Skip to comments.Toys 'R' Us prepares to liquidate operations: source
Posted on 03/09/2018 5:39:37 AM PST by C19fan
Toys R Us Inc is preparing for potential liquidation if its negotiations with creditors do not result in a deal that can help the struggling toy retailer to emerge from bankruptcy, a source familiar with the matter told Reuters on Thursday.
These talks are continuing and no decision has yet been taken. The company is also considering other options, including a potential sale in bankruptcy if possible, according to the source.
(Excerpt) Read more at reuters.com ...
“Kids, who needs ‘em?” - Generation Whine
I haven’t been in a toys R Us in many years. My kids are grown and I really didn’t like shopping there when they were younger. I never liked the vibe of the store.
Anyway, I was in need of a high capacity, full automatic assault squirt rifle so off to the local Toys R Us I went.
Amazingly, in mid summer, nary a one was to be found. The store manager was even helping me look.
Huge distribution warehouse close by...huge number of illegals employed there....oh well...
Toys R Us also didn’t price match with Amazon in order to remain competitive, like some b&m stores such as Best Buy and Target do, who still seem to be surviving in an Amazon world.
My first job was at Childrens Palace at Christmas time. Made $3.35 an hour. Job ended after Christmas season but it was the only minimum wage job I ever had.
Best Buy is struggling but at least putting up a fight. They are shutting down an entire division of 250 smaller stores.
Target has been hurt mainly by some poor top level executive decisions. They’ve closed about a dozen stores this year and shut down their Canadian division in 2015, losing over $2 billion in less than 5 years on that exercise.
No, killed off because the stores are dirty and disorganized. I almost never find what I want there. When I do, it takes forever to find it.
Parents in a hurry to buy groceries and other necessities can find a variety of cheaper toys in Walmart etc.,
Specialty stores were the first losers to Amazon. It will continue.
Costco might be the way to go.
Yep. Going the way of Sears and Kmart.
Cue the Bob Dylan
I wouldn’t be surprised if Amazon actually looks at buying some of Toys ‘R’ Us assets. Especially its distribution system.
Yeah, price check Legos with TRU and Amazon...pretty big difference.
Online sales have just smoked the crap out of some companies. Not sure they even saw it coming and if they even knew what hit them.
J.C. Penney, Sears, KMart, Macys, Gymboree, Payless, RiteAid, Toys R Us, Gap, Banana Rep., Sams Club, Michael Kors, Guess,
Crocs, J.Crew, The Childrens Place.
All the Targets around me seem to be magnets for queers and cross-dressers. Probably seems more upscale to them than Walmarts.
The massive inventory killed them.
To bad, I like going to Toys R Us with my girls.
Not too happy about this.
But, the good news is this may be a boon for local small toy shops. We’ve had some crop up recently.
Best Buy keeps reducing. Every time I go it’s completely different in what they offer and how it’s set up. They are desperately trying to stay out of trouble.
The bulk of kids are not coming from a healthy middle class, but from poor immigrants. All the healthy retail business went away after the baby boomers grew up and we got WalMart, then Amazon, and now buying local retail merchandise is a thing of the past.
Pretty soon we won’t even have curios in minimarts for tourists.
KIlled off by not really carrying anything but main stream stuff and charging far too much for it.
I am willing to spend a bit more for something from a specialty store, but I also expect to be able to find things there I can’t find at Walmart.... When I walk in the door to find something and the only thing you have on your shelves for a toy line is the exact same things I find in an aisle at WalMart, and you want more for it, there is no reason to even come back.
Yes I understand you need to carry the same things, as they are popular, but the fact you carry NOTHING ELSE in addition to it, that’s a problem.
Visiting a Best Buy is worthless. They carry nothing.... every time I have walked in because I intended to buy something I need, I am simply told, don’t stock it but we can order it online and have it in a few days.
Why would I do that? I came all the way to your store because I want it now... if I have to order it online and wait, I can get it from Amazon cheaper.
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