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re: The Toys R Us thread (update: no longer DEAD)
But didn't that chain put out the mom and pop toy stores? Walking through my local mall I saw two stores cornerstone stores closing, and it made me wonder how long the malls have left before they go away? |
re: The Toys R Us thread (update: no longer DEAD)
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re: The Toys R Us thread (update: no longer DEAD)
I saw a blurb on the news while at Jack In The Box today that talked about Toys R Us going out of business...was today the day and all the stores are officially shut down?
So I googled before I decided to hit post and yeah...it looks like today was the day. Wow...JeffTheAlpaca just beat me to the bunch. That image has gone viral. |
re: The Toys R Us thread (update: no longer DEAD)
Saw some pics today on another site about some guy who left a TRU with nearly $2K in merch and only paid about $25. Everything was 99% off.
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re: The Toys R Us thread (update: no longer DEAD)
Originally Posted by Jon2
(Post 13363014)
Saw some pics today on another site about some guy who left a TRU with nearly $2K in merch and only paid about $25. Everything was 99% off.
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re: The Toys R Us thread (update: no longer DEAD)
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re: The Toys R Us thread (update: no longer DEAD)
I went in the third-to-last day and actually managed to snag a pretty cool Darth Vader action figure for 80% off. I think someone had hidden it and I discovered it by accident.
There was basically nothing left in the last two weeks but toys no one wanted, even for a $1. |
re: The Toys R Us thread (update: no longer DEAD)
I was at the TRU by my house on the second to last day and they had a shelf with about 500 WWE Becky Lynch dolls (the Barbie style ones) on it and was selling them for $2 each. I don't think I'm exaggerating with that number, I may even be under estimating. I'm not sure how a single store even ended up with that many of the same doll. Perhaps just indicative of the ineptitude that led to their demise?
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re: The Toys R Us thread (update: no longer DEAD)
Originally Posted by Obi-Wan Jabroni
(Post 13364550)
I was at the TRU by my house on the second to last day and they had a shelf with about 500 WWE Becky Lynch dolls (the Barbie style ones) on it and was selling them for $2 each. I don't think I'm exaggerating with that number, I may even be under estimating. I'm not sure how a single store even ended up with that many of the same doll. Perhaps just indicative of the ineptitude that led to their demise?
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re: The Toys R Us thread (update: no longer DEAD)
Sure, but what was strange about this is that there was only Becky Lynch and none of the other girls. No reasonable person would have ever expected them to be able to sell that many Becky dolls. Why did they have that many? I should have taken a picture of it, it looked so ridiculous.
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re: The Toys R Us thread (update: no longer DEAD)
Originally Posted by Obi-Wan Jabroni
(Post 13364571)
Sure, but what was strange about this is that there was only Becky Lynch and none of the other girls. No reasonable person would have ever expected them to be able to sell that many Becky dolls. Why did they have that many? I should have taken a picture of it, it looked so ridiculous.
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re: The Toys R Us thread (update: no longer DEAD)
Originally Posted by zyzzle
(Post 13363976)
Pics? Can't believe that. If true, they must have been down to the dregs of the dregs, and that merchandise probably wasn't even worth the $25.
I went back and searched there (and all the image-centric sites I typically visit), and couldn't find the post, so... |
re: The Toys R Us thread (update: no longer DEAD)
Toys R Us may live on
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re: The Toys R Us thread (update: no longer DEAD)
Screw them, they took that tax break, gave bonuses to the top, and sent the rest packing.
Wonder if they plan to go online only like circuit city. |
re: The Toys R Us thread (update: no longer DEAD)
Circuit City didn't go online only. Circuit City went out of business, and the name was bought out of bankruptcy by a completely different company and slapped on a website.
That's kind of what I expected to see happen with TRU as far as the name being bought out of bankruptcy and used by another company (which would maybe even open some smaller stores in malls and such), but this is totally different. They cancelled the auction to sell off the assets and are attempting to give it another go (not sure what exactly that means at this point though). |
re: The Toys R Us thread (update: no longer DEAD)
How is that legal? If another company bought the name, I understand they wouldn't be responsible for any of the debt, but if they keep it and use the brand, don't they still have to pay their debtors back?
