I'll try to not bog down in retail theory
The problem with what Bandai did in the '00s (and Bandai America did NOT want to deal with Gunpla. OTOH they did a terrific job with the MSiA toy line, taking it places Bandai Japan never dared go) and what Bluefin is doing now is, by overpricing the kits they end up reducing the market.
Let's take a 1,000 Yen Gunpla. Or even one of those awful 600 Yen Gundam Wing kits. This was one of the ones brought over, right?
https://hlj.com/product/BAN77149
600 Yen, call it about $6.00 USD by today's exchange rate. Ow. we're back there again I see. sigh. Anyway. That's MSRP, or the price it's expected to sell in a store. HLJ as you can see puts a bit of discount there, but even then $6 is not that bad a price even for that kit.
That $6 price in Japan allows for profit for the retailer, the many hands in the distribution chain and Bandai. I have no proof whatsoever but I suspect the WHOLESALE price, that is Bandai's cost plus profit, may be as low as $2 USD. If one could buy direct from Bandai (you cannot, in Japan. It's not allowed) selling that $2 kit you paid for at $6 would be a HUGE markup and plenty of profit. But even if it was American style Distro (that is, either direct from the maker or with only one middleman in between), the cost being $3 for a sell price of $6, that's perfectly normal.
So what did that kit retail for on Toys R us' shelf in '00? I think it was about $12 USD.
Now, those kits came direct from Japan. Even with making an English instruction sheet to pack in, the cost (and this is just supposition lacking firm proof otherwise) was still $2 USD.
Which means they LIKELY were selling that kit to TrU at $6 or even $8, to retail at $12. That's a HUGE markup and giant profit margin with near-zero work (and yes of course, there's translating and marketing and shipping and all that, but that all is little added value like tooling up improved parts or adding special weapons or such like. OTOH the removal of the Core Fighter parts from the RX-78 was a devaluation, getting less for your money), a business model Bandai enjoyed in the early Power Rangers days.
In other words, Bandai was lusting after double to triple profits from 'old' product that had expired it's shelf life in Japan. Because America is made of money and besides, we're USED to spending double the 'real' price of model kits,even ENJOY it as sales observed at SDCC and Pony Toy-Go-Round 'prove' it.
If Bandai had sold their kits with the MSRP being 1 Dollar = 100 Yen, so a 600 Yen kit was $6 at TrU, they might have had success for years.
And again, I note that Bluefin is running down the same failure road. A 2500 Yen kit is a pretty big investment at $25 USD. Slap a $48.99 price on that and suddenly you lose all the impulse buying fans.
Blah blah blah. Retail.
