Quote:
Originally Posted by philtastic
GameStop is doing well, financially.
https://news.gamestop.com/news-relea...esults-q3-2021
And since TRU was acquired recently by a company specializing in retail, rather than a private equity firm that would chop it up and sell off the parts, I don't see much risk of them collapsing. Besides, they sell a lot more than just 6 inch action figures.
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Hmmm I'm not sure how a net loss of 105.4 million dollars vs. 18.8 million a year ago is a good thing ?
While sales are growing i'm not sure if you missed it but that report shows it's net losses are growing. I still maintain it is a bleeding company. It's borrowing alot of money right now too and at not so friendly interest rates.
https://www.cnbc.com/2021/12/08/game...-earnings.html
While I also agree I don't see TRU shutting down anytime soon, the fact they are raising prices above MSRP besides 6in action figures (it's not just those) shows something is going on. We haven't heard much from the company since the acquisition nor their direction which I may have missed but seems weird.
I don't have a good feeling about them at this time and silence usually means something painful for the company might be coming.
The sale on paper looked good and I'm glad they were saved when the parent company folded...point is they need to survive and we should do our best to support Canadian and provide competition for the market. Cause we don't want Walmart being the sole spot...