Build-A-Bear Australia Placed into Voluntary Administration, 10 Stores to Close within 2 Weeks

spackbace on 14/03/2019 - 13:33
Last edited 14/03/2019 - 13:35

https://www.smartcompany.com.au/business-advice/strategy/bui…

Bit sad really. As a parent of toddlers, they love their bears we bought a few years back as part of a deal. The staff were always really friendly. Yes, the clothing/accessories was where they wanted to make their money, but was just a good novelty thing for young kids.

The company has 30 stores and other retail outlets across Australia, with 10 of those set to close over the next two weeks. Those stores include the ones at Logan Hyperdome, Kawana, Mt Ommaney, Werribee, Eastland, Garden City (WA), Carousel, Marion, Green Hills and Miranda.

The remaining stores will continue to trade normally, administrators say, and staff will continue to be paid normally. Gift cards will also continue to be honoured.

Toys & Kids

Related Stores

Build-A-Bear
Build-A-Bear

Comments

  • relentless on 14/03/2019 - 13:39
    +13

    Third building company this week.

    • dcep on 14/03/2019 - 13:47

      care to elaborate ?

      • relentless on 14/03/2019 - 13:57

        A sign of the times. This is the third business I've seen recently that has gone bust. When I said building, I meant housing building and teddy building.

        • blitz on 14/03/2019 - 15:40
          +5

          This is the third business I've seen recently that has gone bust.

          Really gives you paws for thought.

      • [Deactivated] on 14/03/2019 - 14:01
        +4

        Whoosh.

        • relentless on 14/03/2019 - 20:16

          care to elaborate ?

          I get it now…elabearate, you had me scratchin'

      • [Deactivated] on 14/03/2019 - 14:17
        +14

        It's a bear market.

  • djones145 on 14/03/2019 - 14:03
    -1

    guess giving away a free bear to kids last year didnt help
    guess no one got assessories and just got the bear for a few bucks

  • boomramada on 14/03/2019 - 14:36
    +4

    Niche market, once all the parents done with their Bear building, game over.
    Need a ecosystem to business to grow.

    • 87percent on 14/03/2019 - 14:46

      its not the bears that killed it, its the cost of the costumes

      • battler on 14/03/2019 - 15:06

        can't imagine the rent at Westfield (etc) did them any favours.

        • [Deactivated] on 14/03/2019 - 15:35

          What does a small shop at a good Westfield cost? Does it vary across the shopping center depending on locatiom?

          • boomramada on 14/03/2019 - 16:46

            @[Deactivated]: It does, small shop, less customers (Niche product), higher rent price, not doing any favours to the business.

          • jimbobaus on 15/03/2019 - 19:14

            @[Deactivated]: Kiosk at Chadstone is around $140-200k a year depending on size.

  • MITM on 14/03/2019 - 15:11
    +3

    Pooh

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