Ye Olde Rocket Forum

Go Back   Ye Olde Rocket Forum > Work Bench > Vendors
User Name
Password
Auctions Register FAQ Members List Calendar Today's Posts Search Mark Forums Read


Reply
 
Thread Tools Search this Thread Display Modes
  #11  
Old 01-11-2018, 01:56 AM
modeltrains's Avatar
modeltrains modeltrains is offline
Intermediate Rocketeer
 
Join Date: Apr 2013
Location: Farm burg along Missouri River
Posts: 54
Default

This and the comments are worth the time to read,
http://www.uavexpertnews.com/2017/0...iants-flounder/

Quote:
Merchants Are Suffering
Merchants have gotten the short end of the stick as consumer trends and shopping habits change, and manufacturers squeeze out distributors
...
Each industry is different, but in the US most customers simply do not understand (or care) how businesses work. Most are unaware that retail hobby and electronics stores operate on profits that have been driven to less than a 20% gross margin. What this means is that a typical beginner model airplane that might sell at a store for $99.99, cost the store $79.99. But to really get the full picture you have to do all of the math. For instance that model aircraft product that sells for $99.99 at the store (and online) has the following cost associated with it.
__________________
later, Forrest "Today's scientists have substituted mathematics for experiments, and they wander off through equation after equation, and eventually build a structure which has no relation to reality." -- Nikola Tesla, Modern Mechanics and Inventions, July, 1934
Reply With Quote
  #12  
Old 01-11-2018, 08:39 AM
GuyNoir's Avatar
GuyNoir GuyNoir is offline
NAR # 19250 - Life Member
 
Join Date: Sep 2008
Location: Woodstock, IL
Posts: 320
Default

Quote:
Originally Posted by modeltrains
here's Hobbico's own web post on the matter, https://www.hobbico.com/company-news.php


The press release is pretty clear that they want to keep the company running:

"Under the process afforded to us under Chapter 11, we hope to reach an agreement with our creditors that will allow us to implement a restructuring plan that fully addresses our financial challenges while simultaneously identifying a prospective buyer that shares our vision of providing the best possible outcome for our employees and the future of Hobbico."
__________________
A dark night in a city that knows how to keep its secrets. But high above the quiet streets on the 12th floor of the Acme Building, one man is still trying to find the answers to life's persistent questions. Guy Noir, Private Eye.
Reply With Quote
  #13  
Old 01-11-2018, 09:25 AM
pterodactyl's Avatar
pterodactyl pterodactyl is offline
Opinions mine; not of NAR or MOF!
 
Join Date: May 2007
Posts: 185
Default

The Estes brand, model rocketry, and by extension the enthusiasts who love the hobby will be fine, but there will be a period of uncertainty through the Chapter 11 process.

The Estes brand is unique from almost any other aspect of the Hobbico product line. Brand name recognition and an established distribution network combined with a unique technical ability to supply rocket motors to an established marketplace make them different than almost any of the other Hobbico businesses. This will ensure their survival and the livelihood of their employees.

Estes is almost the only portion of the Hobbico operation that doesn't face stiff foreign competition. They have already jumped through all the expensive regulatory hoops that any competitor would need to surmount. There is an established and predictable demand for their products within the marketplace. Model rocketry is not a fad, it is an established educational hobby with a track record stretching over half a century.

For these reasons Estes can emerge from this temporary business uncertainty bigger and stronger than ever.
__________________
National Collection Images: G. Harry Stine Collection/The Museum of Flight. Follow YOUR National Model and Sport Rocketry Collection on Twitter: @Natl_ModRoc_Col
Reply With Quote
  #14  
Old 01-11-2018, 12:04 PM
jdbectec jdbectec is offline
the middle-aged rocketeer
 
Join Date: Sep 2006
Location: Urbana, Illinois.....the birthplace of HAL
Posts: 415
Default

Quote:
Originally Posted by pterodactyl
The Estes brand, model rocketry, and by extension the enthusiasts who love the hobby will be fine, but there will be a period of uncertainty through the Chapter 11 process.

