Toys 'R' Us plans to close all U.S. stores

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Toys 'R' Us plans to close all U.S. stores

Post by Rob Lister » Thu Mar 15, 2018 12:21 pm

Bankrupt Toys ‘R’ Us Inc is preparing to sell or close all 885 stores in its U.S. chain, risking up to 33,000 jobs, after failing to reach a deal to restructure billions of dollars in debt, a person familiar with the matter said on Wednesday.
https://www.reuters.com/article/us-toys ... SKCN1GQ36S

In a nutshell, it's worth more in pieces, though I don't know why. At any rate, China will be devastated.

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Re: Toys 'R' Us plans to close all U.S. stores

Post by Anaxagoras » Thu Mar 15, 2018 4:18 pm

Amazon killed them basically. Or maybe not. But they certainly didn't help. Also they were bought out by private equity a few years ago and they loaded the company up with debt.

http://money.cnn.com/2018/03/15/news/co ... index.html
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Re: Toys 'R' Us plans to close all U.S. stores

Post by Abdul Alhazred » Thu Mar 15, 2018 4:34 pm

Anaxagoras wrote:Amazon killed them basically. Or maybe not.
Not. In fact had a successful online presence early on.
... loaded the company up with debt.
That one.
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Re: Toys 'R' Us plans to close all U.S. stores

Post by sparks » Thu Mar 15, 2018 7:57 pm

But...teh childrenz!!11
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Re: Toys 'R' Us plans to close all U.S. stores

Post by shemp » Sat Mar 17, 2018 5:23 pm

It's about time! I hate toys!
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Re: Toys 'R' Us plans to close all U.S. stores

Post by De_Bunk » Sat Mar 17, 2018 6:00 pm

They are closing all UK stores as well...

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Re: Toys 'R' Us plans to close all U.S. stores

Post by Pyrrho » Sat Mar 17, 2018 6:02 pm

Someone was blaming Bain Capital for loading Toys R Us with toxic dept.
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Re: Toys 'R' Us plans to close all U.S. stores

Post by sparks » Sat Mar 17, 2018 6:34 pm

Oh Noez! Not that fucking tit-head Romney again. He doesn't hate the childrenz, yet he wants all the toyz for himself methinks.
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Re: Toys 'R' Us plans to close all U.S. stores

Post by shemp » Sat Mar 17, 2018 6:51 pm

sparks wrote:Oh Noez! Not that fucking tit-head Romney again. He doesn't hate the childrenz, yet he wants all the toyz for himself methinks.
A complete douchenozzle who has no clue and couldn't give a fuck about people with less than a billion dollars.
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Re: Toys 'R' Us plans to close all U.S. stores

Post by sparks » Sat Mar 17, 2018 6:54 pm

Just what we got in the last election, except Mittster had much better hair. Not much else, but better hair. The stupid lying slug fucker.
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Re: Toys 'R' Us plans to close all U.S. stores

Post by Anaxagoras » Sat Mar 17, 2018 11:40 pm

Pyrrho wrote:Someone was blaming Bain Capital for loading Toys R Us with toxic dept.

The private equity takeover was part of it. As you say, they did load up the company with a lot of debt when they took it over (and paid themselves various "consulting fees" and such at the time).

At the same time though, it was an unfortunate timing to take over the company because lots of "brick and mortar" retailers are having a rough time of it these days. Sears is in its death throes, and a bunch of other retail companies have either gone out of business or are on the verge of doing so. So I think it's a combination of the debt plus Amazon taking a larger and larger share of market away from them every year, which makes making payments on the large debt all but impossible.

http://theweek.com/articles/761124/how- ... ate-toys-r
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Re: Toys 'R' Us plans to close all U.S. stores

Post by Rob Lister » Wed Mar 21, 2018 2:03 pm

And Amazon to pick up the pieces!

Amazon Has Considered Buying Some Toys ‘R’ Us Stores
https://www.bloomberg.com/news/articles ... -us-stores

Pretty smart. Prime real estate with shelves.

It isn't as ironic as Peter Thiel buying up Gawker, but its still funny.

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Re: Toys 'R' Us plans to close all U.S. stores

Post by Anaxagoras » Thu Mar 22, 2018 12:07 am

That could work.
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Re: Toys 'R' Us plans to close all U.S. stores

Post by Abdul Alhazred » Thu Mar 22, 2018 3:27 pm

Latest right wing buzz.

Toys Я Us is failing due to lack of children, and guess what ...

http://www.lifenews.com/2018/03/21/toys ... arenthood/
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