Tower Hobbies
- mk-Zero
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Re: Tower Hobbies
From the above news story:
![Shocked :shock:](./images/smilies/icon_eek.gif)
Wow, I'm no accountant, but that don't sound good!Hobbico said it has an estimated 200 to 999 creditors, $10 to $50 million in assets, and $100 to $500 million in liabilities.
![Shocked :shock:](./images/smilies/icon_eek.gif)
- GoMachV
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Re: Tower Hobbies
maybe they should go on shark tank. Mr Wonderful could turn them around
It's time to stand up to the bully. Support the companies that support the industry, not the ones that tear it down. Say no to Traxxas
Factory Works website
Factory Works website
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- RC10th
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- GoMachV
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Re: Tower Hobbies
![Laughing :lol:](./images/smilies/icon_lol.gif)
It's time to stand up to the bully. Support the companies that support the industry, not the ones that tear it down. Say no to Traxxas
Factory Works website
Factory Works website
- Lonestar
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Re: Tower Hobbies
Honestly, it's pretty sad... that 400 people or so losing their jobs ![Confused :?](./images/smilies/icon_confused.gif)
![Confused :?](./images/smilies/icon_confused.gif)
AE RC10 - Made In The Eighties, Loved By The Ladies.
Blue Was Better - now, Blue Is Bankrupt.
Facebook affiliate program manager: "They go out and find the morons for me".
Life is short. Waste it wisely.
Blue Was Better - now, Blue Is Bankrupt.
Facebook affiliate program manager: "They go out and find the morons for me".
Life is short. Waste it wisely.
- XLR8
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Re: Tower Hobbies
Yes it is very sad. However, they can come to Alabama and we'll put them to work. It was just announced a couple days ago that Alabama has won their bid to receive a new $1.6 billion Toyota/Mazda assembly plant that will employ 4000 workers by 2021.
That said, I haven't totally given up hope for Hobbico. Their brands are iconic and they have huge market presence so I'm hopeful that some investor out there will pick them up. Recall what happened to Chrysler after the great economic meltdown. Like the auto industry, RC is a tough market these days but other retailers are making it work and, under the right management, Hobbico can too. It will become an enormous challenge for them to win back the suppliers they have lost.
That said, I haven't totally given up hope for Hobbico. Their brands are iconic and they have huge market presence so I'm hopeful that some investor out there will pick them up. Recall what happened to Chrysler after the great economic meltdown. Like the auto industry, RC is a tough market these days but other retailers are making it work and, under the right management, Hobbico can too. It will become an enormous challenge for them to win back the suppliers they have lost.
Doug
- NomadRacer
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- XLR8
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Re: Tower Hobbies
Yeah, I also received one of those Speedmart flyers yesterday. It's extremely thin but I was surprised to see Associated is still represented.
Doug
- Lonestar
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Re: Tower Hobbies
They've got some pretty sweet coupons, too, these days!
sucks that there's nothing in stock
for a good reason
If they have $10M of assets and half a bil of liabilities, this means they've been turning losses for quite a while...![Rolling Eyes :roll:](./images/smilies/icon_rolleyes.gif)
sucks that there's nothing in stock
![Mr. Green :mrgreen:](./images/smilies/icon_mrgreen.gif)
for a good reason
![Confused :?](./images/smilies/icon_confused.gif)
If they have $10M of assets and half a bil of liabilities, this means they've been turning losses for quite a while...
![Rolling Eyes :roll:](./images/smilies/icon_rolleyes.gif)
AE RC10 - Made In The Eighties, Loved By The Ladies.
Blue Was Better - now, Blue Is Bankrupt.
Facebook affiliate program manager: "They go out and find the morons for me".
Life is short. Waste it wisely.
Blue Was Better - now, Blue Is Bankrupt.
Facebook affiliate program manager: "They go out and find the morons for me".
Life is short. Waste it wisely.
- NomadRacer
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Re: Tower Hobbies
I went thru the website the other day, looking for Associated parts for my stash... logged out.
![Neutral :|](./images/smilies/icon_neutral.gif)
Bum on Direct Deposit
- GoMachV
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Re: Tower Hobbies
This was just posted by a user on Facebook
It's time to stand up to the bully. Support the companies that support the industry, not the ones that tear it down. Say no to Traxxas
Factory Works website
Factory Works website
- limestang
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Re: Tower Hobbies
Is the rc market actually shrinking or is there just more competition? There seems to be more brands, types and models than ever.
I wish the best to Tower Hobbies - They have been a great source of RC for me.
- Limestang
I wish the best to Tower Hobbies - They have been a great source of RC for me.
- Limestang
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