,” which can also be used as a selling point. The clothing retailer offers a Barbie line that includes Gap and Barbie branded t-shirts, jackets and more, for both kids and adults. Nordhielm pointed to Cold Stone Creamery’s Barbie pink cotton candy ice cream as a standout.

Persons: Barbie ”, “ Barbie ”, Moshe Isaacian, Isaacian, Richard Drew, “, ”, Tim Calkins, Barbie, Ken, Leana Chavez, cabana, Lauren McCord, Christie Nordhielm, Richard Dickson, Richard B, Levine, Levine Roberts, “ Barbie, Oppenheimer, David Canales, David Reibstein, University of Pennsylvania’s Wharton, we’re, Mike Blake, ” Reibstein, “ it’s, Northwestern’s Calkins, Mattel, Chrissy Teigen Organizations: New, New York CNN, Twitter, Mattel, Warner Bros, CNN, Warner Bros ., Northwestern University’s Kellogg School of Management, Wunder, Georgetown University’s McDonough School of Business, Press, University of Pennsylvania’s, Reuters, Creamery Locations: New York, Wunder Garten, Washington , DC, Zara, Gran Via, Madrid, Malibu, Malibu , California

☆ The market for a particular vintage Barbie doll went haywire after Michael Cera's cameo in the 'Barbie' movie
▼ + stars: | 2023-07-28 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Auction prices for Mattel's discontinued Allan doll spiked after the release of the new "Barbie" movie. Michael Cera plays the role of Allan in the new box-office hit, which raked in $155 million its opening weekend. A preowned Allan doll sold for $410 on eBay on Tuesday, while the price for another Allan doll reached $605 on Friday in an ongoing auction. That's a dramatic increase from Allan doll prices last Thursday before the release of the "Barbie" movie, which ranged from $35-$76, according to screenshots published by TMZ. The surge in prices has been sparked by renewed interest in Mattel's iconic dolls after the debut of the new "Barbie" movie last Friday.

Persons: Allan, Michael Cera, Michael Cera's, Oppenheimer Organizations: Mattel's, Service, eBay, TMZ, Mattel, billings Locations: Wall, Silicon, BoxofficePro

☆ Mattel CEO Ynon Kreiz: We expect to see impacts from 'Barbie' movie in second half of 2023
▼ + stars: | 2023-07-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMattel CEO Ynon Kreiz: We expect to see impacts from 'Barbie' movie in second half of 2023Mattel CEO Ynon Kreiz joins 'Squawk Box' to discuss the company's quarterly earnings results, the financial impact from the 'Barbie' movie, rest of the year outlook, and more.

Persons: Ynon, Barbie, Ynon Kreiz Organizations: Mattel

☆ Here are Thursday's biggest analyst calls: Apple, Rivian, Roku, Meta, Coinbase, Carvana, Boeing and more
▼ + stars: | 2023-07-27 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Bank of America reiterates Roku as buy Bank of America said it's bullish heading into Roku earnings Thursday. Bank of America reiterates Mattel as buy Bank of America said it's standing by shares of Mattel after its earnings report, adding that "Barbie" should help drive toy sales. Bank of America upgrades Boeing to buy from neutral Bank of America said the worst for Boeing is behind it. Bank of America downgrades RTX to neutral from buy Bank of America downgraded the company formerly known as Raytheon and said it's concerned about slowing margins. Bank of America downgrades SunPower to underperform from neutral The firm said in its downgrade of the stock that it sees multiple headwinds.

Persons: Roku, it's, Needham, Rivian, Bernstein, KeyBanc, Morgan Stanley downgrades Carvana, Morgan Stanley, Jefferies, Estée Lauder, billings, Wells, Wells Fargo Organizations: . Bank of America, Bank of America, Apple, RBC, Owens, Mattel, Boeing, of America, downgrades, Pacific, Barclays, Raytheon, Labs Locations: China, Pacific

☆ Stocks making the biggest moves premarket: Southwest Airlines, Meta Platforms, Align Technology, eBay and more
▼ + stars: | 2023-07-27 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

Chipotle reported $2.51 billion in revenue, while analysts polled by Refinitiv had expected revenue of $2.53 billion. Meta Platforms — The Facebook parent jumped nearly 9% after reporting earnings and revenue for the second quarter that topped analysts' estimates. Same-store sales grew 11.7% in the second quarter. Sunnova Energy — Shares of the solar company slid more than 7% following weaker-than-expected financial results in the second quarter. Sunnova posted a wider-than-expected loss of 74 cents per share, while analysts expected a loss of 42 cents per share, according to FactSet.