The Estes brand is unique from almost any other aspect of the Hobbico product line. Brand name recognition and an established distribution network combined with a unique technical ability to supply rocket motors to an established marketplace make them different than almost any of the other Hobbico businesses. This will ensure their survival and the livelihood of their employees.

Estes is almost the only portion of the Hobbico operation that doesn't face stiff foreign competition. They have already jumped through all the expensive regulatory hoops that any competitor would need to surmount. There is an established and predictable demand for their products within the marketplace. Model rocketry is not a fad, it is an established educational hobby with a track record stretching over half a century.

For these reasons Estes can emerge from this temporary business uncertainty bigger and stronger than ever.


+1. Bankruptcy doesn't always mean going out of business.
__________________
Jeffrey Deem
NAR16741
CIA section 527
Reply With Quote
  #15  
Old 01-11-2018, 12:18 PM
AstronMike AstronMike is offline
Craftsman
 
Join Date: Sep 2007
Location: Lakeland, FL
Posts: 201
Default Sales Figures

You know, I wonder, if adjusted for inflation, does Estes do more or less in overall sales volume than, say, 40yrs ago?

Estes pretty much *IS* a monopoly within the business......Quest was never more than background noise......so it would seem to stand that they'd find their way out of Hobbico's 'mess' rather well.

Maybe John Boren will make a pseudo-hostile takeover and produce only the cool stuff HE wants!!

Colonel Klink voice: "You vill build these skill level 6 kits and you *vill* like it!!"
Reply With Quote
  #16  
Old 01-11-2018, 03:35 PM
Rocket Babe's Avatar
Rocket Babe Rocket Babe is offline
Sci-fi Heroine
 
Join Date: May 2015
Location: Alabama
Posts: 74
Default

>Maybe John Boren will make a pseudo-hostile takeover and produce only the cool stuff HE wants!!

I like that idea!

GO JOHN!

Verna
www.vernarockets.com
http://www.amazon.com/dp/B00HHJHOK6
http://www.amazon.com/dp/B00O14ET8K
Reply With Quote
  #17  
Old 01-11-2018, 04:21 PM
ghrocketman's Avatar
ghrocketman ghrocketman is offline
President, MAYHEM AGITATORS, Inc.
 
Join Date: Jul 2005
Location: Michigan
Posts: 8,374
Default

I also like the idea of John Boren taking over !
Maybe then we could get B14s and C5s back.
__________________
When in doubt, WHACK the GAS and NEVER touch the brake !!!
No Harm=NO Foul advocate

Pump UP the MAYHEM !

Yes, there is such a thing as NORMAL
, if you have to ask, you probably aren't
!
Reply With Quote
  #18  
Old 01-11-2018, 04:56 PM
tbzep's Avatar
tbzep tbzep is offline
Dazed and Confused
 
Join Date: Mar 2005
Location: TN
Posts: 8,376
Default

Just don't let Ba**y Tu***ck get close to Estes.
__________________
I love sanding.
Reply With Quote
  #19  
Old 01-11-2018, 06:36 PM
JumpJet's Avatar
JumpJet JumpJet is offline
Master Modeler
 
Join Date: Apr 2008
Location: Pueblo Colorado
Posts: 1,191
Default

Lets do a John Go Fund Me Fund. I don't know how many millions it's going to take to buy Estes so start sending your money in.



John Boren
Reply With Quote
  #20  
Old 01-11-2018, 07:16 PM
the mole's Avatar
the mole the mole is offline
Craftsman
 
Join Date: Mar 2005
Location: Illinois
Posts: 447
Default

Where do I go to give?
Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump



All times are GMT -5. The time now is 03:59 PM.


Powered by: vBulletin Version 3.0.7
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
Ye Olde Rocket Shoppe 1998-2018