Disney4me Posted March 4, 2023 Report Share Posted March 4, 2023 We won’t even ask because we bet many of our readers own at least one Disney Funko POP! figure, if not more! Funko Pops are VERY popular Funko POP! figures have been so trendy for those of us who like the little collectibles, especially when we can get figures of characters from our favorite movies, our favorite Disney Parks rides, and even our favorite Marvel superheroes. Of course, Funko has other collectibles, too, including games, backpacks, and accessories. But is Funko fever finally fading? Well, the answer could be “yes.” According to NPR, Funko plans on throwing away $30 million worth of its inventory. Why? Well, the company can’t afford to hold onto all the inventory it’s made. Demand has gone down for the little figures and its current inventory is SO full that Funko is renting storage containers to store all the excess. Mickey Mouse Haunted Mansion Funko Figurine Funko said that by the end of last year, its inventory totaled $246 million worth of product — soaring 48% percent from a year earlier. In Q4, the company reported a loss of nearly $47 million — the year before, the company reported a $17 million profit. ©Amazon Funko is also implementing other cost-saving measures, in addition to dumping inventory. This will include a 10% cut in its workforce. So does this mean the end of Funko POPs? Well, according to toy consultant Juli Lennett, with NPD Group, this news comes as a surprise. She told NPR, “I was a bit surprised because the collectible market is one of the big stories for 2022. Collectibles were up 24%. … Funko, of course, is the biggest player in that space.” New Funko collectible Some analysts have suggested that the excess Funko inventory be donated or sent to small comic book shops that could use the revenue. Funko hasn’t exactly said HOW it plans on dumping the inventory, but we’ll keep an eye out for more details. Stay tuned to DFB for more! The Amazon Disney Deals That Will Make Your Weekend Join the DFB Newsletter to get all the breaking news right in your inbox! Click here to Subscribe! Don't Miss Out on Any Disney Fun! Order Your Copy of the 2023 DFB Guide to Walt Disney World Dining Today! With more than 900 pages, the 2023 DFB Guide to Walt Disney World Dining is full of tips and planning tools developed by Disney World experts over 30+ years of visits. We've done the research for you, so you'll know just which spots will uniquely suit your family's needs! You'll get a Reference Guide, a 101 Plan, and a Printables and Resources Guide! With mini-reviews of every single restaurant, bar, lounge, kiosk and more; an entire chapter on the best snacks in Disney World; full Disney Dining Plan analysis; and a full chapter on discounts and deals; you'll have everything you need to plan your best vacation yet. Click here to order your copy of the 2023 DFB Guide to Walt Disney World Dining E-book with code WDW2023 to save 25% off the cover price today! Use code WDW2023 at check-out for 25% off the cover price today! http://www.disneyfoodblog.com/wp-content/uploads/2016/11/ready-to-shop-button.png Our guides are backed by a 100% money-back guarantee, so you have nothing to lose. How many Funko POPS have you collected? Do you think interest in the figures is winding down? Let us know what you think in the comments!The post NEWS: Millions of Funko POP!s Could Be Headed For Landfill first appeared on the disney food blog.View the full article Quote Link to comment Share on other sites More sharing options...
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