Mattel seems to be having a serious problem with their suppliers.
Toymaker Mattel Inc (MAT.N) on Tuesday announced a third recall of Chinese-made toys, saying it would take back more than 800,000 units globally that contain “impermissible” levels of lead.
In total, 522,000 U.S. toys and 322,000 outside the United States are being recalled. The toys were shipped between August 3, 3006, and July 31, 2007, the company said.
This is the third recall in just a few weeks. How long until they recall every toy they have ever sold?
Doesn’t it make you wonder though, why didn’t anyone test these items before they were distributed in stores? It’s not like China has a great track record and all that. What gives?
Did someone know? Why didn’t Mattel act sooner? What did they know and when did they find out? There are all questions I am sure they will be forced to answer over the coming months.
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