ajay182
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Joined on: Aug 3, 2020 16:53:10 GMT -5
Posts: 322
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Post by ajay182 on Aug 11, 2022 16:23:42 GMT -5
they should get someone who knows what they are doing or have a good idea on what sells and what will be hard to sell. And basically don’t over order . I think the majority of people on here could do a better job. I think they have quite a few fans working there, my cousin is a Manager at one, but nobody at purchasing level. I guess they just continue to bulk order for a lower cost per unit but are then taking massive hits when reducing for clearance as low as 25% of their retail price so it seems like a counterproductive strategy. Quite a lot of this is also down to minimum order quantities. In another thread a while back, someone had info on what Mattel's MOQs are and they're very, very high.
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Post by BadGirlRyleigh on Aug 11, 2022 17:31:05 GMT -5
I think they have quite a few fans working there, my cousin is a Manager at one, but nobody at purchasing level. I guess they just continue to bulk order for a lower cost per unit but are then taking massive hits when reducing for clearance as low as 25% of their retail price so it seems like a counterproductive strategy. Quite a lot of this is also down to minimum order quantities. In another thread a while back, someone had info on what Mattel's MOQs are and they're very, very high. Wouldn’t those be at a higher level than individual stores tho? Like that seems like it would be at the distribution level, but I don’t have any knowledge on it I’m just guessing
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Post by stc13 on Aug 11, 2022 17:47:25 GMT -5
Quite a lot of this is also down to minimum order quantities. In another thread a while back, someone had info on what Mattel's MOQs are and they're very, very high. Wouldn’t those be at a higher level than individual stores tho? Like that seems like it would be at the distribution level, but I don’t have any knowledge on it I’m just guessing I'd imagine so. But it's entirely possible they have higher thresholds for international accounts. That much higher? Who knows. Smyths has something like 100 stores, I believe. So I wouldn't think that MOQ's would force them to stock multiple cases per store. But either way, it seems like a recurring problem. There's at least some parallel to Game Stop in the US. It seems like they will get a few waves in, but in big quantities. Then they inevitably get clearanced but it's a somewhat niche item with their audience. Then they drop wrestling entirely for a while. Then they get them back some time later...still ordering more than they sell at MSRP. I'd have to think there's something on the back end that forces them that high, rather than their buyers just over order every single time.
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Post by newgenandy on Aug 15, 2022 2:43:24 GMT -5
Wouldn’t those be at a higher level than individual stores tho? Like that seems like it would be at the distribution level, but I don’t have any knowledge on it I’m just guessing I'd imagine so. But it's entirely possible they have higher thresholds for international accounts. That much higher? Who knows. Smyths has something like 100 stores, I believe. So I wouldn't think that MOQ's would force them to stock multiple cases per store. But either way, it seems like a recurring problem. There's at least some parallel to Game Stop in the US. It seems like they will get a few waves in, but in big quantities. Then they inevitably get clearanced but it's a somewhat niche item with their audience. Then they drop wrestling entirely for a while. Then they get them back some time later...still ordering more than they sell at MSRP. I'd have to think there's something on the back end that forces them that high, rather than their buyers just over order every single time. 200 stores for smyths + including warehouse stock for online which is kept separate from store stock
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onlymoc21
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Joined on: Feb 20, 2021 8:27:31 GMT -5
Posts: 491
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Post by onlymoc21 on Aug 15, 2022 4:31:20 GMT -5
I'd imagine so. But it's entirely possible they have higher thresholds for international accounts. That much higher? Who knows. Smyths has something like 100 stores, I believe. So I wouldn't think that MOQ's would force them to stock multiple cases per store. But either way, it seems like a recurring problem. There's at least some parallel to Game Stop in the US. It seems like they will get a few waves in, but in big quantities. Then they inevitably get clearanced but it's a somewhat niche item with their audience. Then they drop wrestling entirely for a while. Then they get them back some time later...still ordering more than they sell at MSRP. I'd have to think there's something on the back end that forces them that high, rather than their buyers just over order every single time. 200 stores for smyths + including warehouse stock for online which is kept separate from store stock All fantastic points guys and it really drives home how big of a market they have lost. It would be interesting to see how the line does going forward in sticking with online retailers. There is no way they are meeting the stock intake they had with Smyths.
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danfdan
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Posts: 294
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Post by danfdan on Aug 15, 2022 9:55:27 GMT -5
There are 126 Smyths stores and just over 170 Entertainer stores in the U.K.
Each figure (depending on the size of the store) had no less than 8 ordered.
For each series thats 14k+ figures in U.K + extra for online orders for each store.
That's a huge amount of revenue they've just lost.
