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Subject: 
Re: Lego Lays Off 160, Citing Slow Sales
Newsgroups: 
lugnet.mediawatch
Date: 
Wed, 5 Feb 2003 03:06:19 GMT
Viewed: 
1115 times
  

In lugnet.mediawatch, John Radtke writes:
Lego Lays Off 160 Workers, Citing Slow Christmas Sales in U.S., Germany

The Associated Press

COPENHAGEN, Denmark Feb. 3 —
Danish toy maker Lego said Monday it cut its work force in Denmark by 161
because of a slowdown in retail sales during the Christmas holiday in
Germany and the United States, two of its major markets.

The slow sales resulted in an oversupply of stock still in its warehouses,
the company said.

I wonder how much of that overstock is Galidor?

"With consumer optimism flagging, especially in the United States, we have
no option but to trim production to current warehouse stock levels," said
Poul Plougmann, Lego's chief operating officer.

Famed for its interlocking plastic building blocks, Lego has expanded in
recent years with electronic activities.

Time to get back to basics?

I hope so.

Allan B.

   
         
   
Subject: 
Re: Lego Lays Off 160, Citing Slow Sales
Newsgroups: 
lugnet.mediawatch
Date: 
Wed, 5 Feb 2003 04:45:46 GMT
Viewed: 
1454 times
  

In lugnet.mediawatch, Allan Bedford writes:

I wonder how much of that overstock is Galidor?

I'm betting lots and lots. I know no kid that likes that show...

Time to get back to basics?

Hopefully the 2003 line stuff we've seen is a portent of better things to
come...

 

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