How Barbie Lost Her Groove, But Shouldn't HaveBy CIOinsight
Mattel's world-class competitive intelligence system crunches sales reports, children's play-pattern studies, and even findings on where kids go online.
The system picked up signals that young girls, heavily influenced by the gyrations of pop star Britney Spears, wanted a doll bolder and brasher than Mattel's pert-and-pale Barbie. Yet, today, MGA's hip-hop cool Bratz threaten Barbie's reign as queen of the dolls.
Worldwide sales of Bratz reached $700 million last yeargrowing more than 45% over the previous 12 months, while sales of Barbie have stagnated.
Barbie's share of the fashion doll market has shrunk from 75% in 2000 to roughly 60% today, and new rivalsJanay and Friends from Integrity Toys, Girls on the Go from Tolly Tots, and the Princess line from Disneyare all crowding into the doll aisle.
Mattel had the means to see it coming and act decisively to protect its franchise. What happened?
How Barbie Lost Her Groove Great product; historical franchise; huge market share; unbelievable customer affinity. And rapidly dropping popularity
Operational Details on the Barbie Situation:
Barbie's Heroes: Mattel's intelligence agents, their bosses, and who played what role in the problematic reinvention of Barbie.
Roadblock: CEOs can be the Greatest Obstacle to Success. Mattel's intelligence told it kids wanted hipper Barbies; CEO Robert Eckert and Mattel reacted slowly, and paid the price.
World Class Tool Box: Mattel uses a sophisticated set of data and intelligence tools to steer the Barbie franchise.
Near-Sighted Corporate Intelligence Can Be as Deadly as the Competition. Rival companies with successful toys put Barbie in a tough spot. Politics, social pressures and fashion changes can sink you oras Japanese car-makers demonstratedmake you a winner.
ACNielsen: Retail Riches. Every day, ACNielsen gathers data associated with millions of retail purchases, from apples in Arizona and Barbies in Boston. It charges a bundle for the results. Is it worth it?