Toys R Us files for liquidation bankruptcy

[Salus Maior]

Memory eternal.

[LimaUniformNovemberAlpha]

I think it's a case of changing preferences among kids and the parents that shop for them while the purchasing power of wages fall; necessities like food, clothing, and especially shelter, rise; and there's a stronger argument that buying a phone or tablet can teach children responsibility and how to use technology so they'll be better able to participate in society, whereas traditional toys don't do that.

It won't.

At best, it'll discourage the creativity playing with traditional toys encouraged. At worst, it'll fill their mind with all the BS running rampant online.

[Dumb Ideologies]

Toys R Bust
Warehouse Rust

Next Toy Story survival horror set in disused distribution centre where unsold items have gone feral and cannibal?

[Bombadil]

Toys R Bust
Warehouse Rust

Next Toy Story survival horror set in disused distribution centre where unsold items have gone feral and cannibal?

https://www.youtube.com/watch?v=bMPFqp7QZqo

[Switzo-Polish Republic]

I don't have the same emotional attachment that some 1980s and 1990s kids had with Toys R Us, even back then the prices were considered expensive and their closest location was miles away despite living in a major metropolitan area. Then along came the prevalence of 16-bit and 32-bit video game consoles so toys seemed irrelevant to me and everyone else around at the time. However it appears Toys R Us will soon be gone for good.

https://www.cnbc.com/2018/03/13/toys-r-us-is-preparing-to-file-its-liquidation-plan-with-the-court.html
Toys R Us, the iconic U.S. retailer, is in the process of drafting the court motion for its liquidation plan, a source familiar with the situation told CNBC on Tuesday.

The retailer could file as soon as the end of Wednesday, making the motion official. It will then begin to wind down the storied toy retailer, after more than half a century in business.

A liquidation will most likely result in the closing of all of Toys R Us' 800 stores in the U.S.

It will be a blow to the toy industry, which has relied on it for supplying row after row of toys and premium pricing. Toys R Us accounted for 15 to 20 percent of U.S. toy sales last year, according to Jefferies analyst Stephanie Wissink.
…
Last week, it became increasingly clear that liquidation would be the most likely route. Still, as recently as last week, it was placing orders from its vendors and telling employees it was business as usual, sources said.

This week, though, Toy R Us missed a payment to some of its vendors, and was not responsive to calls, sources told CNBC. Bloomberg first reported the missed payment.

The people requested anonymity because the information is confidential. Toys R Us declined to comment.

I think it's a case of changing preferences among kids and the parents that shop for them while the purchasing power of wages fall; necessities like food, clothing, and especially shelter, rise; and there's a stronger argument that buying a phone or tablet can teach children responsibility and how to use technology so they'll be better able to participate in society, whereas traditional toys don't do that.

Others think it's unfair that manufacturers will lose the last retailer dedicated to their business. I think that's just the nature of business, but that's just my opinion.

So, I've given my opinion that Toys R Us was an expensive relic of the past, unable to provide what consumers want in 2018. What's yours?

RIP Toys'R'Us. My dad said he was going to bring my kids there someday, but that won't happen anymore.

[Dylar]

Oh shit. Time to drive to Castleton and get as many NERF guns and Star Wars action figures that I can buy without going broke.

[Minoa]

Source: http://www.bbc.co.uk/news/business-43401674

All UK Toys R Us stores will close by May. I don't know who will fill in, because of the Brexit.

[Dumb Ideologies]

Source: http://www.bbc.co.uk/news/business-43401674

All UK Toys R Us stores will close by May. I don't know who will fill in, because of the Brexit.

All reports indicated that the problem with Toys R Us was primarily the cost of maintaining the large warehouse-type stores and the impact of undercutting by online retailers. No-one even faintly related it to Brexit.

Was the recent cold snap Brexit's fault?
Is the ageing process a side-effect of Brexit?
Did Brexit kill Princess Diana?

[Minoa]

Source: http://www.bbc.co.uk/news/business-43401674

All UK Toys R Us stores will close by May. I don't know who will fill in, because of the Brexit.

All reports indicated that the problem with Toys R Us was primarily the cost of maintaining the large warehouse-type stores and the impact of undercutting by online retailers. No-one even faintly related it to Brexit.

