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03-18-2018, 11:51 AM | #431 |
Cobra Viper
Join Date: Sep 2007
Posts: 258
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I understand the economics of Toys R Us being run into the ground in 2005 by the buyer accumulating large amounts of debt in an attempt to flip the company to someone else. Unfortunately, the debt spiraled to a point where it sunk the company.
I believe though this is a consequence of our overall economy in general. Our country is at $21 trillion in debt. Student loans are at an all-time high. We are running our fiat currency into the ground by printing tons of it at warp-speed to avoid another depression. This forces people who "hold" cash to seek investment instruments they do not understand in order to preserve purchasing power and value of their money. That usually does not end well. Throw in trying to pay for a house, bills, and children, there seems to be significantly less disposable income to spend things on. So we have a double-headed dragon where people who have a college degree (I think only 30% of the population) are barely keeping their head above water because they have so much debt and those who did not go to college competing for a low number of well-paying jobs because companies have off-shored everything. This is a trickle-down effect to retail. It's not just Toys R Us. A LOT OF STORES are going out of business thanks to Amazon, Wal-Mart, and Target. And quietly, Target has begun to close stores. On aside note, the growing demands of China as they increase their quality of life has raised labor costs. Add the rising price of oil and overall costs for toys has increased. This is the perfect storm. |
03-18-2018, 12:20 PM | #432 |
$25 Cool
Join Date: Apr 2009
Location: Virginia
Posts: 1,403
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03-18-2018, 01:39 PM | #433 |
Cobra Pimp and Hustler
Join Date: Mar 2012
Location: Springfield
Posts: 6,139
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Quote:
I understand the economics of Toys R Us being run into the ground in 2005 by the buyer accumulating large amounts of debt in an attempt to flip the company to someone else. Unfortunately, the debt spiraled to a point where it sunk the company.
I believe though this is a consequence of our overall economy in general. Our country is at $21 trillion in debt. Student loans are at an all-time high. We are running our fiat currency into the ground by printing tons of it at warp-speed to avoid another depression. This forces people who "hold" cash to seek investment instruments they do not understand in order to preserve purchasing power and value of their money. That usually does not end well. Throw in trying to pay for a house, bills, and children, there seems to be significantly less disposable income to spend things on. So we have a double-headed dragon where people who have a college degree (I think only 30% of the population) are barely keeping their head above water because they have so much debt and those who did not go to college competing for a low number of well-paying jobs because companies have off-shored everything. This is a trickle-down effect to retail. It's not just Toys R Us. A LOT OF STORES are going out of business thanks to Amazon, Wal-Mart, and Target. And quietly, Target has begun to close stores. On aside note, the growing demands of China as they increase their quality of life has raised labor costs. Add the rising price of oil and overall costs for toys has increased. This is the perfect storm.
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03-18-2018, 01:48 PM | #434 |
Hisstank.Com General
Join Date: Jun 2013
Location: Brooklyn NY!
Posts: 5,239
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Quote:
https://www.washingtonpost.com/news/...ions-answered/
https://www.bloomberg.com/news/artic...t-to-fill-them Some interesting articles. Some dont think the existing stores will even make it to May. Sad. Employees will have 60 days to find a new job. After that the firms take over for clearance . There are a few buyers looking to buy up to 40% of the stores and run them as a independent franchise under the TRU name-which gives me some peace that the legacy wont completely die. Also there is “talk” of a TRU website still running.
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Visit my vintage Joe restoration page! https://www.flickr.com/photos/131988164@N07/albums Cross Country's super smooth feedback thread. http://www.hisstank.com/forum/buy-se...ml#post4456308 Currently available Hasbro items. PM me for your prices (DO NOT be discouraged by the listing prices) https://www.ebay.com/sch/i.html?_dkr...nirtoys&_oac=1 |
03-18-2018, 03:01 PM | #435 |
Hisstank.Com General
Join Date: Jun 2008
Location: PA
Posts: 10,816
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Quote:
I think the Imperial Probe Droid was the only new Star Wars item to sell out in the post Rogue One world. Hobgoblin, Taskmaster, Mysterio, all classic based figures and they are considerably tougher for me to find than modern or movie versions of characters. Unless it just in my area.
Last edited by JediJones; 03-18-2018 at 03:03 PM.. |
03-18-2018, 05:13 PM | #436 |
Crimson Nerd
Join Date: Dec 2008
Location: Virginia
Posts: 12,579
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Quote:
Probably true in general, but there have been a few hot newer characters. Rogue One K-2SO was a great selling figure in all his forms. Spider-Gwen was a bestselling Marvel Legends figure. Crossbones is a fairly new character who was a red hot figure.The movie Scarlet Witch was the hottest figure of her wave. I think the movie-based figures do well in general, but usually not the newer comic-based characters. Some of the more obscure classic comic book characters don't do well either like Morbius and Jackal.
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03-18-2018, 05:52 PM | #437 |
Christian Soldier
Join Date: May 2009
Location: Florida
Posts: 6,245
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I’m out of town, but ended up at a toys r us today. Looked at the world peacekeepers or whatever that brand is called, don’t think they were discounted yet. Guy that worked there said today they cut off being able to order from tru.com in the store. He said could probably still order from home. Bought Disney infinity 3.0 starter set for 4 dollars.