Persons: Chipotle, Refinitiv, Edwards Lifesciences, Meta, Lam, McDonald's, Richard Dickson, Sunnova, —, Jesse Pound, Alex Harring, Yun Li Organizations: Southwest Airlines —, eBay, FactSet, Technology, Revenue, Facebook, Lam, Honeywell —, Honeywell, Mattel, Comcast —, NBC, Management, Energy, Comcast, CNBC Locations: Refinitiv, China, FactSet

☆ Everyone's talking about the 'Barbie' movie – but the doll's sales are actually falling
▼ + stars: | 2023-07-27 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Sales of Barbie dolls and related merchandise fell in the first half of 2023, Mattel execs say. This is despite the doll being catapulted back into the spotlight in Greta Gerwig's "Barbie" movie. But execs say July sales so far are higher than last year and the impact of the movie will last for years. Gross billings represent amounts invoiced to customers and don't include the impact of sales adjustments, such as trade discounts. Mattel said that despite gross billings for Barbie falling, sales for its Disney Princess, Disney Frozen, and Monster High franchises helped boost its dolls category overall.

Persons: Barbie, Greta Gerwig's, Gross, Mattel, billings, Anthony DiSilvestro, DiSilvestro, Mattel execs, Ynon Kreiz, Richard Dickson, we've Organizations: Mattel, Service, Disney Locations: Wall, Silicon, billings

☆ Mattel bets on Barbie revival, posts surprise quarterly profit
▼ + stars: | 2023-07-26 | by ( Savyata Mishra | ) www.reuters.com time to read: +2 min

The California-based company also posted a surprise profit in the second quarter and its sales exceeded market expectations. The "Barbie" movie made a record-breaking debut in cinemas over the weekend, with $162 million in ticket sales in the United States and Canada. Mattel is slated to release a Disney Princess film later this year and another one in early 2024, with a Hot Wheels movie set for 2025. Kreiz said the "Barbie" movie's success will "serve as a template" for collaborations on other Mattel-owned intellectual property. Mattel maintained its full-year sales forecast, which it expects to be flat from last year, and adjusted profit per share between $1.10 and $1.20 per share.

Persons: America Ferrera, Margot Robbie, Maja Smiejkowska, Ynon Kreiz, Kreiz, Richard Dickson, Savyata Mishra, Pooja Desai Organizations: America, REUTERS, Mattel, Reuters, Disney, Thomson Locations: London, Britain, California, United States, Canada, billings, Bengaluru

☆ Gap names Mattel executive as CEO - WSJ
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: 1 min

July 26 (Reuters) - Gap (GPS.N) has appointed Mattel (MAT.O) executive Richard Dickson as its new chief executive officer, the retail groups's chairman and interim CEO told the Wall Street Journal on Wednesday. Shares of the company were up 6.4% at $9.80 in premarket trade. Last year, Gap's former CEO, Sonia Syngal, stepped down just after a liitle over two years into the role, as the apparel seller wrestled with weak demand for its casual attire and a slump in its stock price. Gap and Mattel did not respond to a Reuters' requests for comment. Reporting by Granth Vanaik in Bengaluru; Editing by Krishna Chandra Eluri and Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Persons: Richard Dickson, Sonia Syngal, Granth, Krishna Chandra Eluri, Vinay Dwivedi Organizations: Mattel, Wall, Thomson Locations: Bengaluru

☆ Gap Poaches Mattel Executive Behind Barbie Revival as Next CEO
▼ + stars: | 2023-07-26 | by ( Suzanne Kapner | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/gap-poaches-mattel-executive-who-revived-barbie-to-be-its-ceo-8fe469dc

Persons: Dow Jones, 8fe469dc Organizations: mattel

☆ Mattel Needs Barbie’s Movie Magic to Lift Toy Sales
▼ + stars: | 2023-07-26 | by ( Ngai Yeung | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/mattel-needs-barbies-movie-magic-to-lift-toy-sales-908b0690

Persons: Dow Jones Organizations: mattel

☆ Gap taps top Mattel executive to be its new CEO
▼ + stars: | 2023-07-26 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +1 min

Gap announced Wednesday it's poached a top Mattel executive to be its new CEO as the apparel giant seeks to reverse an ongoing sales slump and regain its relevancy in the fashion industry. Since then, Gap's chairman, Bob Martin, has been serving as interim CEO during a longer-than-expected search for a successor. During a May earnings call, Martin told investors he didn't expect to hold the position of interim CEO as long as he had. Gap shares gained about 6% on Wednesday after the news, while shares of Mattel fell slightly. During his tenure with Mattel, Dickson is credited with reviving the Barbie franchise and growing the toymaker's other top brands, including Hot Wheels and Fisher-Price, according to Mattel.

Persons: it's, Richard Dickson, Sonia Syngal, Bob Martin, Martin, Dickson, Price Organizations: Mattel

☆ 'Barbie' box office dominance extends beyond the weekend
▼ + stars: | 2023-07-26 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

The Warner Bros. flick based on Mattel's iconic fashion doll continued to tally record ticket sales following its historic opening weekend. On Monday, "Barbie" added $26 million to its haul, the biggest Monday in the history of Warner Bros. and the best-ever for a female director. Greta Gerwig's bubblegum pink feature added another $26 million on Tuesday, extending its domestic box office to $214 million. "Barbie" exceeded opening weekend expectations, snaring $162 million over its first three days in domestic theaters. In just five days in theaters, "Barbie" has topped $470 million globally.

