Amazon has filed a counter lawsuit against Toys R Us. Toys R Us last month accusing Amazon of breaching its exclusive rights for toys, games and baby stuff sold on Amazon. Now Amazon is fighting back asking for Toys R Us to pay more than $750M in damages, and for its contract with Toys R Us to be eliminated.
Amazon has filed suit in New Jersey, seeking to scrap its distribution deal with Toysrus.com and claiming $750m in damages from the online subsidiary of Toys R Us. This is a counterblast against the giant toy retailer which filed suit in New Jersey last month, accusing Amazon of breaching its exclusive rights for toys, games and baby stuff sold on Amazon. Toysrus.com has paid Amazon $200m since 2000 for co-branded solus tenancy rights for toys and baby goods on the site. On the strength of its Amazon deal, Toysrus.com stopped selling goods through its own website. Its $50m-a- year tenancy agreement expires in 2010.
Amazon claims in its countersuit that Toysrus.com "failed to effectively choose the top toys and baby products and to keep products in stock," The Seattle Times reports. "During peak holiday buying weeks last year, Toysrus.com was out of stock on more than 20 per cent of its most popular products... Only by enabling more sellers to sell these products — and only by doing so quickly, before the next holiday selling season - can Amazon.com begin to make up for (Toysrus.com's) failures to provide adequate selection and to keep top-selling products in stock."
News source: The Register
Amazon has filed suit in New Jersey, seeking to scrap its distribution deal with Toysrus.com and claiming $750m in damages from the online subsidiary of Toys R Us. This is a counterblast against the giant toy retailer which filed suit in New Jersey last month, accusing Amazon of breaching its exclusive rights for toys, games and baby stuff sold on Amazon. Toysrus.com has paid Amazon $200m since 2000 for co-branded solus tenancy rights for toys and baby goods on the site. On the strength of its Amazon deal, Toysrus.com stopped selling goods through its own website. Its $50m-a- year tenancy agreement expires in 2010.
Amazon claims in its countersuit that Toysrus.com "failed to effectively choose the top toys and baby products and to keep products in stock," The Seattle Times reports. "During peak holiday buying weeks last year, Toysrus.com was out of stock on more than 20 per cent of its most popular products... Only by enabling more sellers to sell these products — and only by doing so quickly, before the next holiday selling season - can Amazon.com begin to make up for (Toysrus.com's) failures to provide adequate selection and to keep top-selling products in stock."
News source: The Register
One of my favorite rumors is the introduction of a 30-inch HD Cinema Display. This has been floating around the web as speculation since July 2003. So the rumor goes, Apple’s Cinema Display will no longer have the “Fisher Price” plastic look. Instead it will sport an aluminum frame (brushed metal look). With a speculated resolution of 2560 x 1600 pixels (viewable area of 29.7 inches), it will certainly be one beast of a monitor. However, interestingly enough it will use DVI format as opposed to Apple’s own Apple Display Connector (ADC) format. This switch to DVI will help to sell this display especially for Windows users. Considering its price I’d say it needs to be. This monitor might also be changing Apple’s monitor lineup; Apple could be looking to revise it to a 30-inch, 23-inch, and 20-inch monitor, and dropping their older and smaller models. This new display is expected to run for $2,999.
One of the most widely spread rumors is about Apple’s world famous iPod. Essentially, it goes along the lines that the new product will pack a color screen; OLED or LCD, this feature would certainly make a nice product really top notch. Another rumor regarding the next generation iPod is that Apple will announce a 60 GB hard drive version (inline with the new hard drives that Toshiba have recently announced, and had been previously used on other iPod versions). It's also widely rumored that the next generation iPod will be a video iPod. This one seems pretty unlikely (although clearly not impossible); Steve Jobs has said countless times that watching any video on such a small screen isn't a good idea.
In reality, little is known about what’s going to be announced prior to the event. Apple most likely leak little bits if only to fuel speculation and interest. In 3 days we'll know for sure what Apple has been keeping secret for so long.
I don't blame them one bit for the countersuit, actually.
It all depends upon the contract, but Amazon will probably win this.
Toy's R US revenue has gone down by over 40% in the last decade. Why? People are having less children.
It was in the paper today.
No, it's because of Wal-Mart. plain & simple.
Down 40% over past 10 yrs, and 10yrs ago is when the first Supercenters started popping up. True WalMart sold toys before then, but nothing compared to what the Supercenters did for sales.
Every holiday season WalMart keys in on toys as their loss-leader... something no toy store can do with toys being their only product.
Toy manufacturers have even gone to great lengths to limit WalMart's market share by offer exclusive deals to Toy-r-Us & other chains in order to keep them afloat.
In early 2004 2 toy chain went under, and a third filed bankruptcy... not because of less children, but because of WalMart's 2003 attack on toy pricing.
I quit after 2 weeks.
That sounds like something from a Ben Stiller or Will Ferrell movie.
Geez! gimme a break.
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