Tower Hobbies
- mk-Zero
- Business Member
- Posts: 1678
- Joined: Fri Jan 03, 2014 2:14 pm
- Location: Orange, CA
- Has thanked: 4 times
- Been thanked: 19 times
Re: Tower Hobbies
From the above news story:
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.
- GoMachV
- Approved Member
- Posts: 11196
- Joined: Sun Apr 29, 2012 10:31 pm
- Location: Twin Falls, ID
- Has thanked: 765 times
- Been thanked: 2207 times
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
-
- Approved Member
- Posts: 212
- Joined: Tue Feb 07, 2012 1:57 pm
- Location: IL
- Has thanked: 9 times
- Been thanked: 9 times
- RC10th
- Approved Member
- Posts: 4230
- Joined: Sat Feb 16, 2013 9:51 am
- Location: Australia
- Has thanked: 36 times
- Been thanked: 957 times
-
- Approved Member
- Posts: 105
- Joined: Sun Nov 21, 2010 2:43 pm
- Location: Shrewsbury PA
- Has thanked: 39 times
- Been thanked: 8 times
- GoMachV
- Approved Member
- Posts: 11196
- Joined: Sun Apr 29, 2012 10:31 pm
- Location: Twin Falls, ID
- Has thanked: 765 times
- Been thanked: 2207 times
Re: Tower Hobbies
totally missed that
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
- Approved Member
- Posts: 4270
- Joined: Wed Dec 12, 2007 5:17 am
- Location: Switzerland, yannow, in Europe (or almost)
- Has thanked: 626 times
- Been thanked: 166 times
Re: Tower Hobbies
Honestly, it's pretty sad... that 400 people or so losing their jobs
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
- Approved Member
- Posts: 2834
- Joined: Sun Feb 19, 2017 3:46 am
- Location: north/central Alabama
- Has thanked: 999 times
- Been thanked: 754 times
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
- Approved Member
- Posts: 1467
- Joined: Sun Apr 16, 2017 7:29 am
- Location: Eastern Shore of Virginia
- Has thanked: 83 times
- Been thanked: 77 times
- XLR8
- Approved Member
- Posts: 2834
- Joined: Sun Feb 19, 2017 3:46 am
- Location: north/central Alabama
- Has thanked: 999 times
- Been thanked: 754 times
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
- Approved Member
- Posts: 4270
- Joined: Wed Dec 12, 2007 5:17 am
- Location: Switzerland, yannow, in Europe (or almost)
- Has thanked: 626 times
- Been thanked: 166 times
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...
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...
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
- Approved Member
- Posts: 1467
- Joined: Sun Apr 16, 2017 7:29 am
- Location: Eastern Shore of Virginia
- Has thanked: 83 times
- Been thanked: 77 times
Re: Tower Hobbies
I went thru the website the other day, looking for Associated parts for my stash... logged out.
Bum on Direct Deposit
- GoMachV
- Approved Member
- Posts: 11196
- Joined: Sun Apr 29, 2012 10:31 pm
- Location: Twin Falls, ID
- Has thanked: 765 times
- Been thanked: 2207 times
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
- Approved Member
- Posts: 890
- Joined: Tue Sep 27, 2011 9:48 am
- Location: Fort Worth, TX
- Has thanked: 12 times
- Been thanked: 152 times
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
Create an account or sign in to join the discussion
You need to be a member in order to post a reply
Create an account
Not a member? register to join our community
Members can start their own topics & subscribe to topics
It’s free and only takes a minute
Sign in
-
- Similar Topics
- Replies
- Views
- Last post
-
- 11 Replies
- 1455 Views
-
Last post by Brat
-
- 3 Replies
- 837 Views
-
Last post by fastang
-
- 5 Replies
- 1640 Views
-
Last post by badhoopty
-
- 10 Replies
- 1345 Views
-
Last post by justinspeed79
-
- 1 Replies
- 377 Views
-
Last post by call-911
-
- 12 Replies
- 483 Views
-
Last post by juicedcoupe
-
- 0 Replies
- 949 Views
-
Last post by R Cane
-
- 16 Replies
- 1913 Views
-
Last post by REMJ666
Who is online
Users browsing this forum: No registered users and 0 guests