Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Toys 'R' Us prepares to liquidate operations: source
Reuters ^ | March 8, 2018 | Greg Roumeliotis

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 ...


TOPICS: Business/Economy
KEYWORDS: customernoservice; highprices; retail; snootyclerks; toys; toysrus; trumpeconomy
Navigation: use the links below to view more comments.
first 1-2021-35 next last
I worked at Toys R Us and its sister chain Kids R Us as a summer job. Killed off by Walmart, smart phones/pads, and Amazon.
1 posted on 03/09/2018 5:39:37 AM PST by C19fan
[ Post Reply | Private Reply | View Replies]

To: C19fan

“Kids, who needs ‘em?” - Generation Whine


2 posted on 03/09/2018 5:44:36 AM PST by a fool in paradise (Wear an orange pin to mourn the victims of the Tide Pods Challenge.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: C19fan

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.


3 posted on 03/09/2018 5:45:07 AM PST by cyclotic (Trump tweets are the only news source you can trust.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: C19fan

Huge distribution warehouse close by...huge number of illegals employed there....oh well...


4 posted on 03/09/2018 5:47:25 AM PST by Doogle (( USAF.68-73..8th TFW Ubon Thailand....never store a threat you should have eliminated)))
[ Post Reply | Private Reply | To 1 | View Replies]

To: C19fan

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.


5 posted on 03/09/2018 5:50:07 AM PST by ObozoMustGo2012 ("Be quiet... you are #fakenews!")
[ Post Reply | Private Reply | To 1 | View Replies]

To: C19fan

My first job was at Children’s 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.


6 posted on 03/09/2018 5:51:47 AM PST by HapaxLegamenon
[ Post Reply | Private Reply | To 1 | View Replies]

To: ObozoMustGo2012

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.


7 posted on 03/09/2018 6:01:21 AM PST by PAR35
[ Post Reply | Private Reply | To 5 | View Replies]

To: C19fan

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.


8 posted on 03/09/2018 6:13:55 AM PST by Bookwoman (...and I am unanimous in this...")
[ Post Reply | Private Reply | To 1 | View Replies]

To: C19fan

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.


9 posted on 03/09/2018 6:22:46 AM PST by sodpoodle (Life is prickly - carry tweezers)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ObozoMustGo2012

Yep. Going the way of Sears and Kmart.

Cue the Bob Dylan


10 posted on 03/09/2018 6:26:10 AM PST by waterhill (I Shall Remain, in spite of __________.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: C19fan

I wouldn’t be surprised if Amazon actually looks at buying some of Toys ‘R’ Us assets. Especially its distribution system.


11 posted on 03/09/2018 6:29:26 AM PST by RayChuang88 (FairTax: America's Economic Cure)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ObozoMustGo2012

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.


12 posted on 03/09/2018 6:29:47 AM PST by waterhill (I Shall Remain, in spite of __________.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: C19fan

https://www.msn.com/en-us/money/companies/these-retailers-are-closing-hundreds-of-stores-in-2018/ss-BBJjuDn#image=

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.


13 posted on 03/09/2018 6:41:57 AM PST by sodpoodle (Life is prickly - carry tweezers)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Bookwoman

All the Targets around me seem to be magnets for queers and cross-dressers. Probably seems more upscale to them than Walmarts.


14 posted on 03/09/2018 6:49:18 AM PST by VietVet876
[ Post Reply | Private Reply | To 8 | View Replies]

To: C19fan

The massive inventory killed them.

To bad, I like going to Toys R Us with my girls.


15 posted on 03/09/2018 6:49:52 AM PST by redgolum
[ Post Reply | Private Reply | To 1 | View Replies]

To: C19fan

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.


16 posted on 03/09/2018 6:53:07 AM PST by the OlLine Rebel (Common sense is an uncommon virtue./Federal-run medical care is as good as state-run DMVs.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ObozoMustGo2012

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.


17 posted on 03/09/2018 6:54:45 AM PST by the OlLine Rebel (Common sense is an uncommon virtue./Federal-run medical care is as good as state-run DMVs.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: C19fan

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.


18 posted on 03/09/2018 6:57:37 AM PST by Blue Collar Christian (We Arizonans need to get rid of McCain/Flake as all of us pray for Trump.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: C19fan

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.


19 posted on 03/09/2018 6:58:11 AM PST by HamiltonJay
[ Post Reply | Private Reply | To 1 | View Replies]

To: the OlLine Rebel

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.


20 posted on 03/09/2018 7:00:24 AM PST by HamiltonJay
[ Post Reply | Private Reply | To 17 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-35 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson