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Funko sending $30M of its products to a landfill
- Thread starter Revolutionary
- Start date
TheInfamousKira
Reseterror Resettler
That would probably just exceed the break even scale.
Probably safer to just launch them into space so Four billion years from now a space faring alien race can find them on the edge of the galaxy and finally have the excuse they need to use their doomsday tech and open a black hole right smack on top of Earth.
Jinzo Prime
Member
I got a friend who is a hard-core collector of Funkos. Keeps a spreadsheet of what he has and what he needs to get or sell. Wonder what he's going to do if the Funko market hits Benie Baby territory.
chromhound
Member
Discount?...
BlackTron
Member
And devalue the brand even further??!
Value of inventory is recorded as the lower of cost and market price. $30 million of Funko pop inventory is probably 8-16 million figures. What children's charity is prepared to take on that level of inventory much less distribute it across the nation to children in need? Simply destroying the items for the write off is easier and more benefifical for accounting purposes.
The original press release says "write down" which implies that the inventory loses value rather than becomes completely worthless. Funko may sell the unwanted stock below cost to bulk retailers, scrappers, or whomever will pay something to try an recoup cost. The "landfill" bit is editorialized by the gaming publications all referencing each other. It's omitted from the primary source.
The original press release says "write down" which implies that the inventory loses value rather than becomes completely worthless. Funko may sell the unwanted stock below cost to bulk retailers, scrappers, or whomever will pay something to try an recoup cost. The "landfill" bit is editorialized by the gaming publications all referencing each other. It's omitted from the primary source.
invisible_face
Neo Member
Where they belong
Doom85
Member
Nendoroids are far superior. They used to be more limited in variety since at first they were only anime, but now they cover anime, video games, movies, comics, cartoons, etc. Yes, they cost quite a bit more than a POP, but if you’re going to be displaying a figure, might as well have a good looking one and 99% of POPs look terrible (there are a few good ones like Overwatch’s Wrecking Ball having an amazing one. The (Fullmetal Alchemist) Alphonse Elric one with him holding the kittens was pretty good too).
But yeah, for those willing to spend some extra dough, feel free to join the Nendoroid express. We have fun here.
But yeah, for those willing to spend some extra dough, feel free to join the Nendoroid express. We have fun here.
Majima Everywhere System
Member
That Shantae figurine aint cool, take it away
Heimdall_Xtreme
Jim Ryan Fanclub's #1 Member
Heimdall_Xtreme
Jim Ryan Fanclub's #1 Member
Poor children don't deserve to have those junk toys, it's not their fault.
Toons
Member
Because that costs money and funko, while their products are neat little gossamers is a corporation.
Honestly I would get behind a petition to stop this from happening.
Donate that s***. Wouldnt be hard. It would be expensive but they can afford it.
Dirk Benedict
Member
This brand was always garbage. I am glad it's meeting the Point Z to demise.
GeekyDad
Member
Bitmap Frogs
Mr. Community
There are some interesting looking ones out there.
One in particular I do fancy but it was a limited edition and it costs 150 bucks on ebay so fuck that.
Image all the resources/energy wasted and generated pollution just for that shit.
How am I supposed to help the environment and global warming with that wild shit happening?
Same goes with all that plastic tad shipped from China around the world, it's impossible to compensate for that on an individual level.
How am I supposed to help the environment and global warming with that wild shit happening?
Same goes with all that plastic tad shipped from China around the world, it's impossible to compensate for that on an individual level.
StreetsofBeige
Member
It's aimed at nerdy manbabies and any adult who wants cutesy toy on their shelf. No doubt anime lovers too given the looks of them with giant heads.
That's why the racks of Funko toys are aimed at the video game and electronics sections of stores. And not the kids toy section like Barbie and Beanie Babies.
Funko: Fun Stock To Ride (NASDAQ:FNKO)
The average age of our consumer is 35. The global business of pop culture is more than $0.5 trillion annually.
Surprisingly, Funko is appealing to a wide demographic. The company reported that the average consumer is 35, which is a fantastic group to target as they tend to have disposable income and the $10 -$15 price tag of each Funko tends to be insignificant.
[I'll remind you that the average age of our consumer is 35. In addition to dominating this adult demographic of fandom, Funko plans to continue increasing our offerings for younger audiences.]
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DadEggs
Member
Thats why individual level environmental conservatism is pointless, aside from i guess the self-fulfillment aspect.
You as a consumer cannot make a significant environmental impact in the grand scheme of things. You want to believe you can. But you cant. Its a farce. Big govt and corps want you to think can help, but its just an agenda and marketing to benefit them in other ways. Until its heavily and strictly regulated at a global or national level then just do what makes you live comfortably.
HoodWinked
Member
it might be that they can't really donate them because it may be like the muffin stumps from Seinfeld where the excess stock is niche figures which recipients would dislike.
OmegaSupreme
advanced basic bitch
I like them. Not sorry about it. They do seem to be heading the way of beanie babies though. We'll see.
TDiddyLive
Member
it might be that they can't really donate them because it may be like the muffin stumps from Seinfeld where the excess stock is niche figures which recipients would dislike.
Pegasus Actual
Member
Because they're Toys for Manbabies, not Tots.
20cent
Member
They look way, way better.Nendoroids are far superior. They used to be more limited in variety since at first they were only anime, but now they cover anime, video games, movies, comics, cartoons, etc. Yes, they cost quite a bit more than a POP, but if you’re going to be displaying a figure, might as well have a good looking one and 99% of POPs look terrible (there are a few good ones like Overwatch’s Wrecking Ball having an amazing one. The (Fullmetal Alchemist) Alphonse Elric one with him holding the kittens was pretty good too).
But yeah, for those willing to spend some extra dough, feel free to join the Nendoroid express. We have fun here.
That's still plastic garbage though.
They are also sold 3-5x the price of Funko stuff, for a smaller size.
Dirk Benedict
Member
It's aimed at nerdy manbabies and any adult who wants cutesy toy on their shelf. No doubt anime lovers too given the looks of them with giant heads.
That's why the racks of Funko toys are aimed at the video game and electronics sections of stores. And not the kids toy section like Barbie and Beanie Babies.
Funko: Fun Stock To Ride (NASDAQ:FNKO)
The average age of our consumer is 35. The global business of pop culture is more than $0.5 trillion annually.seekingalpha.com
Surprisingly, Funko is appealing to a wide demographic. The company reported that the average consumer is 35, which is a fantastic group to target as they tend to have disposable income and the $10 -$15 price tag of each Funko tends to be insignificant.
[I'll remind you that the average age of our consumer is 35. In addition to dominating this adult demographic of fandom, Funko plans to continue increasing our offerings for younger audiences.]
This data is disturbing. You said it yourself, fucking directed at manbabies. Otaku Wannabes. Lol..