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03-18-2018, 08:38 PM | #438 |
Decorated Joe Sergeant
Join Date: Dec 2008
Location: Silver Spring/Colesville, Columbia, Towson, White Marsh & Baltimore, MD
Posts: 3,218
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A statement from LinkedIn from Ellia Kassoff, founder of Strategic Marks:
As some of you know, our company Strategic Marks, LLC has acquired KB-Toys about a year ago. During that period, we had been working on several models to resurrect the "Great American Toy Store" and to make sure the stores can compete with Toys R Us, other brick and mortar stores as well as on-line retail. Well, with the demise of Toys R Us, this week, we have now accelerated our business plan and hope to have our stores up and running before Christmas. We're in discussions with many of the toy manufactures, as we try to find out the best way to support them and the 20% loss of the US toy market due to the Toys R Us liquidation. We believe we will have the infrastructure in-place and [hopefully] save the toy industry. If you are a toy manufacturer or distributor, or ex KB Toys associate, please feel free to call us at: 949-424-1664 or email us at: [email protected]. We hope to help the industry and at the same time resurrect the amazing KB Toys name! https://www.linkedin.com/pulse/were-...ellia-kassoff/
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My wishlist: G.I. Joe IDW Comic Series - Chameleon I & II, Aisha, Bankshot, Downtown, Hashtag, Shareware, Boomer, Hammerdown, Skelton, Lab Rat, Chimera, Watcher, Topside, Phoenix Guard (Friday, Halo, Snake-Eater, Mech, High Tide, General Ray), Heart-Wrencher, Ophelia, Sergeant Craig, Junko Akita, Raven, Red Scream, Firewall, 50th Anniversary Classic Roadblock, Pale Peony, Dela Eden, Copperback. Transformers: IDW Voyager Class-Rodimus Leader Class-Optimus Prime, Titan Class Omega Supreme. Last edited by blackman2005; 03-18-2018 at 08:39 PM.. Reason: no heading |
03-18-2018, 09:09 PM | #439 |
Hisstank.Com General
Join Date: Jun 2013
Location: Brooklyn NY!
Posts: 5,239
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Quote:
Probably true in general, but there have been a few hot newer characters. Rogue One K-2SO was a great selling figure in all his forms. Spider-Gwen was a bestselling Marvel Legends figure. Crossbones is a fairly new character who was a red hot figure.The movie Scarlet Witch was the hottest figure of her wave. I think the movie-based figures do well in general, but usually not the newer comic-based characters. Some of the more obscure classic comic book characters don't do well either like Morbius and Jackal.
Maybe it isn't new vs old or modern vs vintage characters but how well the character is developed or intriguing/compelling in it's most recent outing that sell. I suspect that one reason for lag in sales could be lack of character development in today's mediums, comics, TV, Movies etc (among other issues). If so, it would explain why DCU movie figures (classic Batman figures seem to move) and TLJ figures don't seem to be moving. Yet most Marvel vintage and new movie figure do seem to sell. And thank you Blackman2005 for your post. While I don't have as many warm memories from KB as I do TRU it's welcome news. (Just goes to show how hard it is to get new characters to "stick" when Crossbones, a comic character who is going on 30 years old, is considered "fairly new.") Hehe I'm like minded Jmac. I still consider Carnage and Venom to be "new." but JJ's point about K2's character is worth merit.
__________________
Visit my vintage Joe restoration page! https://www.flickr.com/photos/131988164@N07/albums Cross Country's super smooth feedback thread. http://www.hisstank.com/forum/buy-se...ml#post4456308 Currently available Hasbro items. PM me for your prices (DO NOT be discouraged by the listing prices) https://www.ebay.com/sch/i.html?_dkr...nirtoys&_oac=1 Last edited by Cross Country; 03-18-2018 at 09:32 PM.. |
03-19-2018, 11:55 AM | #440 |
Hisstank.Com General
Join Date: Jun 2009
Location: Secret underground complex
Posts: 7,026
|
Quote:
A statement from LinkedIn from Ellia Kassoff, founder of Strategic Marks:
As some of you know, our company Strategic Marks, LLC has acquired KB-Toys about a year ago. During that period, we had been working on several models to resurrect the "Great American Toy Store" and to make sure the stores can compete with Toys R Us, other brick and mortar stores as well as on-line retail. Well, with the demise of Toys R Us, this week, we have now accelerated our business plan and hope to have our stores up and running before Christmas. We're in discussions with many of the toy manufactures, as we try to find out the best way to support them and the 20% loss of the US toy market due to the Toys R Us liquidation. We believe we will have the infrastructure in-place and [hopefully] save the toy industry. If you are a toy manufacturer or distributor, or ex KB Toys associate, please feel free to call us at: 949-424-1664 or email us at: [email protected]. We hope to help the industry and at the same time resurrect the amazing KB Toys name! https://www.linkedin.com/pulse/were-...ellia-kassoff/ I believe that life is quite a bit different than when we were kids. I doubt you will see small lines spring up like Centurions or Sectars, and kids stop playing with toys at a younger age, but I still think there is room for a great toy store. |
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