Mattel Q2 Net Sales Down 6% Year Over Year

In the second quarter of 2025, Mattel's net sales decreased by 6% year-over-year, achieving revenue of $1.02 billion. The continued weakness in the North American market dragged down overall performance, with sales in that region declining by 16%, although a 7% growth in the international market partially offset this impact. Despite the decline in sales, Mattel's gross margin improved by 170 basis points to 50.9%, benefiting from cost reductions, optimized inventory management, and an improved product mix. The adjusted gross margin rose to 51.2%.

The latest draft of the "E-Commerce Law" released by the Vietnamese Ministry of Industry and Trade requires all foreign e-commerce platforms operating in Vietnam (including those using the .vn domain, providing a Vietnamese language interface, or with an annual transaction volume exceeding 100,000 transactions) to designate a local legal representative or establish a legal entity. This measure will hold the representative accountable for the platform’s violations. Additionally, the Vietnam Customs recently announced that starting from August 1, it will implement Circular No. 29/2025/TT-BTC, initiating an automated VAT collection process for imported courier goods valued below 1 million VND.

Recently, the Australian Anti-Dumping Commission issued Notice No. 2025/061, stating that, in response to an application submitted by the Chinese exporter Dongguan Minxing Cables Co., Ltd, it has initiated a review investigation into anti-dumping and countervailing measures on PVC Flat Electrical Cables exported to Australia. The review will examine whether the variable factors related to the current anti-dumping and countervailing measures should be changed. The investigation period is from April 1, 2024, to March 31, 2025. The product involved is classified under Australian Customs Code 8544.49.20.41. The Australian Anti-Dumping Commission expects to complete the essential facts report of this investigation no later than October 26, 2025, and to submit the final report to the Minister for Industry and Science no later than December 10, 2025.

On July 18, 2025, the Secretariat of Foreign Trade of the Ministry of Development, Industry, Trade and Services of Brazil issued Notice No. 56 of 2025, stating that a public interest assessment procedure for anti-dumping measures on polyether polyol with a molecular weight between 300 and 4500 g/mol and a purity of no less than 90% (including mixtures with a concentration of no less than 90%) originating from China and the United States has been initiated. The notice takes effect from the date of its publication.

On July 22, Japan's AGC Inc. officially announced that it has reached an agreement with Sumitomo Bakelite Co., Ltd. to transfer its polycarbonate business to Sumitomo Bakelite. For AGC Inc., this transfer does not mean abandoning the polycarbonate business, but rather finding a more suitable environment for its development based on the company's overall strategic layout.