No sense of humour

Well what a great month that was. Trade crap, weather crap, Easter sales on the high street crap and to cap it all Youngsters finally succumbed to its troubles.
Author:
Publish date:
Social count:
0
11_18_14_7_TN-Counter-Insurge-Icon.jpg

I normally try to put a positive spin on things, add a little bit of humour but, you know, I just can’t be bothered this month.

There was a flurry of activity before Youngsters called in the receivers with companies trying to find ways of salvaging their money, and who can blame them? I know I would have done the same in their position. However, asking a Youngsters member to pay direct knowing full well that the receiver will also come looking for the money is unfair.

The aggressive nature of some of the letters received by members requesting payment direct or stock details has been very upsetting for them. I guess it is an unusual receivership in so much the members still have to carry on. Normally a company goes bust and that’s it, but in this case the members still have to trade.

I had a rep the other day say, that it didn’t bother me, that I hadn’t lost anything. I soon put him right. Every time I hear of the losses some of these companies have had, some of the smaller suppliers who have traditionally done well with Youngsters members, some of them who, after years of doing okay, suddenly have a line that makes years of hard work seem worthwhile, to hear these suppliers have incurred losses through Youngsters going down leaves me feeling sick in the gut.

I know it’s hard for some to believe nowadays but some of us retailers care about our suppliers, after all we are nothing without them.

I do care about those who have lost jobs. I do care about the smaller members who will find trading even more difficult through no fault of their own are having to trade through the toughest retail conditions for years without the terms and benefits they require.

So where do the indies go now? Suppliers I’ve talked to are split into two camps, one half saying they only want one buying group, and the other half saying competition is a good thing and they would like to see two. With two other offers on the table as well as Toymaster at least Youngsters members do have some options, let’s just hope for the good of the indies that the support continues from those who have lost money.

Related

17_184_3930_mypictr_300x300.jpg

OPINION: No smoke without fire?

The denials that have emanated from Rhode Island since stories began circulating about a buyout approach haven?t failed to raise eyebrows as to what might lie ahead. Despite fervent denials of interest in a takeover, Hasbro?s good performance in a weak economy was always bound to pique interest.

5_Toymaster3.jpg

Master class

Toymaster?s first ever suppliers? meeting saw the buying group put the record straight on its financial well-being, while paving the way for a new influx of members following the collapse of Youngsters. Ronnie Dungan listened in?.

Featured Jobs

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.

Liberty

UK Sales Agents

Liberty House Toys have been appointed as the exclusive UK distributor for the BiOBUDDi brand, and we are pleased to introduce this new unique, innovative and exciting range of 100% environmentally-friendly toy building blocks. We are seeking experienced sales agents with existing network in the toy retail market.

Gameplan Job Logo 620 x 349

Head of Product Development & Marketing

Our client is a privately owned French toy and games manufacturer which sells through distributors in forty countries. The company develops and sells innovative electronic interactive toys and games for the educational and gaming markets, and also takes suitable licenses. To progress its successful business development a Head of Product Development & Marketing is to to recruited.

HIT Entertainment Job Logo 620 x 349

Licensing Systems Administrator

The Contract System Coordinator is a newly created role to support the deal term entry process into Mattel’s new Contract Management System for its Licensing business. The role will support the Business Teams at the Deal & Amendment phase of the contracting process and act in conjunction with the System Administration team.