Author Topic: RIP Toys R Us  (Read 2181 times)

0 Members and 1 Guest are viewing this topic.

RIP Toys R Us
« on: March 14, 2018, 09:49:05 AM »

Offline Roy H.

  • Forums Manager
  • James Naismith
  • *********************************
  • Posts: 35924
  • Tommy Points: -27666
  • 33,333 posts and counting . . .


Quote
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.

https://www.cnbc.com/2018/03/13/toys-r-us-is-preparing-to-file-its-liquidation-plan-with-the-court.html

This has been a long time coming, and TRU was scheduled to close 100+ stores in April, so itís not a surprise. With online competitors, Target / Walmart, plus a flawed high-price business model, this isnít a surprise, but as a child of the 80s, it sucks. Going to TRU as a kid was one half-step below Disney Land.  My kids were just starting to enjoy the experience.  Plus, TRU gets a lot of exclusives for brands like Imaginext.

On top of that, 10,000+ workers are going to lose their jobs.

Overall, itís a bummer.


Once a CrotoNat, always a CrotoNat.  CelticsBlog Draft Champions, 2009 & 2012;
DKC Draft 2015 Champions and beyond...

Re: RIP Toys R Us
« Reply #1 on: March 14, 2018, 09:55:29 AM »

Offline Donoghus

  • Global Moderator
  • Kevin McHale
  • ************************
  • Posts: 24166
  • Tommy Points: 1075
  • What a Pub Should Be
So what is gonna happen to Geoffrey?

Right on about trips to Toys R Us being special back in the day.  I remember being downright giddy whenever my mom would take me to the one in Auburn. 


2010 CB Historical Draft - Best Overall Team

Re: RIP Toys R Us
« Reply #2 on: March 14, 2018, 10:28:29 AM »

Offline Spilling Green Dye

  • Don Chaney
  • *
  • Posts: 1875
  • Tommy Points: 105
Yeah this is really sad.  I don't remember the one time we went to Disney, but I still remember the feeling of going to and shopping at a Toys R Us in the 80's and early 90's.  And to a lesser degree, Kay Bee Toys. 

Online shopping obviously has its advantages, but being able to shop at Toys R Us was superior in showing you what else is available in the section you like, and in some cases even interact in person. 


Re: RIP Toys R Us
« Reply #3 on: March 14, 2018, 10:58:52 AM »

Offline SHAQATTACK

  • NCE
  • Paul Pierce
  • ***************************
  • Posts: 27371
  • Tommy Points: 2081
NO NO NO ....

stomp,stomp stomp,

they can t do this to me ...

 Cartman ...   " I'm going ommh"
« Last Edit: March 14, 2018, 05:35:50 PM by SHAQATTACK »

Re: RIP Toys R Us
« Reply #4 on: March 14, 2018, 11:06:39 AM »

Offline rocknrollforyoursoul

  • Rajon Rondo
  • *****
  • Posts: 5941
  • Tommy Points: 24


Quote
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.

https://www.cnbc.com/2018/03/13/toys-r-us-is-preparing-to-file-its-liquidation-plan-with-the-court.html

This has been a long time coming, and TRU was scheduled to close 100+ stores in April, so itís not a surprise. With online competitors, Target / Walmart, plus a flawed high-price business model, this isnít a surprise, but as a child of the 80s, it sucks. Going to TRU as a kid was one half-step below Disney Land.  My kids were just starting to enjoy the experience.  Plus, TRU gets a lot of exclusives for brands like Imaginext.

On top of that, 10,000+ workers are going to lose their jobs.

Overall, itís a bummer.

Very unfortunate, especially for the 10,000+ losing their jobs.

When I was a kid, living in central Maine, the only TRU was in Portlandó"the big city"óand we got to go to TRU only once in a blue moon, and it was amazing.

Now that I'm in my 40s, I'm starting to experience things my parents experienced, like seeing things from childhood go by the wayside, and it's a little sad.
"There are two kinds of people: those who say to God, 'Thy will be done,' and those to whom God says, 'All right, then, have it your way.'"

"You don't have a soul. You are a Soul. You have a body."

ó C.S. Lewis

Re: RIP Toys R Us
« Reply #5 on: March 14, 2018, 11:07:55 AM »

Offline KGs Knee

  • Danny Ainge
  • **********
  • Posts: 10653
  • Tommy Points: 1248
Boo!

I don't want to grow up.

Re: RIP Toys R Us
« Reply #6 on: March 14, 2018, 11:14:41 AM »

Offline Monkhouse

  • Rajon Rondo
  • *****
  • Posts: 5298
  • Tommy Points: 626
  • A true Celtic plays with heart.
Yeah this is really sad.  I don't remember the one time we went to Disney, but I still remember the feeling of going to and shopping at a Toys R Us in the 80's and early 90's.  And to a lesser degree, Kay Bee Toys. 

Online shopping obviously has its advantages, but being able to shop at Toys R Us was superior in showing you what else is available in the section you like, and in some cases even interact in person.

Kay Bee was my !@#$  :angel: :police: :'( :'( :'( :'( :'(

All my childhood memories slowly going down the drain... Thanks Corporate America!
"I bomb atomically, Socrates' philosophies and hypotheses
Can't define how I be dropping these mockeries."

