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I think a bigger player was the known issues with Nexo Knights not taking off as they expected as it entered its second year, and the bloat, and ensuing drag on sales and production, of the TLBM line. There was certainly other stuff too, like a possible under-performance of the Super Heroes Girls line, but stuff like the better than expected performance of the TLNM line likely balanced that out. On the positive side, they ARE being more aggressive with their reactions to some of these things, cutting off sets (AoH) and whole themes (Nexo Knights) earlier than planned when they are seriously under performing, so I don't think these issues are something that will become endemic, but we'll see soon enough I guess.
https://www.telegraph.co.uk/business/2017/03/09/lego-reports-highest-revenue-85-year-history/
Lego has reported the highest revenues in its 85-year history even as profits returned to a more “sustainable” level after years of double-digit growth.
Sales in 2016 rose 6pc on the previous year to hit a new high of 37.9bn Danish kroner (£4.4bn), although in the previous year they had shot up 25pc. The brick toy company's profit rose 1.7pc to 12.2bn kroner last year.
Bali Padda, the first non-Dane to be in charge of the company, said he was satisfied with the toy maker's performance during 2016, despite slowing growth in the second half.
2015 had 25% growth in sales and 2016 6% on top of that. It is hardly surprising that they have not been able to retain growth and in fact shrunk back slightly.
Just think, they could have had "satisfactory" growth of 6% in 2015, 2016 and 2017 and actually be in a worse off position than now and nobody would be talking about it as LEGO would have continued to grow their sales every year.
2015->2016 = growth decreased by 19%
2016->2017 = growth decreased by 13%
This is a non-significant analysis, of course, but my common sense tells me that a 25% growth is not sustainable. This may just be course correction (I'd have to look at stats previous to 2015).
15% 2014
11% 2013
25% 2012
17% 2011
37% 2010
22% 2009
It was double digits for about a decade before 2016.
I don't know that looking forward to it is the right way to say it, but I am extremely interested to see how this Christmas season is going to play out with TRU gone from the marketplace. Walmart (at least around me) is extremely hit or miss. Target does a better job of maintaining stock. Neither excel at marketing toys.
I'm curious what the approach will be for Lego with the TRU exclusives. Do they go it alone and simply only have them at their stores and Shop at Home or do they seek a deal with a retailer similar to what they had with TRU. Time will tell.
All I can guess is people like the cheaper than Lego store prices that they can get elsewhere. If true, then it's really just a matter of price preference, than product availability.
Obviously wait times are not that long if you order on amazon or nationally, but having to wait once ordered can kill the enjoyment for a kid.
While fanciful, an alternative might be closer than it sounds. Download plans and 3D print it.
And with Amazon, you can get them one and email them the info without ever getting off your chair (:
For us AFOLs it's relatively easy to judge a set based on piece count, price, theme and an image of the box+built model. For children wanting a birthday present, or grandparent looking for one it might not be quite so easy, especially if Lego is not the only option - my son likes Lego a lot, but also likes Hot Wheels, action figures, console games, puzzles etc.
B&M stores are really useful in this regard as you can see where your money goes. After that you might say "OK, we're having this set - let me search for it on Amazon" and there is even an image search in the app for just this scenario, but without the physical store you could be guessing at the value of a toy.
(Just not one that has a $5B debtload as a result of 15+ years of mediocre to bad corporate management.)
I know that a lot of people say they only want giftcards (mid to older kids included), but I think for most of them, if you could get them something they really wanted, ie something they would have purchased with that gift card anyway, then they would rather have that. There's a lot of intangibles around receiving a great gift that you just can't get out of getting a gift card I think.
Of course, as a mature 10 year-old, I'm sure that your kid would never admit to something so uncool :P
Yeah, he's too busy trying to figure out how to get a Tesla, be a YouTube star, become the Black Panther, and start a clothing line with the Rock.
(Assuming those things are still cool, or are cool or were cool.)
I've never really understood the point of a gift card, you might as well just give cash if you cannot think of a gift.
I DON'T think a gift should be any of "it's what you asked for" kind of thing. For example, "what do you want for your birthday?", "I want X", "Happy Birthday, I got you X". I mean - that's just LAME. Besides being lazy on the part of the giver, it smacks of entitlement on the part of the recipient - IMHO. I think the whole concept of maintaining and providing someone with a list of things you want, or a list of things to choose from, when giving them a gift is utterly ridiculous.
I think a gift should be more of a symbolic representation of the relationship you have with the person. Finding a suitable gift should be an exercise in thoughtfulness - expressing your knowledge and understanding of the recipient. You shouldn't ASK them what they "want". You should give them something that you think they will want or what you think they can use (even if they don't realize they want/need it) - based on your understanding of that person. It should be more personal. Sometimes you will get it wrong. Sometimes you may get it right - and when you do, it's a way more satisfying event than just giving someone something that was asked for. In short, I'd sum it up this way:
- If you want X, then go buy yourself X
- If you can't put some thought into it, no need to get me a gift - but thanks anyway
- If you don't have much of a personal relationship with someone, then by all means, give a gift card, since it is just a "transaction" at that point anyway
FWIW, I agree with you about gift cards. Nothing says, "I'm lazy" or "I'm giving you something basically just because I'm expected to" more than giving a gift card (or cash) as a gift. There are some practical reasons that are possibly exceptions. One is a case of where shipping would be involved. If you're living in Alaska and you want to give a gift to someone in Virginia - you can easily blow a lot of "gift money" just on shipping it down there, if you're talking about buying locally, boxing it up and putting it in the mail (or UPS, or FedEx or whatever). Alternatively, you can order something on-line and have it sent to the recipient - and maybe pay less in shipping, or no shipping at all....but then you have the issue of maybe not having the best address to ship to, or maybe receiving packages is inconvenient (stuff that has to be signed for, or sent to a communal address, etc.). All-in-all, a gift card to Amazon (or wherever) can be a perfectly reasonable option.So she literally asks me "What do you want?"
Just trying to bring this thread back from the brink.
I'm sure the Forum Police will be stopping by to break up any off-topic fun.
Anyone want some counterfeit aliexpress gift cards for spending on Lepin and POGO?
Nobody wants the confusion of asking for a sexy sect set.
Also, the Bugatti Chiron copy is already up for pre-order. With pictures. Before the official Lego release.