Disney has been in business for such a long time. The name can be associated with T.V shows, movies, games, toys and clothes. But as of lately one of the most prominent stores are being closed down. Why you may ask? Well, I have the answers in the simplest form.
Retail advisors Goldman Sachs and Bear Stearns have given Disney good advice for 3 years. Both banks have worked with Disney on 4 of its biggest transactions. Disney knows that surely Sachs and Stearns are good business partners. Because of this, they have also been hired to help Disney in the selling of its stores.
The reason in which Disney wants to sell their stores is concerning money. Profits have dropped 38%, from approximately $140 million to $53 million. Revenue has also dropped recently 14%, from approximately $3570 million to $500 million. This amount of net-loss is extreme and has passably hurt the business. 
Though the Walt Disney Company is the second largest U.S. media company and they have 480 stores (374 in North America and 106 in Europe), if they decided to sell the to banks, each bank will make about $1oo million more than the Disney stores has made. 
Very interesting is the fact that no one wanted to comment on the Disney situation: - Disney consumer products spokesman, Gary Foster, declined to comment.
Alan Schwartz, present of Bear Stearns, hasn’t returned any phone calls.
Goldman Sachs spokesman, Andrea Rachman, also did not comment.
Though Walt Disney Co. will be closing down stores, this not mean that they have fully died out. Disney has licensed agreements from retailers such as K-Mart and Wal-Mart stores Inc. Their brand will be sold. Everything from backpacks and shirts to jeans and other things having to do with Disney characters. 
Though Disney storeowners feel that it’s mandatory to close, the people do not feel this way. When asked the question, how do you feel about Disney Stores closing? this is what Rachael, age 28, from the Bronx had to say: “ I buy my little boy’s toys from there (for every occasion). He loves Mickey Mouse and now I can’t buy him nothing Mickey Mouse because stores are closed”. I told her that she could buy Mickey from Disney stores because it seems more official. 

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written by sadiya saima begum, November 06, 2009

i loveee up
its the greatest thing in the world
thanksfor puting up on disney

[u][b][i][/i][/b]loove

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