Discussion in 'Transformers News and Rumors' started by Prime135, Jan 23, 2018.
(still saddened this is even happening, though)
I still don't think TRU's even confirmed that the "new" list of closures is even happening.
(As I've said before, that's not to say that they aren't, but until TRU confirms, there's not going to be a list of them)
You know, maybe Bain having to jockey with two other vultures/parasites actually prolonged this like so (the aptly named Three Stooges Syndrome):
Toys ‘R’ Us Is Prepping to Liquidate Its U.S. Operations
Wow, with Walmart and Target being spotty it looks like Online sales will increase even more so. It's a sad day gentlemen.
And as several of us have been saying since the beginning of this thread...directly from this Bloomberg article
'The downfall of Toys “R” Us can be traced back to a $7.5 billion leveraged buyout in 2005, when Bain Capital, KKR & Co. and Vornado Realty Trust loaded the company with debt.'
It was good while it lasted.
boy, they tried to salvage this but it went to shit pretty fast, huh? they only announced the bankruptcy/closing of a lot of stores (whichever came first) back in december, right?
Please note that the headline of the article (which is indeed as you linked it) and the subject line of this thread mean very different things.
In particular, I draw attention to the bullet point at the top of the article: "Situation is fluid, and rescue deal could still emerge"
(EDIT: threads have now been merged. The subject line I was objecting to said "Toys R Us to liquidate ALL STORES" While the situation is indeed dire, it has not yet been stated that liquidation will happen. Only that TRU is preparing to do so, as hopes are fading for a resolution. But this is different than suggesting that the axe has already fallen.)
*sigh* I waited years and years for a chance to live in a city with TRU nearby and here's what happens. -_-
I just hope TRU Canada gets out of this okay. Impression I got was that they were buoying the US branch the last few years.
This gets me concerned about toysrus in Canada. I mean with no targets, it's going to be hard to find anything at just walmarts. The least toysrus should do is keep the online store. I mean sure, from now on I might be doing my shopping online or at the collector store in the next town.
Im nervous as all hell too... I work at a TRU and within my area all we have for toy selection is a wal-mart who looks like a tornado went through their toy section, super spotty shipments (some waves don't even arrive on the shelf) and Amazon which isn't reliable due to resellers charging almost 50% in mark ups for things that are cheap and Amazon wont do quality control on their 3rd party sellers. So im worried about my toy collection and my job lol.
So, this means even more corners will be cut. More hollow figures, less paint, more kissing the butts of the retailers to make it work. No more US Masterpieces, no good exclusives, and it'll even affect Power Rangers, which relied on TRU to make the bigger items work at retail.
Target and Walmart will be the death of our hobby. You can forget Titans from here on out after Predaking.
Well the forced Liquidation was the second option just like I said in pages back. Chapter 7 is rumored to be announced next week. This isn't going to be fun.
I seriously hope TRU Canada sticks around like those K-Marts in the US did which get the oddball Star Wars exclusives... unless those are all gone now too, but I'd still rather see TRU Canada be alive and well as a retailer because, quite frankly, if all we have to rely on is Wal-Mart, toy selling in Canada is going to SUCK worse than a swampy miasma of quicksand.
You can check online news sources and many of them are reporting this as liquidation now. Very sad news. Man I love that place. I hope someone picks up their franchise. That is a hefty thing to take on at this point though.
Too little, too late. This is sad
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