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Retail watch: Anxiety at Lego

  • Nobody knows toys like Lego which means anxiety emanating from the Denmark-based company might be cause for concern amongst retailers.
  • Though consumers have stepped up spending on automobiles, housing, and electronics - the early reads on holiday spending have been poor.
  • Lego CFO John Goodwin says this year is the "greatest stress test" the company has seen as it banks on the theory that consumers will shop late and shop often this holiday season.
  • He adds it's difficult to ascertain why consumers are holding off so much this year.
  • Retailers carving out a decent amount of space for Lego include Kmart (SHLD), Target (TGT), Wal-Mart (WMT), and Barnes & Noble (BKS).
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Comments (2)
  • micium
    , contributor
    Comments (116) | Send Message
     
    He might need to change that terminology from "holding off" to "not spending".
    13 Dec 2013, 11:44 AM Reply Like
  • rube123
    , contributor
    Comments (1588) | Send Message
     
    Walmart had great holiday sales,

     

    maybe Sears and Kmart can take some of those legos and use them to do their redevelopment .

     

    fast eddie shouldn't have to sell to much AN for that

     

    I wonder if legos makes data centers too......LOL
    13 Dec 2013, 06:03 PM Reply Like
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