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So in some ways this is similar to Blockbuster. Ignoring much of the debt brought on by that buyout it appears they simply could not adapt the shopping preferen
by Shivetya 9y ago
So in some ways this is similar to Blockbuster. Ignoring much of the debt brought on by that buyout it appears they simply could not adapt the shopping preferences of their market. Yes the debt was a dark cloud hanging over them but if what the article implies is true it was only a matter of time before this result would have occurred; it might have been a more stable transition but it would have come.
I also believe that not only did they succumb to online retailers but their price point was easily undercut by the dollar style stores in some markets and besides pricing the retail locations were not always ideal
- cpkpad 9y ago.... Or they could have made play areas kids wanted to go to (when I was a child, going to Toys-r-Us was the ultimate thing), and sold toys people wanted (instead of branded sensory-overload crap). They failed to adapt to consumers of 2018.
- machinehermit 9y agoI am just not sure that would save this business model though. IMO it is very much like Guitar Center for music. There is no way Guitar Center is around in 10 years and there is nothing that can be done on their part. The whole concept that the business is based on is outdated.
- CptFribble 9y agoI'm curious what it is about Guitar Center that you're saying is outdated: I would think buying an instrument demands at least some hands-on experience to confirm your choice, but not many parents are concerned with giving their kids a test drive of new toys before purchase (and indeed can't, due to packaging).
- dexterdog 9y agoSensory-overload crap is not what the consumers of 2018 go for?