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

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

Post by Rob Lister »

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

Post by Anaxagoras »

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

Post by Abdul Alhazred »

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

Post by sparks »

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

Post by shemp »

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

Post by De_Bunk »

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 »

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 »

Oh Noez! Not that fucking tit-head Romney again. He doesn't hate the childrenz, yet he wants all the toyz for himself methinks.
You can lead them to knowledge, but you can't make them think.

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

Post by shemp »

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.
"It is not I who is mad! It is I who is crazy!" -- Ren Hoek

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Freedom of choice
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They thought Trump would throw them Charmin.

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

Post by sparks »

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.
You can lead them to knowledge, but you can't make them think.

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

Post by Anaxagoras »

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

Post by Rob Lister »

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

Post by Anaxagoras »

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

Post by Abdul Alhazred »

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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The arc of the moral universe bends towards chaos.
People who believe God or History are on their side provide the chaos.