Persons: It's, Greta, Harry Potter, Margot Robbie, Mario, Barbie, Christopher Nolan's, Oppenheimer Organizations: Warner Bros, Marvel, Star, Mario Bros, Universal, Comcast, CNBC Locations: Hollywood, NBCUniversal

☆ Gap hires Mattel president Richard Dickson to be its new CEO
▼ + stars: | 2023-07-26 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +5 min

New York CNN —Gap has named a new CEO, from toy giant Mattel, nearly a year after its previous leader departed. The retailer announced Wednesday that Richard Dickson, currently Mattel’s president and chief operating officer, will assume the position. First the president of the Gap division and later CEO of the company beginning in 1995, Drexler pushed Gap to expand beyond jeans into khakis and oversaw the creation of the budget-chain Old Navy in 1994. It doesn’t help that Old Navy and Banana Republic are also struggling, adding to Dickson’s challenges. In short, being CEO of Gap is not for the faint of heart,” Saunders said.

Persons: Richard Dickson, He’s, Dickson, ” Dickson, Barbie, Neil Saunders, GlobalData, ”, Chris Blakeslee, Alo Yoga, West, Sonia Syngal, Mickey Drexler, Drexler, Paul Pressler, Glenn Murphy, Peck, Syngal, ” Saunders Organizations: New, New York CNN, Mattel, Jones New, Warner Bros, CNN, Athleta, Republic, Kanye West, Navy, Disney, Gap, Banana Republic Locations: New York, Jones New York, Zara, North America, Peck

☆ The rise and fall of the Gap: The iconic but beleaguered brand is counting on a new CEO poached from Mattel
▼ + stars: | 2023-07-26 | by ( Bethany Biron | Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +2 min

Gap was once one of America's most beloved apparel retailers, known for its laid-back basics and classic denim. The company announced Mattel executive Richard Dickson will become Gap's new CEO. Here's the story of the company's rise to mall brand darling and eventual fall from grace. For decades, Gap was one of the most beloved retailers in the US and an emblematic part of American fashion and style. Here's a look at Gap's humble beginnings of selling Levis and records, through its meteoric rise across America to its eventual fall.

Persons: Richard Dickson, Dickson Organizations: Mattel, Service, Navy, Old Navy, Banana Republic Locations: Wall, Silicon, Levis, America

☆ Stocks making the biggest moves after hours: Meta Platforms, Chipotle Mexican Grill, ServiceNow and more
▼ + stars: | 2023-07-26 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Check out the companies making headlines after the bell:Meta Platforms – Shares of Meta Platforms jumped nearly 6% on stronger-than-expected quarterly results. Chipotle reported adjusted earnings of $12.65 a share on $2.51 billion in revenue. The entertainment technology company reported adjusted earnings of 26 cents a share. Lam posted adjusted earnings of $5.98 per share, beating estimates by 91 cents per share, per Refinitiv. L3Harris reported adjusted earnings of $2.97 a share on $4.69 billion in revenue, and lifted earnings and revenue guidance.

Persons: Chipotle, Refinitiv, Lam, — ServiceNow, FactSet, Sunnova, Richard Dickson, L3Harris, Aerojet, Macheel, Sarah Min, Darla Mercado Organizations: Meta, Revenue, Lam, eBay, Energy, Technology, Mattel –, Mattel, Seagate Technology, Technologies, Federal Trade Commission, L3Harris Locations: FactSet, Refinitiv

☆ Mattel plans to go all in on Barbie for Christmas
▼ + stars: | 2023-07-26 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +3 min

New York CNN —Mattel, riding high on the pink wave of the box office success of the “Barbie” movie, plans to go all in to deliver a Barbie kind of Christmas this year. The “Barbie” movie, from director Greta Gerwig, scored the largest opening weekend of 2023, pulling in $155 million domestically over its US opening weekend and $337 million globally. On June 1, Mattel released a new collection of toys tied to the “Barbie” movie, which included Barbie and Ken dolls pegged to characters in the movie and a toy replica of Barbie’s three-story DreamHouse. Kreiz said the initial movie-related products had sold out and that Mattel plans to release more products timed for the holidays. Mattel's new Barbie and Ken dolls tied to their characters in the "Barbie" movie.

Persons: New York CNN —, Barbie, Greta Gerwig, Barbie ”, Ynon Kreiz, we’ve, ”, Kreiz, Ken, Anthony DiSilvestro, it’s Organizations: New, New York CNN, New York CNN — Mattel, Warner Bros . Pictures, Warner Bros . Discovery, Mattel Locations: New York

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