Forum Search Button Mouseke-Calendar Forum Memberlist Button ModEARator Team Forum Help Button
This is the Vault: Disney Echo archives. The new Disney Echo is now open!
...Now accepting registration for new members...

» Welcome, Guest
[ Log In ˚◦˚ Register It's free! Only takes 30 seconds! ]

Pages: (3) Jump to first page No Pages [1] 2 3 Next Page Jump to last page

[ Mouseke-Track this topic :: MickEmail this topic :: Print this topic ]

Reply to Topic New Topic New Poll
Topic: Disney Stores to be sold at auction next year?, No clear signs of a buyer< Next Oldest | Next Newest >

wdtv Offline

Disney EchoEar


EchoEar PipEchoEar Pip

Group: Members
Posts: 9
Joined: Mar. 2003
Posted: May 11, 2003 1:52 am/pm Quote

I have changed the mailing address on the main page -- http://groups.yahoo.com/group/bringback_tds
Please join if you haven't done so already -- hopefully, it will be a lot more helpful in letting TDS know of the publics complaints/outrage.  And if you haven't written yet, hopefully it will give you more incentive:
Disney Consumer Products
Mr. Andrew Mooney
President
500 Buena Vista Street
Burbank, CA
91521

And please, if you can, inform co-workers, friends, family, etc of this campaign.


--------------
Daniel / wdtv
Back to top
Profile PM 

wdtv Offline

Disney EchoEar


EchoEar PipEchoEar Pip

Group: Members
Posts: 9
Joined: Mar. 2003
Posted: May 16, 2003 12:58 am/pm Quote

Full Story

If they close, I say GOOD RIDDANCE!  Either change or close; TDS angers me to no end these days.

Daniel
http://groups.yahoo.com/group/bringback_tds
http://groups.yahoo.com/group/preservethemagic
http://groups.yahoo.com/group/disneylands_50th


--------------
Daniel / wdtv
Back to top
Profile PM 

sorcererkev Offline

Disney EchoEar Regular


EchoEar PipEchoEar PipEchoEar Pip

Group: Members
Posts: 28
Joined: May 2003
Posted: May 16, 2003 6:22 am/pm Quote

I hate to say it, but they have no one to blame for poor sales but themselves.  There is NOTHING in TDS anymore.  It's always the same stuff for kids who are too small too appreciate any of it.  I even settled for just getting pins, snowglobes and plush there, but now they don't even seem to sell pins anymore.  I always thought it was IMPOSSIBLE that my wife and I are possibly the only people over 18 who have been disgusted that there's nothing to buy there anymore.  

I work in retail management myself, so I do feel bad for the cast members who may possibly become unemployed and I'm also sad that Disney is losing money with TDS, but for crying out loud, are they surprised at the lack of sales?  

I love Disney, but TDS lost any and all "Disney Magic" it had about a year ago...

--sorcerer kev


--------------
sorcererkev
Back to top
Profile PM AOL 

wdtv Offline

Disney EchoEar


EchoEar PipEchoEar Pip

Group: Members
Posts: 9
Joined: Mar. 2003
Posted: May 16, 2003 6:42 am/pm Quote

Eisner & Co are clueless!  Period!  It's like "Gee, Tom; we lowered the quality of merchandise, got rid of all Disneyana, thus literally re-writing the Disney principles; so why are the stores failing?"
It's not rocket science.

Why some fans still believe "Everything Disney touches turns to gold" is completely beyond me.

Daniel
http://groups.yahoo.com/group/bringback_tds
http://groups.yahoo.com/group/preservethemagic
http://groups.yahoo.com/group/disneylands_50th


--------------
Daniel / wdtv
Back to top
Profile PM 

RichKoster Offline

ModEARator




Group: Disney EchoEar Grand Mouseter/AdministratEAR
Posts: 5119
Joined: Aug. 2001
Posted: May 22, 2003 8:14 am/pm Quote

Disney closing stores to under 300 in U.S. & Canada

Disney Consumer Products Chairman Andy Mooney says Disney will close more than a fifth of the Disney Stores in North America. He went on to say Disney is preparing the entire chain of stores for a possible sale.

There are currently 387 Disney Stores in North America and he told reporters:
  • they would be reducing that number to less than 300
  • Disney could close down the entire chain
  • and Disney hadn't started talks with any possible buyers.
Mooney said they expected to strike a deal with some company to buy the chain from Disney.

