Funko to trash $30 million in merchandise as demand for collectible toy dips

Funko Pop toys were once a sought after collectible in the U.S., but a sharp plunge in their value has the company sending the figurines to the trash heap. it plans to"eliminate" between $30 million and $36 million worth of the vinyl figurines. Funko said it will trash its overstock of collectibles during the first half of this year.

"We went after the oldest inventory first," he said during a conference call last week with analysts and investors."Again, inventory that we felt like we could sell over time, but due to the operational constraints, it's just better to get out of it." Funko is a Washington-based company that focuses on nostalgia toys. It opened in 1998, went public in 2017, and now employs 1,466 across Asia, Europe and North America. The company also sells backpacks, board games, books, non-fungible tokens and wallets.

Never heard of them?

It’s the only one I own 😀

Funko Pop = Beanie Babies = Tulip Mania

You can't say it's $30 million worth of toys if they're so worthless that they can't even give them away.

Never heard of it. I don't have kids.

I love those! They should do what other retailers do and have an outlet store or Ebay.

Sell them cheaper ?

Seriously, nobody wants to buy presidential candidate dolls from 2016?

Why not just give it away

DanNerdCubed if they are selling them cheap you should do your own Funko advent calendar for Ashens. Next year

Capitalism is a disaster

i have over 300 Funko’s (all unopened in original packaging). what does this mean for my investment?

Should be criminal to produce this much waste. EPA

T®ump w0n.

They over saturated the market w a million different funkos. You’d think these companies would learn.

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$30M of Funko Pop! toys to be thrown in the trashThirty million dollars worth of Funko Pop! figures — those big-headed, vinyl pop-culture dolls — will soon make their way into the hands of a new collector: The garbage collector. Fads don’t last. Reminds me of Beanie Babies. Maybe they could donate to children’s charity or something. Send to orphanages in 3rd world countries.
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