Follow Kelly Tyko on Twitter: @KellyTyko US toy manufacturer Mattel has reported a better-than-expected Q1 2019 loss of $183.7m, as the company faces two lawsuits linked to its Rock 'n' Play sleeper. Mattel voluntarily recalled 4.7 million of the seats, following the deaths of more than 30 babies. The company anticipated the recall would cost $27m in Q1, but analysts said the final figure could be as high as $60m. However Mattel CEO Ynon Kreiz said the firm remained “confident” it retained consumer trust. A new report from the National Consumer Law Center (NCLC) found that nearly half (47%) of all consumers who bought an air purifier or dehumidifier last year had not used them
US toy manufacturer Mattel has reported a better-than-expected Q1 2019 loss of $183.7m, as the company faces two lawsuits linked to its Rock 'n' Play sleeper. Mattel voluntarily recalled 4.7 million of the seats, following the deaths of more than 30 babies. The company anticipated the recall would cost $27m in Q1, but analysts said the final figure could be as high as $60m. However Mattel CEO Ynon Kreiz said the firm remained “confident” it retained consumer trust. A new report from the National Consumer Law Center (NCLC) found that nearly half (47%) of all consumers who bought an air purifier or dehumidifier last year had not used them