- Barbie was created in 1959 by Ruth Handler and became hugely popular among kids and pre-teens, selling nearly 350,000 dolls in its first year. However, its popularity began declining in the early 2000s.
- To arrest the decline, Mattel added more accessories for Barbie and introduced a new boyfriend, Blaine. However, Bratz dolls became a major competitor targeting older girls.
- By the mid-2000s, tweens were becoming more interested in electronics, cell phones, and fashionable items like jewelry and cosmetics. Mattel struggled to keep Barbie relevant to changing tween interests and lifestyles.
5. If Barbie dolls sold since its inception in 1959,were placed one after the other from head to toe, They will circle the earth 7 times
6. Barbie Inspired by her daughter’s excitement for paper dolls, Ruth Handler developed a 3D doll called BARBIE . New York Times called Barbie Doll a ‘CRASHING BOMB’.
7. U.S Market Mattel Inc. U.S Market illuminated Mattel launched Barbie in 1989
8. Barbie became equally popular among the Kids & pre-teens.The company sold nearly 350,000 dolls of Barbie in the first year.
9. Barbie underwent several makeovers Changing outfits, Accessories Sales exceeded $100 million & Mattel entered FORTUNE 500 ranking
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11. -In 1999 ,Barbie had 95% penetration among girls aged 3-11 in Australia alone. -90% of the U.S sales in fashion doll segment & 30% of total sales of Mattel Inc. Barbie, CONTROLLING MARKET
15. In 2001,MGA Entertainment Inc.launched BRATZ,targeting the tween girl market.Bratz dollsWore trendy cloths,platform shoes & fur jackets,inspired by the hip-hop culture.
21. Added New boyfriend BLAINE Barbie's New Boyfriend Blaine : Australian surfer hunk from down under takes place of discarded Ken doll, who remains just a friend
22. My scene Barbie- 2002 My Scene touring Music show that goes into the mall- to build the brands that go beyond just being toys.
37. Her first Movie hit the market Oct 2,2001 78 mins By Owen Hurley Barbie in the Nutcracker
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39. Mattel’s senior VP said, a girl’s life incorporates friends, boys,school,sports & activities, not just Toys. WE NEED TO DO IS DEFINE ASPIRATION.
40. A survey by kidzEyes of 1000 children in the age group of 6 to 14 yrs,found that more than Half of the boys wanted electronic gadgets like Computer, video games,softwares as gifts.
41. Toy sales fell down to $20.1 billion in 2004 from $20.7 billion in 2003 Sale is going down, shucks…
42. A study by Cingular & International communication Research- Tweens were more attracted towards Cell phones as a means to communicate with their friends. Parents also want to buy cell phones to them,so they could always keep in touch with them
43. Technology has become an integral part of education & entertainment among tweens. Yankee Group ,Boston based Research & consulting group