Robot 6

Mail Order Comics files for bankruptcy, owing Diamond $325,000

mail order comicsFollowing reports late last month of fulfillment problems, Mail Order Comics has filed Chapter 7 bankruptcy, seeking to liquidate the nearly decade-old business.

In documents filed last week in federal bankruptcy court in Omaha, Nebraska, the retailer lists $45,000 in assets and $919,000 in debt, of which $325,000 is owed to Diamond Comic Distributors.

Signs of trouble with Mail Order Comics became apparent last month when customers began complaining on the store’s now-deleted Facebook page about unfulfilled orders and website troubles. Discount Comic Book Service quickly stepped in to fulfill all orders.

According to an undated “success stories” profile on the U.S. Small Business Administration website, Mitch Meyer bought the Comic Book Supermarket brick-and-mortar store and its attached warehouse business Mail Order Comics in early 2011, with some help from his parents. Soon the Gretna, Nebraska, business was bringing in a reported $1.9 million in revenues and touting itself as the fifth-largest distributor of Marvel comics; one retailer in Argentina spent between $8,000 and $10,000 a month with MOC.

But Meyer, who owned a 25 percent stake in the company, explains to the Omaha World-Herald that online sales dropped by half late last year, leaving expensive new books unsold. And then that Argentine retailer suddenly reduced orders before stopping them all together. Add to that increased shipping costs and the company’s forced move from its location to make way for redevelopment.

“A lot of our regular customers were ordering half as much,” Meyer tells the newspaper. “It was a steady downward trend. Perhaps it had to do with the economy and discretionary spending.”

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6 Comments

The timing of its downfall is right around when the New 52 started. Coincidence???? I think not!

Maybe a lot of people (like me) who dont have a local comic store are switching from comics by post to the likes of ComiXology, thats what I’ve done recentlly.

Hate to read this as I used MailOrderComics for years after a different mail order comic shop just disappeared and took some of my money. They had great customer service and the old website was very easy to use. It was great when I was in college and for a while afterwards. Though I loved the discounted prices, the shipping costs began to wipe out any savings and the subscription service didn’t work as well as it used to. More importantly, I was still going to my local comic book shop to pick up some of my books. Instead of splitting my buying, I just began buying everything at my local comic shop and have been happy with the decision. I wish the best for all the employees at MOC though and hope they land on their feet.

This guys are a pack of scammers, I have been with them since 10 years ago, and two months ago they sent me 42 copies of the same book and they cleaned their hands, they told me that it was impossible, and I haven´t received any other package since that moment. Now, I have sued them for fraud, so the debt is not gonna be the only problem they are gonna have

Unless you are a big wig, the comic book business is hard to maintain. With sites like ebay that tend to drive real comic books websites and brick stores out of business, it’s surprising that it is not happening more often. I hate to see another one go the way of the extinct bird. However if you guys want to know where to go for old or new books at a nice price, than just ask me.

Mailordercomics’ real problems began when they switched their online ordering software. By most accounts the transition was disastrous and reportedly led to the loss of many customers. A shame because it was a reliable merchant for a long time.

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