[6][7][8] While the company ceased operations in 1988 as a result of bankruptcy, the Coleco brand was revived in 2005, and remains active to this day.

By the end of the 1960s, Coleco operated ten manufacturing facilities and occupied a new corporate headquarters in Hartford, Connecticut.

Lower than expected snowfall that year and market conditions led to very reduced sales and poor profits.

A third line of educational handhelds was also produced and included the Electronic Learning Machine, Lil Genius, Digits, and a trivia game called Quiz Wiz.

[12] Launched in 1982, their first four tabletop Mini-Arcades, for Pac-Man, Galaxian, Donkey Kong, and Frogger, sold approximately three million units within a year.

[21] In the same year, Dr. Seuss signed a deal with Coleco to design a line of toys, including home video games based on his characters.

[24] The combination of the purchase of Selchow & Righter, the disastrous Adam computer, and the public's waning infatuation with Cabbage Patch Dolls all contributed to Coleco's financial decline.

[25] The reorganized Coleco sold off all of its North American assets and outsourced thousands of jobs to foreign countries, closing plants in Amsterdam, New York and other cities.

[26] In 1988, Canada-based SLM Action Sports Inc. purchased Coleco's swimming pool and snow goods divisions.

In December 2015, Coleco Holdings announced the development of the Coleco Chameleon, a new cartridge-based video game system; in actuality, a re-branding of the controversial Retro VGS console, whose Indiegogo campaign failed to secure funding when it ended in early November 2015, with only $63,546 raised of its $1.95 million goal.

[31][non-primary source needed] In the press release, it was established that the system would be able to play new and classic games in the 8, 16, and 32-bit styles.

[32] However, some critics suggested that the prototype fell short of its developmental goals and was nothing more than the motherboard of a Super NES model SNS-101 inside an Atari Jaguar case.

Later mock images of a prototype posted by AtariAge showed the device utilizing a CCTV capture card in place of a motherboard.