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re: The Toys R Us thread (update: no longer DEAD)
Can't say this is much of a surprise. The toy industry would loose so much money without a TRU, or at least some toy store to house the majority of their wares. I hope it does come back though because not just the Toy industry but people in general need Toy's R Us.
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re: The Toys R Us thread (update: no longer DEAD)
https://comicbook.com/2018/10/09/toy...freys-toy-box/
There were also reps from the company at the event, and they said that the plan is to open several locations under the Geoffrey's Toy Box name by November of this year. The early launch was described as a "shop-within-a-shop" concept, where they will set up within other larger stores. Which stores that would include were not mentioned. |
re: The Toys R Us thread (update: no longer DEAD)
In case anybody wondered what happened to all the merchandise Toys R Us sent back...
http://user.pa.net/~tao/ollies.jpg And if you've never had the experience of shopping at an Ollies, my condolences. ;) |
re: The Toys R Us thread (update: no longer DEAD)
www.usatoday.com/amp/1857111002
As Kroger stores around me are closing up shop, Kroger’s takes on the concept ... Toys R Us' Geoffrey is back: His 'toy box' will be featured at Kroger this holiday season CHARISSE JONES | USA TODAY | 14 hours ago The Toys R Us mascot is the face of Geoffrey's Toy Box, a collection of brands that will be featured at nearly 600 Kroger-owned grocery stores this holiday season. That means shoppers wanting Imaginarium play sets or You & Me dolls will be able to get them to tuck under the tree even though Toys R Us closed up shop in June after failing to restructure under bankruptcy protection. “We’re excited to offer Geoffrey’s Toy Box this holiday season to provide our customers with the opportunity to purchase a selection of toys once exclusive to Toys R Us,” Robert Clark, Kroger’s senior vice president of merchandising, said in a statement. This marks the debut of Geoffrey's Toy Box, a venture by Toys R Us' one-time lenders who held onto the toy giant's corporate brand names and intellectual properties, including its iconic mascot, Geoffrey the giraffe. A mix of 35 toys, costing from $19.99 to $49.99, will be for sale at various Kroger-owned grocery stores, including Ralphs, Smith's and Fred Meyer, as well as the Kroger namesake chain. |
re: The Toys R Us thread (update: no longer DEAD)
Originally Posted by fujishig
(Post 13419111)
How is that legal? If another company bought the name, I understand they wouldn't be responsible for any of the debt, but if they keep it and use the brand, don't they still have to pay their debtors back?
It's like what happened when Twinkies went bankrupt. A guy bought the good parts: the brand name, the factories, and the delivery routes. He did not buy the debt or the union contracts. He fired a bunch of people, reduced wages, changed the recipe to extend shelf life, and got rid of a lot of delivery routes. Twinkies are still for sale under new ownership. The new owner doubled his money. Retired employees who were relying on pensions or lifetime medical are SOL. |
re: The Toys R Us thread (update: no longer DEAD)
Originally Posted by Nick Danger
(Post 13438178)
Retired employees who were relying on pensions or lifetime medical are SOL.
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re: The Toys R Us thread (update: no longer DEAD)
...What?
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re: The Toys R Us thread (update: no longer DEAD)
Originally Posted by Nick Danger
(Post 13438178)
The brand name is just another asset that gets sold off.
It's like what happened when Twinkies went bankrupt. A guy bought the good parts: the brand name, the factories, and the delivery routes. He did not buy the debt or the union contracts. He fired a bunch of people, reduced wages, changed the recipe to extend shelf life, and got rid of a lot of delivery routes. Twinkies are still for sale under new ownership. The new owner doubled his money. Retired employees who were relying on pensions or lifetime medical are SOL. So new owner, no obligation, they just bought the assets, but the old owner resurrecting everything within a year, that seems really shady. |
re: The Toys R Us thread (update: no longer DEAD)
Originally Posted by Abob Teff
(Post 13437755)
www.usatoday.com/amp/1857111002
As Kroger stores around me are closing up shop, Kroger’s takes on the concept ... Some of these gambles aren't going to work out. |
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