Over in Europe the Disney Store is very profitable and he said that chain could be sold separately from the stores in the U.S. and Canada


--------------
RichKoster, Disney Echo modEARator
Back to top
Profile PM WEB MSN YIM 

RichKoster Offline

ModEARator




Group: Disney EchoEar Grand Mouseter/AdministratEAR
Posts: 5119
Joined: Aug. 2001
Posted: May 23, 2003 8:28 am/pm Quote

Official Disney Press Release

Disney Exploring Sale of the Disney Stores; Announces Changes in Its Executive Management

BURBANK, Calif., May 22, 2003 -- The Walt Disney Company today announced that it is exploring a range of options for The Disney Store, Inc., including the possible sale of stores in North America and Europe.

"The Walt Disney Company is a global licensing leader committed to the growth of this business," said Andy Mooney, chairman of Disney Consumer Products. "We successfully extended this licensing strategy with the recent sale of the Disney Stores in Japan, and believe this is an attractive option for the Disney Stores in North America and Europe as well."

As The Walt Disney Company prepares for the potential sale of the stores, Peter Whitford, president of the chain, announced his resignation. Mooney will oversee the day-to-day operation of the business on an interim basis.

"Peter has done a very good job of managing the Disney Stores as we've downsized the chain and implemented a new merchandise strategy that is focused on product quality," said Mooney. "We appreciate his work and wish him well in future endeavors."

The chain has been reduced from 522 stores in North America to 387 currently, with a total of 548 worldwide. The process of reducing the number of stores in North America will likely accelerate as a result of preparing the chain for possible sale. The company continues to assess the performance of each store, as well as expiring lease agreements, and will make decisions based upon those factors.

The Disney Store chain in Japan was sold to Oriental Land Co., Ltd., operator of the Tokyo Disney Resort, in 2001.

Source: The Walt Disney Co.


--------------
RichKoster, Disney Echo modEARator
Back to top
Profile PM WEB MSN YIM 

RichKoster Offline

ModEARator




Group: Disney EchoEar Grand Mouseter/AdministratEAR
Posts: 5119
Joined: Aug. 2001
Posted: May 23, 2003 11:46 am/pm Quote

Yoo Hoo, Disney EchoEars!

Over at fool.com, their take on this is Disney took a great idea with its Disney Store, made it into a hit, and now just like AOL-Time Warner's Warner Brothers Stores chain, overexpanded too much until it failed.

I feel they certainly oversaturated the market with Disney merchandise, available not only at the Disney Store, but even discount chains like Wal-Mart and K-Mart, online, and of course in the Disney parks (where they should be). Add to this the oversaturation Disney did with its collectibles/Disneyana, and it was easy to see why the downturn happened.

Read the Disney Kills a Killer Concept article at fool.com. (Free registration may be required to view the article.)


--------------
RichKoster, Disney Echo modEARator
Back to top
Profile PM WEB MSN YIM 

Tigger58 Offline

Disney Merchandise and Disneyana message forum modEARator




Group: ModEARator
Posts: 320
Joined: April 2003
Posted: May 24, 2003 3:31 am/pm Quote

Disney Stores Could Fetch $495 Million
Penelope Patsuris, 05.23.03, 1:32 PM ET
http://www.forbes.com

NEW YORK - Disney's sale of its retail stores in the U.S. and Europe could fetch as much as $495 million--and pay down a nice chunk of its $13 billion debt to help keep its current BBB+ credit rating from slipping further.

Prudential Securities analyst Katherine Styponias bases that valuation on her observation that troubled retail chains are generally valued at between 0.4 and 0.5 times sales, which in Disney's (nyse: DIS - news - people ) case are roughly $1 billion.


Disney officially revealed its plans to sell the ailing chain last night after the market close, but it has been shuttering its stores for some time. Since the late 1990s, the number of Disney store locations worldwide has been reduced to 548 from 740, according to a spokesman. Since late 2001, U.S. store locations have shrunk to 387 from 522.

The chain has been struggling for some time, operating at a slight loss. "This is a way to get rid of a distraction and an irritant," says Sanford Bernstein analyst Tom Wolzien. "They've put a lot effort into this, and it's just not worked."

Styponias estimates that the Disney stores will contribute 42% of the sales at its consumer products division for the 2003 fiscal year, and 3.6% of total revenue. For the quarter ending March 31, the company said the division's sales shrank 14%, to $500 million from $580 million, while operating income plummeted 38% to $53 million from $86 million. Aside from the Disney stores, consumer products also includes licensing revenue from merchandise sold outside those stores and well as the proceeds from sales of products like games.