Was the recent cold snap Brexit's fault?
Is the ageing process a side-effect of Brexit?
Did Brexit kill Princess Diana?

I know it is was not the Brexit in the case of Toys R Us, although I could be clearer there, but the question here is who is going to fill the growing gaps in the high street and retail parks?

[Dumb Ideologies]

All reports indicated that the problem with Toys R Us was primarily the cost of maintaining the large warehouse-type stores and the impact of undercutting by online retailers. No-one even faintly related it to Brexit.

Was the recent cold snap Brexit's fault?
Is the ageing process a side-effect of Brexit?
Did Brexit kill Princess Diana?

I know it is was not the Brexit in the case of Toys R Us, although I could be clearer there, but the question here is who is going to fill the growing gaps in the high street and retail parks?

Probably the discounters and charity and betting shops, as has been happening during the long-running decline of the high street over the past twenty-odd years?

[Luziyca]

Meh. I never really had much attachment, possibly because a) the location is downtown, and b) we were too poor when I was a kid.

The question now is... what to do with all the space that they will leave behind, since Midtown Plaza has lost Sears already and it will probably lose that.

[The Derpy Democratic Republic Of Herp]

Only bought one thing from toys R us.


Pokemon Sun.

That was it.

[Digital Planets]

Oh no D: How will everyone buy toys now?

I dunno, probably from Bad Dragon or something.

[Petrasylvania]

Oh no D: How will everyone buy toys now?

I dunno, probably from Bad Dragon or something.

Furry Confirmed.

[Digital Planets]

I dunno, probably from Bad Dragon or something.

Furry Gopnik Confirmed.

Damn right.

[The Serbian Empire]

Remember this Christmas season when the executives gave huge holiday bonuses to themselves and not their employees? Knowing well they were tanking?
Yeah

Now the executives and the employees have no jobs for now.

[HC Eredivisie]

Meh, I've been one time to Toys R Us years ago so I don't really care. Left with the Jurassic Park 3 DVD and this:

[Pope Joan]

Good!

They had become a Walmart-style desert, with row after row of the same damned stuff.

No variety.

No choices.

Nothing to engage our interest.

[R249]

Toys R Us is over in America? Good to hear it. Goodbye.

https://www.toysrusinc.com/press/toysrus-kicks-off-fundraising-campaign-to-benefit-autism-speaks
https://www.newswire.ca/news-releases/toysrus-canadas-annual-puzzle-piece-fundraising-campaign-in-support-of-autism-speaks-canada-is-back-574239701.html

If Toys R Us likes giving their proceeds to a genocide-loving so-called "charity", then I welcome its demise.

[Petrasylvania]

Toys R Us is over in America? Good to hear it. Goodbye.

https://www.toysrusinc.com/press/toysrus-kicks-off-fundraising-campaign-to-benefit-autism-speaks
https://www.newswire.ca/news-releases/toysrus-canadas-annual-puzzle-piece-fundraising-campaign-in-support-of-autism-speaks-canada-is-back-574239701.html

If Toys R Us likes giving their proceeds to a genocide-loving so-called "charity", then I welcome its demise.

Some people just gotta score points even if it's not a game. Citation needed of the charity supporting genocide.

[Mushet]

I knew it was coming, shit happens. I was once a kid that enjoyed going to the store, walking distance from where I used to live and looking through the catalog during Christmas, but it happens.

[Mushet]

Toys R Bust
Warehouse Rust

Next Toy Story survival horror set in disused distribution centre where unsold items have gone feral and cannibal?

I'd watch it.

[Rojava Free State]

No! This can't happen! We must march in the thousands to Toys R Us headquarters and demand they remain open!

[Petrasylvania]

Toys R Bust
Warehouse Rust

Next Toy Story survival horror set in disused distribution centre where unsold items have gone feral and cannibal?

I'd watch it.

"BUZZ! YOU DON'T HAVE A REAL BLASTER, IT'S JUST A BLINKING LIGHT!!"
"We're going to have to run for our lives like in those movies, aren't we?"

[Kramanica]

Everyone is apparently do terribly upset but no one could be bothered to actually go there to buy toys to keep them open.

I couldn't care less, really. Gamestop and Target have all I need.