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2006-11-11 Europe
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Lego Shortage This Christmas??
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Just FYI to all the aunties, uncles, grannies and grampies on the 'burg...
Children hoping to get Lego toys for Christmas may be in for a disappointment.
The Danish toy maker is having a hard time keeping up with demand for its popular plastic building blocks as toy stores stack their inventories for the Christmas season, company officials said Tuesday.
"Many of our most popular products are sold out," Lego spokeswoman Charlotte Simonsen said. "As part of efforts to restructure the company and focus on our core business, we had to make some cuts and the company has not had time to readjust its production."
Simonsen declined to say how many orders had been turned down, but said the restructuring changes had affected the production of Duplo bricks and boxes with Lego City, Star Wars and Lego Technik sets.
The Billund, Denmark-based group has been trimming its staff at home and abroad since starting a restructuring program four years ago. Part of its production and distribution has been moved to countries with lower wages than Denmark, including the Czech Republic and Mexico.
In 2005, Lego sold its four Legoland amusement parks in Denmark, Britain, California and Germany to the U.S.-based private-equity group Blackstone Capital Partners.
Boersen, Denmark's leading financial newspaper, estimated that Lego could lose 750 million kroner ($127 million) because of lost Christmas sales. But Mads Nipper, a vice president at Lego in charge of marketing, said that figure was too high.
"We don't know what the Christmas sales will be like until Christmas is over," Nipper said.
The group posted a net profit of 505 million kroner ($86 million) in 2005, compared with a net loss of 1.93 billion kroner in 2004, on strong sales led by its Bionicle line of snap-together creatures. 
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Posted by Swamp Blondie 2006-11-11 09:05||
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Posted by Shipman 2006-11-11 16:03||
2006-11-11 16:03||
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Posted by Tholung Fleregum9501 2006-11-11 21:19||
2006-11-11 21:19||
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