Is the glass half-full or half-empty?
It's based on your perspective, quite simply
We're the same and we're not; know what I'm saying? Listen
Son, I ain't better than you, I just think different

Re: RIP Toys R Us
« Reply #7 on: March 14, 2018, 11:24:03 AM »

Offline manl_lui

  • Paul Silas
  • ******
  • Posts: 6355
  • Tommy Points: 396
i thought it was a long time coming, at least in my knowledge, most if not all Toys R Us has already been closed, and i thought they filed for bankruptcy a long long time ago, also kind of hard for them to keep up in the digital age where kids prefers ipads over physical toys, much more different than when we were kids

just me guessing

Re: RIP Toys R Us
« Reply #8 on: March 14, 2018, 11:25:39 AM »

Offline Csfan1984

  • Rajon Rondo
  • *****
  • Posts: 5658
  • Tommy Points: 80
RIP TRU.
Mock "trade deadline" team: Blazers.
PG-Lillard, Napier, Baldwin
SG-McCollum, Connaughton, Wilcox
SF-Fournier, Harkless, Layman
PF-Aminu, Davis
C- Nurkic, Leonard, Collins

Re: RIP Toys R Us
« Reply #9 on: March 14, 2018, 11:34:26 AM »

Offline Adelaide Celt

  • Bill Walton
  • *
  • Posts: 1263
  • Tommy Points: 183
Saw it closed in the UK recently and figured it was a matter of time before it followed suit everywhere else. Sad. As has been said, kids these days are a lot different than in the 80s/90s. My youngest nephew, not even 2 years old yet, is already starting to grasp the functions on an iPad.
Go Land Crabs

Re: RIP Toys R Us
« Reply #10 on: March 14, 2018, 11:39:05 AM »

Offline Moranis

  • Global Moderator
  • Bill Sharman
  • *******************
  • Posts: 19534
  • Tommy Points: 927
Never really went to Toys'R'Us (and I grew up in the 80's), but the wife and I did a fair amount of shopping at Baby's'R'Us as they really did have a much larger selection on baby furniture, clothes, and accessories than any other store. 

Re: RIP Toys R Us
« Reply #11 on: March 14, 2018, 11:39:12 AM »

Offline Roy H.

  • Forums Manager
  • James Naismith
  • *********************************
  • Posts: 35924
  • Tommy Points: -27666
  • 33,333 posts and counting . . .
i thought it was a long time coming, at least in my knowledge, most if not all Toys R Us has already been closed, and i thought they filed for bankruptcy a long long time ago, also kind of hard for them to keep up in the digital age where kids prefers ipads over physical toys, much more different than when we were kids

just me guessing

The previous plan was to close about 20% of US stores, many of them standalone Babies R Us outlets.  They were then going through the bankruptcy process, hoping to restructure or to sell the brand. That plan seems to have failed, so theyíre liquidating.


Once a CrotoNat, always a CrotoNat.  CelticsBlog Draft Champions, 2009 & 2012;
DKC Draft 2015 Champions and beyond...

Re: RIP Toys R Us
« Reply #12 on: March 14, 2018, 12:30:05 PM »

Offline indeedproceed

  • In The Rafters
  • James Naismith
  • *********************************
  • Posts: 41769
  • Tommy Points: 2429
  • You ain't the boss of the freakin' bedclothes.
Support your local toy stores if you want them around. That's the take home here.

"You've gotta respect a 15-percent 3-point shooter. A guy
like that is always lethal." - Evan 'The God' Turner

Re: RIP Toys R Us
« Reply #13 on: March 14, 2018, 12:42:57 PM »

Offline Erik

  • Kyrie Irving
  • Posts: 789
  • Tommy Points: 141
  • The voice of reason
I've been to ToysRUs several times lately due to people giving gift cards for our kid. Generally speaking, their prices are not consistent (higher) with Walmart and Amazon and I would almost always have to get a price match unless it's one of their handful of clearance items. This was fine back in the 90s when you had to drive around to shop around, but nowadays when I can see all prices of all stores with a few clicks, who is dumb enough to shop there? Their business model is outdated. In today's Amazon climate, a brick and mortar store needs to price their products either the same or better than Amazon to be able to compete (you get the "I want it now" crowd and the "I'd drive to save a buck" crowd). The Home Depot and Walmart are great examples of this. Their prices are generally better than Amazon, so if you have the motivation to get off your couch, it provides value. If I have to get in my car and drive down to ToysRUs AND pay more or price match Walmart, what's the point? Why not just go to Walmart or wait a couple days and get it delivered right to my door? Or you can be like BedBathAndBeyond and have an insane return policy (seriously.. how does this company afford to take 5 year old returns)? I'd gladly pay a bit more and know that I can return this thing essentially whenever I want.

I'm all for competition, but ToysRUs has been walking dead for a long time now. At least other, more useful businesses, can use their new real estate options to provide for customers.
« Last Edit: March 14, 2018, 12:56:42 PM by Erik »

Re: RIP Toys R Us
« Reply #14 on: March 14, 2018, 12:53:20 PM »

Offline ChillyWilly

  • Gordon Hayward
  • Posts: 654
  • Tommy Points: 232
I'm assuming this liquidation is just Brick and Mortar and this brand will live on in name/web.
Self proclaimed president of the fictional Troz3 fan club.