





|
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Toy in the News |
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| Toy-R-Us is Sold & Likely Import Duties on Imports from China |
June, 2005 |
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Greetings!
Toys have recently been in the news.
There
are a couple of significant, newsworthy items that
may impact us all. We've already noticed a positive
change. How long it lasts is anyone's guess...
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Toys-R-Us is Sold |
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With the recent sale of the Toys-R-Us retail
chain to a group of investors, one of which is a real
estate developer, it is believed that the acquisition
will lead to most Toys-R-Us stores being liquidated
and the real estate sold or leased for other
use.
We have already seen a significant
increase in many manufacturers' orders either being
postponed or cancelled altogether. As you may or
may not know, this is how we obtain most of our
toys. In recent weeks, the quality of toys
purchased by us has been much improved
and we have noticed a significant increase in the
offers made to us. As you can imagine, this is of
great benefit to us and to our customers. How long it
lasts is anyone's guess.
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Import Duties on Toys from China Likely |
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The Bush administration has accused China of
currency manipulation in order to make Chinese-made
goods sold by U.S. retailers artificially
cheap.
With 81% of the toys imported into
the United States, or $47 Billion per year,
manufactured in China, this will undoubtedly affect
each and everyone of us. The U.S. congress has
threatened to impose penalties of up to 27.5 percent
on everything China exports to the United States
unless Beijing revalues its currency.
If China
does not act, imports from there will cost
27.5% more than they currently do.
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In conclusion |
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If you have been thinking of buying new, overstock
toys, there may not be a better time to do so than
right now...
Not only are they 27.5%
cheaper, the selection is the best that we've seen
since early, 2003!
Save $49 on our Discount
Pack1 Over our Sample Pack and receive twice as
many toys! Place your Toy Discount Pack 1 order
right now! You'll be thrilled that you did!
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