Here is a story we missed. Sears announced a couple of days ago that it is closing another 46 stores which include many Kmart stores. The retail apocalypse continues. CNN has the full story.
You’d be silly to ignore the many things about the modern state of collecting that are devastating the line. Examples like collectors waiting as if they’re vultures for Hasbro stuff to go on clearance at Walmart and TARGET. And seeing Toys R Us’ merchandise that was clearanced out by competitors MONTHS ago sit and collect dusts on shelves are just some of the issues that don’t go away. Granted, Toys R Us has been foolish. They never were competitive with promotional prices and their clearance timing was the worst. But, see the image below. While anecdotal, it paints a broad picture of what is wrong with the Star Wars line. I could beat a dead horse here, but it’s clear to say that there is too much focus on certain Star Wars Entertainment that Star Wars fans aren’t supporting and buying. I have similar pile-ups at my local Toys R Us stores, albeit different products, but the same principles apply. Until the Hasbro line gets back to basics, we’re going to continue seeing these trends. And with Toys R Us gone, it means that either less volume will be produced, or the remaining retailers will be overstocked next. And I don’t think Walmart and TARGET will ever buy another bridge again when it comes to Star Wars. Their current stock levels are so low now that it’s almost impossible to find anything new there any way (except for the same repeated figures that shouldn’t have been reissued). It seems the Star Wars line is being forced into online oblivion. I am at a loss how this Titanic can be turned around. Special thanks to JTA Facebook reader Todd L. for the image!
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!
Fortune.com has written a fantastic article on why the Toy Industry would suffer if Toys R Us goes belly up. I have heard and seen many comments by readers ‘happy’ or ‘indifferent’ to see TRU’s demise because of various reasons, but there is a bigger picture. And Fortune goes into detail about it. Check out the article and then come back here to comment.
The brick and mortar retail Toy Store apocalypse continues, this time in France. French JTA reader Patrice P. send us word of France’s #2 toy retailer in financial woes. Click through for Patrice’s translation summary of the article’s main points.
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….)
-Click HERE to return to the home page-