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 ...
It was kind of their own fault. Toys R Us partnered with Amazon in the early 2000s and didn’t sell from it’s own website. That was the beginning of the end of Toys R Us.
I have spent countless hours in my local store choosing gifts for my grandson when he was younger. I really enjoyed looking at all the cool toys that are available these days. So much to choose from it could get a bit overwhelming. My store was/is clean and you could find decent sales. Would be a shame if they all closed up. The selection at Walmart, Target, etc just isn’t nearly as good. I know, everyone wants to shop on-line for everything but for some things I just prefer the hands-on buying experience.
The store closest to me has always had items I could find nowhere else. I used to buy these Animal planet sets for my grandson and we had quality time together using our imagination playing with the collection. Also the toddler train sets like the wooden Thomas or Geo tracks, so many to choose from, and most of them would link together so over time you could build something a kid would love. Spent many hours with those too.
One of the two in my area closed at least five years ago.
Do kids play with toys anymore? Seems to me they just play games on their cellphones.
The Sam’s Club near me closed last month, and the Sears is closing this month.
I live near a one-stop-shopping Fred Meyer, and they are in the process of reducing or eliminating their non-food sections.
The past couple of times I’ve been to Best Buy looking for something it wasn’t carried on the shelves anymore.
Sales rep: “but you can order it online”.
>>>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.
Most of these retailers saw it coming. They were just so loaded up with debt by their private equity owners that they had no ability to fight it.
I was in a Sears last night. The lower level that had been primarily tools, auto, appliances and exercise/camping had turned into more of small 15x15 foot square areas of nothing but a wide variety of junk. The original areas had shrunken to almost unusable displays. I left...feeling used and abused.
“Do kids play with toys anymore?”
No, today’s toys are either electronic junk or they play by themselves and the kids watch. They’re cheap in every way except price.
As a post-war young’un, I didn’t have, or need, a storeroom for all my toys. There weren’t that many but my Dad bought quality stuff. Big trucks, earthmovers, road graders that were at least 2-3 feet long, all made of real steel right here in America! A good quality American Flyer electric train, a Gilbert chemistry set and he even passed on to me his original 1920’s Erector Set - all steel and brass, with tiny electric motors that made the cranes and winches work. Those were real MAN’S toys!
my experience is that that BB only pretends to price match ... always excluding equivalent freebies such as free extended warranties and free delivery ... not to mention for some reason their sales staff usually gets pissy if you ask for price matching ... BB doesn’t even carry over-priced, but high-quality cables any longer, carrying only the minimal amount of super-cheap chinese garbage for cables.
I finally quit wasting my time going there as the last few trips I ended up buying nothing ... last time I just drove a few more miles further down to Costco and got a MUCH better deal on the exact same big screen TV, with better, more knowledgeable, and friendlier sales help ...
Exactly.
I hate that.
People are so enamored of on-line catalog buying, but the reality is that one is waiting, and paying for shipping, and God forbid it’s bad - you have to pack it up yourself for the shipping home.
I like having this option - especially for items I can’t find in the stores.
But if I can get to the store and get it over with, have it now, that’s what I do.
“KIlled off by not really carrying anything but main stream stuff”
been true for most stores for decades ... one of the main reasons I started to shop online in the first place ... and have never looked back ... now pretty much the only things i buy in B&M stores are groceries, hardware, and lumberyard-type materials ...
Broke R Us
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