Tower Hobby, a retailer of remote control aircraft, cars, and boats, announced in February of 2018 that it was closing its doors after more than 40 years in business. At the time of the closure, Tower Hobby Scratch and Dent, the company’s outlet store, was still in operation.
Now, nearly a year after Tower Hobby’s closure, the future of Tower Hobby Scratch and Dent is in question. The store’s website is still online, but it is not clear if the store is still open for business. Phone calls to the store go unanswered, and emails sent to the store’s customer service address go unanswered.
When Tower Hobby closed its doors, it left a lot of unanswered questions for its customers. What happened to Tower Hobby Scratch and Dent? Is the store still open for business? If not, what will happen to the store’s inventory?
These are questions that Tower Hobby Scratch and Dent’s customers deserve answers to. Tower Hobby Scratch and Dent was a great resource for remote control enthusiasts, and its closure leaves a big hole in the hobby community.
I hope that Tower Hobby Scratch and Dent is still open for business, and that its customers can find the answers to their questions.
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What happened to Tower Hobbies?
What happened to Tower Hobbies?
Tower Hobbies was once a popular online and physical retailer for radio-controlled vehicles and hobby supplies. However, the company filed for Chapter 11 bankruptcy in early 2018 and ceased operations.
The company’s financial struggles began in 2015, when it was forced to lay off 60 employees due to a decline in sales. This was due, in part, to the growing popularity of drones and other unmanned aerial vehicles.
In 2017, Tower Hobbies filed for Chapter 11 bankruptcy, citing $9.5 million in debt. The company ceased operations in early 2018, and its assets were auctioned off later that year.
Who owns Tower hobbies now?
Who owns Tower hobbies now?
This is a question that may be on the minds of many Tower hobby enthusiasts.
The company was founded in 1968 by two brothers, Ed and Dave Polak.
The two brothers ran the company until 2007, when they sold it to a group of investors.
In 2012, the company was sold again, this time to a group of Chinese investors.
So, the current owners of Tower hobbies are the Chinese investors.
Why did Tower Hobbies stop selling Traxxas?
Why did Tower Hobbies stop selling Traxxas?
Tower Hobbies is a retailer that specializes in selling radio-controlled models. They announced in March 2018 that they would no longer be selling Traxxas products.
There are a few potential reasons why Tower Hobbies stopped selling Traxxas. One possibility is that Tower Hobbies is unhappy with the way Traxxas is managing their business. For example, Traxxas has been slow to release new products, which could be causing Tower Hobbies to lose sales.
Another possibility is that Tower Hobbies is unhappy with the quality of Traxxas products. Traxxas products are often known for being unreliable, and this could be causing Tower Hobbies to lose money.
Finally, it’s possible that Tower Hobbies simply doesn’t think that Traxxas is a good investment anymore. Traxxas is a relatively small company, and they may not be able to compete with the larger brands in the industry.
What happened to Duratrax?
Duratrax is a company that produces remote controlled cars and other hobby products. The company has been in business since 1992 and has a loyal customer base. However, in 2011, Duratrax filed for bankruptcy. What happened to Duratrax and why did they go bankrupt?
There are several reasons why Duratrax went bankrupt. Firstly, they were heavily invested in the development of electric cars, which proved to be a poor investment. Secondly, they were slow to react to the changing trends in the hobby market, and lost market share to competitors. Finally, they had a lot of debt, which made it difficult for them to stay afloat.
The bankruptcy of Duratrax had a ripple effect throughout the hobby industry. Many retailers and distributors stopped carrying Duratrax products, and many employees were laid off. However, in 2012, the company was bought by a new owner and they are now back in business. They have been restructured and are focusing on developing new products that appeal to the current market trends.
Is Arrma owned by Horizon Hobby?
Horizon Hobby is an American manufacturer of radio-controlled cars and aircraft. The company is based in Champaign, Illinois.
In February 2017, it was announced that Horizon Hobby had acquired the Arrma brand. The takeover was seen as a way for Horizon Hobby to expand into the electric off-road market.
Who owns Losi RC?
Losi is a California-based company that designs, manufactures, and sells remote control vehicles and accessories. The company is best known for its radio-controlled cars, trucks, and boats.
Losi was founded in 1985 by Tom Losi, Sr. The company originally produced slot cars, but soon began producing radio-controlled cars as well. In the early 1990s, Losi was one of the leading RC car manufacturers in the world.
In 2002, Losi was acquired by Horizon Hobby. Under Horizon Hobby’s ownership, Losi has continued to produce popular RC vehicles and accessories.
Today, Losi is one of the most respected names in the RC industry. The company’s products are popular with both hobbyists and competitive racers.
Does Tower Hobbies still have a catalog?
Yes, Tower Hobbies does still have a catalog. It’s a great way to browse and shop for hobby products, and it’s also a great way to learn about the products that Tower Hobbies offers.
The Tower Hobbies catalog is a great resource for hobbyists of all levels of experience. It includes detailed product descriptions, photographs, and customer reviews. This makes it easy to learn about the products that Tower Hobbies offers and to decide which products are the best fit for your needs.
The Tower Hobbies catalog is also a great way to place orders. It includes a handy order form that makes it easy to select the products you want and to calculate the total cost of your order.
If you’re looking for a great way to explore the hobby products that Tower Hobbies has to offer, be sure to check out the Tower Hobbies catalog. It’s a great resource that you’ll definitely want to have on hand.
