As a few of you may know, a few years ago disney sold the disney store chain. Today my family and I went into the disney store, and we checked out the pin rack as usual, but we saw something different then usual. They had a pin from disney world. We were shocked and wanted to buy it. So my father went to buy it and asked the cashier if disney owned the disney stores again. She said yes and that you can also return disney pins from the parks there. Sweet, now if you work their you can get disney park discounts again. :mickey:

They are owned by The Childrens Place. My Mom works there.

The "Cast Members" still get some of the benefits of Disney though.
The individual stores may take exchanges from the parks.

They are not owned by the Disney Company.

The Disney Company owns the Store in New York, a few in Orlando and one somewhere else, the rest are owned by Childrens Place.

Weird... A disney store not owned by Disney.... So wait do they own it now or not?

The Disney Stores are in the process of being handed back over to Disney corp., it's true. Those who work at the Disney Stores have had to resubmit their personal information to Disney corp. as early/late as this last week.

However, what is unknown at this time is which Disney Stores will or won't be kept open after Disney has officially taken over again. Disney will be closing more of the Disney Stores down, and will probably be looking to dump the Stores onto some other retailer.

awsomered, if you want more confusion, consider this: The Disney Store and the online Disney Store aren't owned by the same company. ;)

Weird... A disney store not owned by Disney.... So wait do they own it now or not?

This should confuse you then: Disney does not own Tokyo Disneyland. ;)

o_o
Yeah, Jacques, you pretty much confused me.
LOL.

I have succeeded, then. ;)

American companies cannot own land in Japan, so the Japanese-owned park "rents" the Disney likeness from the Walt Disney Company.

Back to the Disney Stores, I wonder why Disney is buying them back, only to close some down. Weird.

hope they don't close the one near our house does not close they all ready closed they one closest to our house a few years ago

I didn't know it was owned by Childrens Place. I thought it was owned by JCPennys o_o

Back to the Disney Stores, I wonder why Disney is buying them back, only to close some down. Weird.

Well, the Children's Place hasn't fulfilled their requirements after taking over the Stores. They were supposed to do X Y and Z, but haven't. The Disney Stores have also been losing money like mad in recent years, so the Children's Place is cutting their losses.

I don't think Disney wants the Stores to go away completely, so they are taking them back as a quick solution. Who knows how quickly they will be looking to dump the Stores on someone else's back again, since they practically gave the Stores to Children's Place before.



Oh, and to add to the confusion: there are a few Disney Stores that have always been owned by Disney corp. Those are the stores in Downtown Disney and in Europe. By May 1st, Disney corp. will again own the Disney Stores in North America.

Ok well that pretty much un-balances my little universe!! @_@

I am surprised they are closing, whenever I am in the stores it is always full of people buying tons of stuff. Then again the low prices may have been what killed them. I hope disney decides to keep them open and starts selling more pins. It would be a shame for them to close, especially with all the cute characters near the ceiling. Anyways I find the info pretty interesting, just like I find disney owning a really small golf course near where I live weird.

Wait so they are closing them now?

the disney store -in a certain simon mall named for a US president-isn't closing, its owned by disney themselves. you can buy theme park tickets there!

the disney store -in a certain simon mall named for a US president-isn't closing, its owned by disney themselves. you can buy theme park tickets there!

You can buy the park tickets at any of the disney stores, it has been like this since before "The Childrens Place" purchased the chains...

I am surprised they are closing, whenever I am in the stores it is always full of people buying tons of stuff. Then again the low prices may have been what killed them. I hope disney decides to keep them open and starts selling more pins. It would be a shame for them to close, especially with all the cute characters near the ceiling. Anyways I find the info pretty interesting, just like I find disney owning a really small golf course near where I live weird.

Our local disney store, or one of them at least, had their lease expiring inside the mall when "The Childrens Place" and "Disney" where working on their agreement. To say the least the Disney Store lost its lease, and had to find another place within the mall to lease. The other location contained much less traffic then this wing of the mall, and they don't have any of the giant figurines like they once did...Plus, The rental space was much smaller. Everytime I go to this mall I don't find many people entering this store at all very light traffic unfortunately...Its sad I liked that store at one point in time...

By May 1st, Disney corp. will again own the Disney Stores in North America again.

Thanks for your post geggy, I hope this changes one of our local stores a bit with my comment above this since the store has really gone downhill here. My initial thoughts is that this won't change too much at all, because even when Disney owned all the Disney Stores they where losing a lot of money and coincides with their decision to basically almost give away the Disney Stores to The Childrens Place...

We have a few Disney stores around us here in the UK.
Does anyone know if Disney will own the ones here soon, or are they just buying the ones in North America?

Dont they own the ones in the UK? Drat :P

They have always owned the Stores outside of the US. They are only reacquiring their North American stores that they haven't owned for a while.

This is what the wiki says, this may be a bit more helpful:

Wiki

The Children's Place announced on March 20, 2008 that they were in talks to sell the Disney Store brand back to The Walt Disney Company, affecting two-thirds of the 335 stores currently operating in North America, with 115 expected to close after the proposed transaction is completed. This was further confirmed on March 21, 2008, when The Walt Disney Company officially stated that it was interested in buying back a portion of the stores, stating that the Disney Stores are "an important extension of the Disney brand" and that Disney believed a smaller chain "could add value to the Company in the promotion and monetization of its growing number of robust franchises". [2]

The Children's Place filed for Chapter 11 bankruptcy for Hoop Retail LLC, the Children's Place subsidiary which operates the Disney Store chain, on March 27, 2008. Negotiations with the Walt Disney Company are still underway, with a reported target turnover date for two-thirds of the existing Disney Store locations of May 1st, 2008. [3]. Although a proposed list of "remaining" stores has been made publicly available as a required part of bankruptcy proceedings, no decisions have yet been made regarding which stores will be included in the sale, and which will remain with Hoop and thus be closing as part of the bankruptcy.

So what prevents them from selling the VMK brand to another company, someone who will keep it open?

-Kit

So what prevents them from selling the VMK brand to another company, someone who will keep it open?

-Kit

Themselves. ;)

Seven-week liquidation process starts on Monday for Disney Stores that are closing.

:-(

My local disney store is already in the process of closing. I found out today when I went to the mall. Disney is going down the drain fast with me.

My local disney store is already in the process of closing. I found out today when I went to the mall. Disney is going down the drain fast with me.

Same with us, Lady...same with us.

Weird, I live in a small area, and I haven't heard a thing about it closing..

The Disney Outlet Store I visited on vacation (far, FAR away from the parks) had 40% off on top of all clearance items. $2.99 T-shirts! w00t
-Kit

So the Disney Store wasnt owned by disney and it was owned by children's place? weird... I go in both of those stores and I never knew that

well disney is closing the disney store in the mall neer me it's sad my mom has been taking me there like since i was born oh well disney does not seem to care

American companies cannot own land in Japan, so the Japanese-owned park "rents" the Disney likeness from the Walt Disney Company.


That's a nice intangible asset.....

The one near me closed when they sold the chain to begin with and I really miss the shopping!