Toys R Us closing multiple US stores! 3-15-2018 - all stores expected to close

Discussion in 'Transformers News and Rumors' started by Prime135, Jan 23, 2018.

  1. Omegax80

    Omegax80 Using a Positive Rifle

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    Holy crap.

    Bout time.
     
  2. metalwar2010

    metalwar2010 Well-Known Member

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    Which sale is this for? The pre or post bankruptcy stores?

    These sales aren't helping them at all because of that confusion. No stores in my drive were closing and when they were announced they were closing due to the bankruptcy, I was already getting emails about ones started before that but TRU seems to be still treating them the same, even though the percentage off merchandise isn't.

    I agree to posted this. They aren't rushing on clearing stock, even though TRU made it sound like they were.
     
  3. usernamedustin

    usernamedustin 3P Scourgatron KO. Has Die-Cast and Ankle-Tilts.

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    They are starting the rush to clear stock now. The liquidation company took over on Monday. They will be getting rid of everything over the next 4 weeks and all the stores should be shut down on or before June 14.

    They tried to make it sound like they were rushing to clear stock so that people would come in and purchase stuff at the 10-20% "discount". TRU was trying to create a false sense of urgency to milk every last dollar they could. It seemed to work in my area. Shelves were being cleared at 10% off. I don't understand why people didn't wait. We know they are closing. The discounts will only get bigger.
     
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  4. AzT

    AzT Azlaroc, Yeargroup 431 Moderator News Staff TFW2005 Supporter

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    YMMV

    Toys''R''Us
     
  5. G.B. Blackrock

    G.B. Blackrock Autobot Ally

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    Without any indication of where the commercial is filming, this has got to be the most useless advertisement ever.
     
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  6. teemu8

    teemu8 Well-Known Member

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    Not true and All stores will not be closed by June 14th
     
  7. AzT

    AzT Azlaroc, Yeargroup 431 Moderator News Staff TFW2005 Supporter

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    Toys 'R' Us demise could spur merger boom in U.S. toy market
     
  8. Big Hache

    Big Hache Well-Known Member

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    And LEGO still 15% off.
     
  9. Omegax80

    Omegax80 Using a Positive Rifle

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    People went bat-nut crazy near me, and two weeks later it was as though business was normal with fully stocked shelves.

    30-50% off and looks like nothing changed. Except me buying a Cybertron Primus at 40% off instead of 10%...
     
  10. protostar8

    protostar8 Well-Known Member

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    Except the stuff that people want, that stuff will still be 5% off until the day hell freezes over. lol
     
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  11. Nighthawkblack

    Nighthawkblack Well-Known Member

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    How do you pump a company full of debt after taking it off the public stock market and yet there was no significant changes in their stores looks or services provided. Where did all the money go?
     
  12. G.B. Blackrock

    G.B. Blackrock Autobot Ally

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    This was explored, in depth, when the bankruptcy was happening, but here's the answer in a nutshell.

    TRU had debt to start with. I think it was about a billion dollars. It was moved out of the public stock market and sold for several billion dollars to a group of buyers. But that group didn't actually have ALL of that money themselves. They borrowed several billion dollars to make up the difference, and then essentially handed that debt right over to the company that they just bought. Thus, TRU now had roughly six billion dollars in debt.

    Does that answer your question where all that money went? Even before one could think about improving services, billions of dollars were borrowed in the very act of buying the company.
     
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  13. TGS1985

    TGS1985 Well-Known Member

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    Was it marked on the shelf as 40% or did you have to negotiate? My local TRU in Stockton had it listed for 30% off. $110 is still ridiculously high for the figure in my opinion but I'll consider getting one half off for $75.
     
  14. RKillian

    RKillian http://www.rktoyandhobby.com

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  15. SPLIT LIP

    SPLIT LIP AKA Beve Stuscemi

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    Wait, I thought Grotesque was a HTS exclusive? Didn't know TRU would be carrying it. (not that I'm not pleased)
     
  16. Nighthawkblack

    Nighthawkblack Well-Known Member

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    Not completely. Nobody buys something without a plan to make money. Since I saw no change in business operations to generate more revenue or new revenue streams or to differentiate themselves, I have to assume they had to have made money some other way through insanely stupid compensation without the public oversight of the SEC.
     
  17. all are dead

    all are dead Being a nerd is my game.

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    TRU and HTS exclusive like Arcee. Seems the stores that got grotesque REALLY got grotesque. Like this store now has 60+ apparently.
     
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  18. TeamAutobots81

    TeamAutobots81 Well-Known Member

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    this sale was like few weeks old cuz I work at TRU in 48st. Long Island City even we don\'t have that much stuff since we started the liquidated back in April so 30-50% off been going on for few weeks already.
     
  19. Omegax80

    Omegax80 Using a Positive Rifle

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    Nope, was tagged at 40% off.
    It appeared to be the last one, so I grabbed it. There were six total a week ago, but I guess they are being bought up now.
     
  20. Sportimus

    Sportimus Well-Known Member

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    I hope this never happens. Merger's can be a very bad thing. Imagine Hasbro going out of business one day, we lose ALL those brands. Now imagine if Mattel merged with Hasbro and then later Hasbro goes out of business. BOOM! ALL major brands gone in an instant. In addition, it's bad enough we have a toy oligopoly. It would be worse if it were to become essentially a toy monopoly (no pun intended as Hasbro owns that, too). The lack of any major competition is one thing that can sink companies and/or drive down quality. One of the reasons why the 1980's was a golden decade for toys was the diversity of competing companies. Aside from Hasbro and Mattel, we had Kenner, Galoob, Milton Bradley, Playmates, Tonka, and LJN to name a few. So much new product was out then compared to now. Now we're lucky to get rehashes after rehashes of basically the same brands. Innovation is pretty much gone. The best thing that Mattel can do for itself and for customers is improve their quality. Same goes for Playmates and Bandai America. This is even more essential for NECA and Diamond Select Toys if they want to become viable competitors.

    There's still a strong market for toys, it's just changed. Either companies adapt and evolve or they die out. Same goes for TRU. They failed to correct themselves properly and found themselves dealing with the wrong investors. Now TRU is leaving a huge vacuum behind.
     

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