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Mattel Inc.
Mattel CEO resigns as sales falter
Mattel CEO resigns as sales falter

Mattel Inc.'s ground-losing tussle in the toy aisle has claimed a victim. Bryan G. Stockton, the El Segundo company's chairman and chief executive, resigned after failing to turn around the toy maker. Mattel had been hustling to revamp the business as classics Barbie and Fisher-Price were losing favor with young customers. But its efforts have been unsuccessful. In the last three months of last year, which includes the crucial holiday-shopping season, sales slid 6% to $2 billion, according to preliminary estimates released Monday. Mattel's troubles come at a time when the toy industry is scrambling to evolve with changing consumer tastes. Parents are cutting back on...

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