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Post by newgenandy on Aug 15, 2022 10:32:43 GMT -5
There are 126 Smyths stores and just over 170 Entertainer stores in the U.K. Each figure (depending on the size of the store) had no less than 8 ordered. For each series thats 14k+ figures in U.K + extra for online orders for each store. That's a huge amount of revenue they've just lost. In terms of stock I’d assume they order for uk along with their stores in ROI, Germany, Switzerland snd Austria. Then the stock goes to mainland Europe before then coming to the uk. I don’t imagine they’d do separate orders for eu and uk Also potentially depending on the arrangement it might not be a huge amount of revenue lost - there’s a lot of figures in the entertainer and smyths price marked down which just do not move. Jazwares night have to take a hit in those when they don’t move. This is the same with wwe though. Every figure eventually gets price marked down. People in the states were struggling to find Kama but we had loads down to £10 not moving. Further proof of the decline in wrestling interest in the uk - clash at the castle tickets which have been on sale for a while have still not sold out.
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Post by JCF on Aug 15, 2022 21:01:58 GMT -5
Guess they all went to Ollie's
Ha
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Deleted
Joined on: Jul 3, 2024 19:39:17 GMT -5
Posts: 0
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Post by Deleted on Aug 16, 2022 1:52:41 GMT -5
IMO 2 Things killed the Line in the UK, PRICE POINT, £20 a figure was a steep price for me they should have targeted it at between £12.99-£15 a figure. Also the wait aswell, i remember having to order the 1st series online and then able to get the 2nd series in smyths. I've just ordered online as its guranteed to be quicker and full series aswell. Same price as the wwe elites, which the aew figures are equivalent to in articulation. You are saying wwe elites should also be priced cheaper? , would you rather aew had a basics series also?
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Deleted
Joined on: Jul 3, 2024 19:39:17 GMT -5
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Post by Deleted on Aug 16, 2022 1:55:25 GMT -5
I really wish we had access to chase figures in retail I wish they were done like Mattel’s are, we don’t have access to them either Head of jazwares used to work for jakks? so he is just doing what they did chases wise when jakks made wwe/f figures.
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Post by laythvandam on Aug 16, 2022 11:19:01 GMT -5
Pretty sad to see this, I hope the independents will continue to stock them.
They might be a bit more of an audience now for the independents to stock these since Smyths and the Entertainer are two huge distribution channels that are no longer stocking them.
I think one of the issues was the gap between the US and us getting them in, sometimes you would wait several months and a lot of collectors now just don't have that patience.
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Deleted
Joined on: Jul 3, 2024 19:39:17 GMT -5
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Post by Deleted on Aug 17, 2022 1:31:42 GMT -5
Some figures are on bay of e uk for less than rrp currently MOC. so not difficult to obtain cheaply.
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onlymoc21
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Joined on: Feb 20, 2021 8:27:31 GMT -5
Posts: 491
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Post by onlymoc21 on Aug 18, 2022 13:25:26 GMT -5
Pretty sad to see this, I hope the independents will continue to stock them. They might be a bit more of an audience now for the independents to stock these since Smyths and the Entertainer are two huge distribution channels that are no longer stocking them. I think one of the issues was the gap between the US and us getting them in, sometimes you would wait several months and a lot of collectors now just don't have that patience. It is sad to see for sure, but Jazwares hands are not clean in this, as pointed out the Chase situation from the start was ridiculous and not open to all markets. The exclusive UK Cody was a good counter balance however when hangman came out it was apparent Jazwares we’re gonna only provide repaints. I would look at what ringside would be getting as exclusives and be annoyed if I was Smyths or The Entertainer. It’s be repeated a million times that collectors who lived through the Jakks era of this stuff were not going to be as accepting now that there is a platform to speak out via social media. The huge distribution they have lost is going to be felt for a long time and as a start up company is awful news, this can also impact upon only products Jazwares make if it’s felt they are bad to do business with. They could have a 1000 online retailers and it won’t match what Smyths was bring in.
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Post by newgenandy on Sept 6, 2022 10:53:35 GMT -5
Have we had any actual confirmation of this?
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Top 1% Aaron
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WF 10 Year Member
The One & Only
Joined on: Jun 14, 2010 15:28:22 GMT -5
Posts: 898
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Post by Top 1% Aaron on Sept 6, 2022 13:11:41 GMT -5
Have we had any actual confirmation of this? I contacted Smyths about it a few weeks ago, but they pretty much just said "lol we dunno". TBH, until someone from Jazwares actually communicates something one way or another (or new listings suddenly appear on the Smyths site), I think it's pretty reasonable for us to assume the end is nigh!
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Post by BadGirlRyleigh on Sept 6, 2022 14:54:44 GMT -5
They haven’t gotten Unmatched 3 or Unrivaled 9, those have been available in the States for months, combine that with all the clearance stuff and yeah I’d say the UK isn’t getting them anymore
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