It been reported the Toys R Us are shutting down all their stores, even though and investor as trying to buy up the stores. The short answer what went wrong is in a down trending market, Toys R Us decided to go private and over leveraged its self with debt used in the buyback The problem with leveraged buy outs is they do not work. Toys R Us soon found itself unable to service it debt and eventually went bankrupt.
One may ask what does this have to do with Sanrio and Hello Kitty. Toy R US has to do with Sanrio grand plan to rely big box stores, post closing all of their retail stores. The plan worked for a while, big box retail stores like Target, Best buy had carried Hello Kitty items, that is until the retails stores dropped Sanrio and gave the shelf space to the next big thing. That left Toys R Us as the only reliable seller of Hello Kitty, even though I felt it was a lower quality that what Sanrio stores carried. Now with the sinking of Toys R Us where that leaves Sanrio in the United States? Perhaps Sanrio can admit they made a huge mistake.
Akab News 1 Apr 2018.
Don’t call Hello Kitty a Girl. Sanrio announces release of Gender Fluid and Gender Neutral collaboration. The initial release will feature Hello Kitty. “It is a known fact Hello Kitty does not have a mouth because they want people to “project their feelings onto the character” and “be happy or sad together with Hello Kitty. We are taking the next step in allow people to self identify Hello Kitty’s gender in a wide range of the gender spectrums. We are appealing to today gender reality and sensitivity. “, quote a spokes person for Sanrio.
Most LGBT activist approve of Sanrio bold move while a few Gay and lesbian and feminist groups criticize about pandering to “That group”. Gender Neutral releases of other characters including Batz Maru, My Melody will follow.
SANRIO, best known for global icon Hello Kitty® and home to many more endearing characters including Chococat®, My Melody®, and Keroppi®, is celebrating its 50th Anniversary this year. August 2010 marks the golden anniversary for the worldwide lifestyle brand that was founded on the “small gift, big smile®” philosophy – that a small gift can bring a big smile to people of all ages. Today, over 50,000 Sanrio-branded items are sold in over 70 countries around the world, please visit www.sanrio.com.