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Subject: Disney Stores in the UK

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Date Posted: 05:46:42 05/23/03 Fri

Thought people in the US might be interested in what is being reported on the Disney Stores in the UK.

Sky News, has reported the following:-

DISNEY MULLS STORES SALE

Disney is considering selling off its 60 UK high street stores.

The move is part of a wider plan which could see the sale of 106 Disney stores across Europe and 522 in North America.

The corporation is struggling to tackle the effects of weakness in the retail sector.

The group has already cut 25% of its shops in North America and sold its Japanese outlets to Oriental Land, operator of Disneyland, Tokyo.

Earnings slip

But earlier this month Disney reported that its consumer products division had seen revenues slide 14% to �306m in the three months to March 31.

That was because of the soft retail market in North America.

A statement from the company added that further closures in North America were on the cards as it prepares the chain for possible sale.

Any sell-off would see a retailing specialist continue to operate the brand and pay Disney a royalty, as is already the case in Japan.

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[> Subject: Japan stores and their park seems to be have lots of great merchandise. Let's hope any change that is made will be for the better (and not worse!) I would sadly miss not collecting Disney anymore!
Author: HM [ Edit \| View ]	Date Posted: 05:53:57 05/23/03 Fri