But a sale of the properties isn't the only option, and it may not even be the best option for the mouse house. Disney has indicated that it would be interested in replicating the licensing agreement it has in Japan with Oriental Land. That company runs Tokyo Disneyland and Tokyo DisneySea Park, as well as 46 stores throughout that country, and pays Disney an undisclosed annual royalty on those sales.

While the store chain hasn't panned out, a Disney spokesman says the company is shifting its retail focus to working directly with stores like Wal-Mart (nyse: WMT - news - people ), Target (nyse: TGT - news - people ) and Toys 'R' Us (nyse: TOY - news - people ). Together they are designing product lines aimed exclusively at each chain's clientele.

Assuming Disney can find any takers in a tough market--AOL Time Warner's (nyse: AOL - news - people ) Warner Bros. unit closed its store chain in 2001 after failing to find a buyer--a Disney Store sale would provide much needed cash. That cash could be especially critical now as the U.S. Federal Communications Commission considers whether to loosen media ownership rules that would permit media giants to buy more media properties.

"With their current debt, they don't have a lot of flexibility to buy anything right now if they wanted to," says Wolzien. On the other hand, he adds, "even if they have to practically give the stores away, they might be better off if they could do a licensing deal and get a recurring revenue stream." Styponias says such an arrangement would provide a "high-margin, low-capital-intensive revenue stream."

Disney hasn't said publicly how much it aims to pare from its debt, but it is clearly making a concerted effort to do so. On May, 15 Disney closed the sale of its World Series-winning Anaheim Angels baseball team to billboard magnate Arturo Moreno for $184 million. Disney is also endeavoring to unload the Mighty Ducks, ironically, as they head for the Stanley Cup.


--------------
Nancy / Tigger58
~*CM since 1999*~
Disney Echo Disney Merchandise/Disneyana ModEARator

Back to top
Profile PM WEB AOL YIM 

RichKoster Offline

ModEARator




Group: Disney EchoEar Grand Mouseter/AdministratEAR
Posts: 5119
Joined: Aug. 2001
Posted: May 31, 2003 1:47 am/pm Quote

Well, apparently Disney has decided to give the new head of Disney Stores (previously the head of the Disney Catalog) 12 to 18 months to turn things around for the better.

Among his plans are selling adult and infant clothes again. Hooray!

If no improvement has taken place by 12-18 months, Disney will look for a buyer again or perhaps close all the U.S. Disney Stores down at that time.


--------------
RichKoster, Disney Echo modEARator
Back to top
Profile PM WEB MSN YIM 

RichKoster Offline

ModEARator




Group: Disney EchoEar Grand Mouseter/AdministratEAR
Posts: 5119
Joined: Aug. 2001
Posted: May 31, 2003 1:53 am/pm Quote

Seems like the new man in charge of the Disney Store as well as Rasullo in charge of the parks & resorts have come to the conclusion (and rightly so) that they way to do things is to go back to the days of quality entertainment and merchandise for all from back in the heyday of Disney before Pressler's cost-cutting came into effect. In other words, follow the motto of "What Would Walt Do?"
:)


--------------
RichKoster, Disney Echo modEARator
Back to top
Profile PM WEB MSN YIM 
21 replies since May 16, 2003 12:58 am/pm < Next Oldest | Next Newest >

[ Mouseke-Track this topic :: MickEmail this topic :: Print this topic ]

Pages: (3) Jump to first page No Pages [1] 2 3 Next Page Jump to last page
Reply to Topic New Topic New Poll




Featured Sponsors of the Disney Echo:
>
Your Ad Here!
Disney Ink Shop

© 2007 Rich Koster & FANtasEARS Disney Fan Club & Disney Echo. The Disney Echo is for like-minded individuals who gather here to discuss all aspects of the Walt Disney Co. All participants are welcome. We're not affiliated with nor endorsed by The Walt Disney Co., so you are free to share your opinions and join the fun Disney Spirit without having to toe the company line. The Disney Echo and FANtasEars Fan Club are not responsible for any damages that may be a result of the use of the information supplied on these pages. The viewer agrees to this by viewing the pages. The words & phrases "Disney Echo," "Disney EchoEars," "EchoEars," and "MousekeEars" are ©2007 Rich Koster.
Our Privacy Statement


Get FREE FANtasEARS MickEmail
Get FREE MickEmail And Hear Mickey's EarMail!


A Proud Member of

The FANtasEARS Disney Fan Club and Disney Echo has been visited times by Disney fans since June 18, 1998. We're glad you dropped by!
Disney.comFANtasEARS Disney Fan
Club The pages and images on this web site are ©2007 Rich Koster, except for Disney Character images & logos copyrighted by The Walt Disney Co.
All rights reserved.