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According to Associated Press, they were still bringing in $11 billion in sales annually -- and had a market share of about 20% of the toy market. AP blames the massive debt they were carrying, growth of Amazon and online sales, lack of consumer confidence after they filed for bankruptcy protection last year, and an outmoded technology infrastructure (in other words lots of reasons for the demise). I have fond memories of the Manhattan stores.
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Nice selection, but like K-Mart in the 1990's, they were just overpriced. By the time K-Mart figured this out, it was too late and they closed locations all over the U.S., including all the ones here in my county.
You'd have to be rich, for example, to buy LEGO's. If they're that fucking valuable, might as well use them as a substitute for gold!
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One of my mates is among the redundant in the uk. Always sad when an established firm goes down, for what ever reason. Its never normally one thing, but everytime we buy something a few quid cheaper on the internet, we shouldnt be shocked when another high street shop closes down thru, essentially, falling sales.
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