Professional Documents
Culture Documents
SUBJECT:
MARKETING MANAGEMENT
COURSE:
LECTURER:
The factors based on the short video and the information that provided. The
factors that most significant in the downfall of Toys R Us is the new technology
advancement in this era of 2000’s. The technology advancements has causes most
of the toy stores around the world has lost its sales annually and also causes the
stores affects financially.
The new technology development is the creation of new innovative and creative
hand phones, tablets, computers and also laptops. Technology advancement is
where we can develop new app and so on, like games and social apps. In this new
technological world, kids, teenagers, adults and also old lady and man nowadays
uses smart phones and laptops to play online games and also video games.
All the people around the world are now using smart phones and so on, especially
kids nowadays are more addicted to computers and smartphones because they are
attracted to the video games and also online games. Due to this, many toy stores
around the world are going to face some problems like financially affected and also
sales problem because lack of customers are purchasing from the store. Customers
are not purchasing from the store to their kids is because, kids nowadays are
attracted towards online games.
In this new technology era, kids nowadays are not watching the toys
advertisement that will telecast in TV and also cartoon shows. This is because now
they can access for many choices of games in the App Store or Play Store. They can
also watch cartoon shows in YouTube or in any social media applications. Before
this technology advancement, they will purchase from the toy store if there is any
new cartoon or advertisement on the TV. Not only kids, parents nowadays also
addicted to such online games.
Toys R Us are not able to adapt with the new technology because they were left
behind due to the bankruptcy and paying debts. So they lost many customers and
lots of sales every year. Each one in the world has a smartphones in their hands, so
they were visiting the stores to buy gifts, toys, indoor and outdoor games and also
dolls, because they can now access everything in their smartphones. Kids loses
interest in playing toys and dolls. They are now more likely to play online and video
games which is more adventure and addictive to them. Not only kids, parents also
are now attracted to those games.
Many toy stores are now trying their best to come out with something new and
attractive to the kids. Toys R Us gets help from the investors and opened a store for
babies. It is named as Babies R Us. So, parents or future parents will get the things
for baby from their stores. This will increased the sales every year.