Confusionreigns178 Posted January 18, 2021 Posted January 18, 2021 21 hours ago, oyoy5 said: We are down to one actual model shop and one HobbyTown now in my town of Louisville. Newer Kit prices are so high and shipping is ridiculous soon guess something has to give. I can sympathise. I live near to London. In a city of nine million people, we now have one real model-shop (Hannants). There used to be a model-shop on most high-streets.... all now gone, unfortunately. I think the internet and peoples' changing tastes are the main culprit. Chris. LSP_K2 1
thierry laurent Posted January 18, 2021 Posted January 18, 2021 A lot of bricks and mortar hobby shops had hard times and disappeared during the nineties whereas the Internet shopping really emerged with the arrival of the new millenium. So, I think the Internet only accelerated an existing phenomenon. LSP_K2 1
LSP_Mike Posted January 18, 2021 Posted January 18, 2021 Changing demographics are a factor as well. All adds up to the same conclusion though.
LSP_K2 Posted January 18, 2021 Posted January 18, 2021 22 hours ago, oyoy5 said: Lots of models bought a ton of Verlindens molds when they went under. Not sure how good a business decision that was since the resin figures fit I a little tough to be nice. Indeed. Izzet, a more or less local chap, and owner of LoM, told me the same thing. Some of that stuff, ammo crates, fuel cans and whatnot, still make for some nice add-on pieces to a display, so I hope he releases a lot of that stuff. Out2gtcha 1
BloorwestSiR Posted January 18, 2021 Posted January 18, 2021 My LHS said last year was one of their best years' ever in business. Lots of folks coming back into the hobby, existing modelers finding more time to build... They were fortunate in that they had started setting up their website right before the province was shut down in March. LSP_K2 and Out2gtcha 2
oyoy5 Posted January 20, 2021 Posted January 20, 2021 Chapter 7 Bankruptcy filed. Court Texas Northern Bankruptcy Court Case number 3:2021bk30105 Assets $500,001 to $1 million Liabilities $10,000,001 to $50 million Judge Michelle V. Larson Chapter 7 Filed Jan 19, 2021 Type voluntary Updated Jan 20, 2021
LSP_Mike Posted January 21, 2021 Posted January 21, 2021 No need to yell Sean. Not good. I made the big show one time, and had a blast. Too bad it seems to be over, they have been an icon since the mid seventies. ivanmoe and LSP_K2 2
Dave Williams Posted January 21, 2021 Posted January 21, 2021 To be fair, I don’t think he’s yelling. I think it was a copy-paste, and that’s simply how the source was formatted. MikeC and LSP_K2 2
LSP_Ron Posted January 21, 2021 Posted January 21, 2021 Wow, $0.5-1mil in assets and $10-50mil in liabilities!!! just wow. A lot of money being lost here.
Juggernut Posted January 21, 2021 Posted January 21, 2021 Yep, chapter 7....means liquidation, which means it’s over for them. So sad but in these times not totally unexpected.
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