Website Retail Dive reports that the auction for the Canadian branch of Toys R Us was canceled on Monday, since there were no other qualified bids for the Canadian Toys R Us stores other than the $235 million “stalking horse” offer by Fairfax Financial. Once the deal is approved Fairfax Financial will own the 83 Canadian TRU stores.
Irish Toy Retailer Smyths will acquire the Toys R Us Stores in Germany, Austria and Switzerland. This deal includes 93 TRU stores and 4 online shops. There are also some new developments for TRU in the USA, Canada, Asia and Australia! Click through for more details!
Update: Smyths will rebrand the TRU stores. Details added to the article!
If you’ve been having trouble locating the newest Solo toys at your closest TARGET brick and mortar, you may not be surprised to learn that when given the DPCI a TARGET employee informed me that the Solo product launch was dated for a 4/15 reset, which is after the 4/13 street date. Patience is the way of the Jedi, friends, and we may have to wait a couple days yet…
As our childhood continues to whiddle away, another nail in the coffin is hammered in. Toysrus.com is no longer active and the store locater site “goodbuytoysrus.com” makes it’s debut. Excuse me while I go cry in an active corner of the internet…
Toys R Us has released documents, giving details for the purchase of the Canadian equity sale. Click through to read more about the Toys R Us Canada auction!
A captain always goes down with his ship. You can read the full story here.
MGA Entertainment CEO Isaac Larian is still serious about his efforts to buy up to 400 Toys R Us stores in the USA and to keep the name alive. He and several other unnamed investors have already pledged $200 million. But they need much more money to actually have a chance. Larian needs to raise another $800 million. How to do that? Click through to learn more!
USA today posted a new article outlining the liquidation plan for the closing specialty toy store.
LEGO released its full year results for 2017 earlier today. And after more than a decade of constant growth LEGO saw its first revenue decline in 2017. Revenue was 5.8 billion USD, which is 8% less than 2016. Net profit was 1.7 billion USD, a 17% decrease.
This is what LEGO had to say about their Star Wars line: “LEGO Star Wars products, released in the second half of 2017, performed in line with expectations.”
Make of that what you will. The question is, what were their expectations? I think it’s safe to assume that LEGO Star Wars probably saw some decline, which would be in line for the overall trend for Star Wars toys in 2017.
Did you buy any of the TLJ LEGO sets last year?
Toys R Us UK is filing for insolvency. After the company failed to find a buyer and a 15 million pounds VAT bill was due on Tuesday, Toys R Us UK went into administration today. (more….)
Jakks Pacific, known by most here for making large scale Star Wars figures, reports a net loss for 2017 of 83.1 million USD.
2017 saw fewer sales for Star Wars, Frozen and Tsum Tsum. Net sales for the fiscal year were 613.1 million USD, which is 13.1% less than in 2016. This is in line with the overall downward trend for Star Wars toys in 2017. Jakks Pacific cites various reasons for the loss but singles out the TRU bankruptcy in the US as a contributing factor and less interest in some film licenses.
Have you bought a Jakks Pacific Star Wars figure in 2017?
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