WWF + Channel Checks
by: Quitman_Fulmer
I did some limited channel checks here in Charleston and found the following:
Babbage: First shipment of Revenge sold out very quickly (about 25 each the sales person thought). Second shipment is also selling extremely well. Rugrats for PSN selling very well. They just got them in (he wouldn't tell me qty). I was there Friday about 2:00 pm and he said they had sold 7 each already. I forgot to ask about Gameboy.
Walmart: They sold out the first shipment (25 they thought) when they first came in. They have not yet gotten a resupply. Additionally, they have not yet received ANY Rugrats as of today (Saturday). This is very disappointing. I thought sure Walmart had a better distribution system than this. They had tons of WARZONE. THQ is misssing sales BIG TIME here. I hope this problem is limited to my area. If most parents are like me, many of these sales will be lost for good. My daughter gives me her list and if there are 2 or 3 videos or CD's on it, I don't go from store to store looking. I will buy only those I find at the store I'm in. Thus, if Revenge or Rugrats is not there, those parents (like me) will buy a substitute. Not very good!
Toys R US: I can never get any help in this store. I was there several weeks ago and was told Revenge was selling very well. While there, I estimated that there were probably 20-25 "take one" inventory slips. While there yesterday, there were only 5-6 remaining, plus there could have been reorders, but I don't know that. I could not find any Rugrats PSN, but did find Rugrats Gameboy, a few remaining.
OH, I just remembered. I have seen Quest64 at several stores (Walmart, Babbage, Best Buy) over the last few weeks at a still nice price of $50. Reorders of this title might add more than most of us would have guessed. GRAVY!
That's it for now.
Is anyone concerned that when the internet bubble bursts, the entire market will crater, taking down our jewel with it. I am very concerned. That is the only problem I see that will prevent THQ from going to the next level. If the market holds up, and after some backing and filling, IMO THQ can easily move to the $35-$40 range during the month of December. That would only be 18-20 times next year's (conservatively) projected earnings. I also believe that Brian F. will have some positive surprises for us related to new partnerships, GameFX, etc. between now and during Q1.(THat's just my gut feeling)
The best is yet to come with this company.
Q. D. |
