![]() The building had been vacant for ten years, and was in a state of disrepair, according to Fire Chief Don Huber. According to a report from the local fire department, it took 100 firefighters to extinguish the blaze. On April 15, 2004, fire destroyed the former Lionel train factory located in Irvington, New Jersey. The Lionel trademarks were purchased by Richard Kughn, a Detroit real estate magnate who had bought the Lionel product line from General Mills in 1986. Unable to reach an agreement for reorganization with its creditors, on June 2, 1993, Lionel announced its intention to liquidate all of its stores and go out of business. By February 1993, Lionel had closed all but 29 stores in six states, concentrating on the markets of Philadelphia, central New Jersey, Baltimore, Washington, D.C., Cleveland, and south Florida. In 1992, Lionel again tried to reverse its fortunes by merging with the bankrupt Child World, the United States' #3 toy retailer, but was unable to secure financing. After a string of unprofitable quarters, it filed for Chapter 11 bankruptcy on June 14, 1991. Additionally, Lionel found it difficult to compete on price with the larger Toys R Us, and it attempted to expand too rapidly in a weakened economy. Meanwhile, non-specialty discount stores expanded their toy sections and undercut the prices of specialty toy chains. Lionel resisted and the fight drained the company of cash. ![]() Toussie L.P., a partnership of several retail executives, attempted to buy the company. After reducing to 55 stores, it emerged from bankruptcy in September 1985.īy 1991, the chain had regrown to 100 stores and was the fourth-largest toy retailer in the country, but it once again ran into trouble due to a combination of factors. Lionel ran into financial trouble during the early 1980s recession and filed for Chapter 11 bankruptcy in February 1982. For a time it was the second-largest toy store chain in the United States. By the early 1980s, Lionel operated some 150 stores, under the names Toy City, Lionel Kiddie City, Lionel Play Town, Lionel Playworld, Lionel Toy Warehouse, and Lionel Toy Town. Continued abuse of our services will cause your IP address to be blocked indefinitely.After the sale of its train product lines, Lionel Corporation became a holding company that specialized in toy stores. Please fill out the CAPTCHA below and then click the button to indicate that you agree to these terms. If you wish to be unblocked, you must agree that you will take immediate steps to rectify this issue. If you do not understand what is causing this behavior, please contact us here. If you promise to stop (by clicking the Agree button below), we'll unblock your connection for now, but we will immediately re-block it if we detect additional bad behavior. Overusing our search engine with a very large number of searches in a very short amount of time.Using a badly configured (or badly written) browser add-on for blocking content.Running a "scraper" or "downloader" program that either does not identify itself or uses fake headers to elude detection.Using a script or add-on that scans GameFAQs for box and screen images (such as an emulator front-end), while overloading our search engine.There is no official GameFAQs app, and we do not support nor have any contact with the makers of these unofficial apps. Continued use of these apps may cause your IP to be blocked indefinitely. ![]() This triggers our anti-spambot measures, which are designed to stop automated systems from flooding the site with traffic.
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