Actually, the UK and Aussie branches are in liquidation proceedings as well, IIRC. I think only Canada is staying open. But they have no Targets. While I love TRU, I think I'll take that trade.Some other company bought the international rights or something so they're staying open, it's only the US version that's going kaput.
That's not an inconsequential number, but 1) that number was dwindling all the time & 2) it's not like those sales are going to vanish... they're just going to spread out to WM, Target, and Amazon. I seriously doubt the toy market is going to contract in any meaningful way.Say what you want, but 25% of toys that did sell here were sold at TrU.
I wouldn't want to carry Hasbro's shite products anyway.Doubtful Hasbro will be willing to extend product to TRU for a long time.
Hasbro is working hard to recover from the impact created by Toys”R”Us Bankruptcy. It was reported that a loss of $61.4 million was associated with the unfortunate event. With this loss, Hasbro posted a total $112.5 million loss in Q1 2018 results.
“The Hasbro teams executed extremely well during a challenging first quarter,” said Brian Goldner, Hasbro’s chairman and chief executive officer. “Hasbro brands are resonating with consumers and consumer takeaway is positive. However, as we discussed earlier in the year, our first quarter was expected to be difficult. We are working to put the near-term disruption from Toys”R”Us behind us. Our global retailers view this as an opportunity in a key consumer category and are partnering with Hasbro to develop growth plans for our brands. New Hasbro initiatives shipping in this quarter and beyond won’t be caught up in the Toys”R”Us liquidation process. With the rapid shift to a converged retail environment, we accelerated plans we originally had spread throughout the year to transform our commercial organization on a more immediate basis.”
I'd be hard pressed to believe SW figures actually sell, at least well enough to justify all the real estate TrU dedicated to them. Obviously they must, but they just don't seem like it. Takara and 3rd parties do TFs better than Hasbro ever will, and Hasbro MLs don't seem to be THAT much better than ToyBiz's.You'd be hard pressed to run a successful mainstream toy store without Star Wars, Marvel, Transformers, Nerf, Tonka, Playskool, My Little Pony, Play-Doh, Power Rangers, etc.
Your store would be a sad place. I would definitely want to grow up and not be a KTRU-kid.