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Old 04-14-18, 09:07 AM   #151
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Re: R.I.P. Toys R Us

I went by our TRU today. Only 10% off most everything. 5% off Legos. What a joke. The only thing my kid was interested in, it was still 25% more expensive than Amazon.
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Old 04-14-18, 10:17 AM   #152
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Re: R.I.P. Toys R Us

Legos will probably never be significantly marked down. Lego will ask TRU to send them back first,
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Old 04-14-18, 05:17 PM   #153
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Re: R.I.P. Toys R Us

Walked around yesterday as well. Without the sign you wouldnt even know they were going out of business. It said 30% off but anything worth having was 5-10% off. Goodbye TRU.
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Old 04-14-18, 08:09 PM   #154
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Re: R.I.P. Toys R Us

Quote:
Originally Posted by TheBang View Post
I went by our TRU today. Only 10% off most everything. 5% off Legos. What a joke. The only thing my kid was interested in, it was still 25% more expensive than Amazon.
It was largely the same when I visited earlier in the week for nostalgia. You can tell that many things have been pulled by the manufacturers. There were zero children's books left, among other categories that have disappeared.
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Old 04-15-18, 04:37 PM   #155
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Re: R.I.P. Toys R Us

I went into to the local store today and nothing changed. The discounts were still 10-30% off, I did notice that the store looked like it was being restocked, more merchandise was coming in from the warehouse. All the video game consoles were pulled from the store.

Last edited by Bluelitespecial; 04-21-18 at 04:21 PM.
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Old 04-15-18, 06:11 PM   #156
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Re: R.I.P. Toys R Us

Yesterday was the last day for the store here, really bums me out. And then I just found out that the Books A Million where I live closed down recently.
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Old 04-15-18, 07:51 PM   #157
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Re: R.I.P. Toys R Us

Bought a birthday gift yesterday American Girl doll accessory and it was 10% off.
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Old 04-18-18, 07:41 AM   #158
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Re: R.I.P. Toys R Us

Toys R Us rejects billionare's bid
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Old 04-19-18, 12:18 PM   #159
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Re: R.I.P. Toys R Us

I understand there is a point that an offer is rediculous, but ... isn’t something better than nothing? This is the problem with publicly traded companies in certain industries. There is profit to be had, but it’s not “enough” so we’ll just fuck the consumers and pull the plug so they get nothing at all.

He has an interesting vision that intrigues me.

The problem with his offer (that I saw) was wanting the Canadian stores. Correct me if I’m remembering this wrong, but TRU Canada is a separate company that is not a part of this.
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Old 04-20-18, 10:30 AM   #160
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Re: R.I.P. Toys R Us

Looks like the game isn't over quite yet.. I have to wonder if Larian will come back with a stronger bid or he will be happy to have at least the Canadian stores for distribution...

https://www.wsj.com/articles/fairfax...res-1524232786

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Canada’s Fairfax Financial Holdings Ltd. has offered to buy Toys “R” Us ’s Canadian stores out of bankruptcy for $300 million.

The offer, revealed Thursday night in filing in U.S. Bankruptcy Court in Richmond, Va., is subject to higher bids at a court-supervised auction.

The retailer is seeking court approval to name Fairfax, the Toronto-based investment firm controlled by financier Prem Watsa, as the stalking horse, or lead bidder, at the auction. Companies selling assets in bankruptcy often seek to name a stalking horse to set a floor price to encourage bidding.

An auction for the retailer’s Canadian assets is scheduled to be held Monday in New York at the offices of Toys “R” Us’s bankruptcy lawyers. A sale hearing is slated for Tuesday.

Earlier this week, Toys “R” Us Inc. rejected an 11th-hour offer from a billionaire Isaac Larian, the founder of Bratz dolls maker MGA Entertainment Inc. Mr. Larian, who said he’d made a $675 million bid for the bankrupt retailer’s U.S. stores, had also bid $215 million for the retailer’s better-performing Canadian operations.


In March, Toys “R” Us announced it would wind down its U.S. business after it became apparent the retailer would be unable to reorganize its debt and move forward. The retailer, which employs about 33,000 people in the U.S., is in the process of liquidating all of the inventory at its 735 stores.

Toys “R” Us filed for bankruptcy protection in September after struggling with more than $5 billion in debt from a leveraged buyout. It also was squeezed by competition from Amazon.com Inc. as more parents shop online, as well as by discount retailers such as Walmart Inc.
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Old 04-21-18, 01:58 PM   #161
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Re: R.I.P. Toys R Us

I’m still confused over this Canadian thing ... The Canadian stores are a separate company that was fine — I thought. Earlier posts indicate that, including a statement from them.

As I said, Larian’s concept of turning the stores into a destination sounds intriguing. IKEA for the family! Somewhat related to that concept — I’ve always wondered why movie theaters haven’t attempted merchandising within the theater.
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Old 04-21-18, 05:42 PM   #162
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Re: R.I.P. Toys R Us

The same thing happened to the retail company I worked for. They were going out of business and one of the old owners of the company offered to buy it back. The offer was rejected because they could make more money going through bankruptcy. They didn't give a shit about the hundreds of jobs that could have been saved.
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