Sad, but not unexpected. They certainly didn't draw in any new customers in with their stylish and inviting architecture. The exterior of the store on Reynolds is testament to doing just enough to get by. It looks dated, sad, and desperate, and bums me out whenever I drive by it.
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Looks like stores are staying open, at least in the short term. Long term, I can't see them staying open. Their prices have always been high. Like you said, they don't keep up their stores, either.
Sad. I worked at TRU for just over 2 years back in college. I loved that job. Christmas was crazy and I enjoyed almost every minute of it.
Yeah, it's Chapter 11 now, but I don't see how they aren't just delaying Chapter 7. I'm not sure how a company like that comes up with a go-to-market strategy that solves the "can you survive alongside Amazon?" dilemma. And that really sucks, because I guarantee 10 out of 10 kids would rather go to the store and physically see and touch the toys they want for Christmas, birthday,s etc. But the parent buying the toy is going to go home and figure out where the cheapest option comes from, which is Amazon.
Looks like no Season 2 for "The Toy Box" I actually enjoyed the show.
I'm shocked they have stayed in business this long. Their stores are dated and you can find the popular toys for less at Walmart and on Amazon.
To be honest I thought they closed years ago.
I'm surprised they had the funding for "Toy Box" unless Mattel provided most of the backing and they got free advertising in exchange to agree carry the winning toy
sep 19, 2017 axios.com story
WAIT! Hills filed Bankruptcy?! Where will I get the hits?! LPs and cassettes!
Kidding aside, I really want brick and mortar to work, but as mentioned above, the damn stores are dirty and outdated. When I drive by late at night it looks like the set for a horror movie.
I'm sure Sears will be on that list pretty soon.
A roommate of mine in college worked at Toys R Us a couple years as seasonal help during winter break and said it was a great job as far as retail jobs went but that was many years ago.
I'm surprised Grant's wasn't on that list
WAIT WAIT YOU GUYS STOP ME IF YOU'VE HEARD THIS ONE BEFORE
Capital group buys successful retailer that owns a retail space focused heavily on a well-defined market space. Capital group then sells off assets rapidly and leverages the company into debt operation in order to recoup the purchase price. Capital group THEN focuses entirely on growth of quarterly / annual EBITDA with minimal capital investment, continual working expense reduction, and no true innovations in the space. Capital group takes in the profits, allows a small amount to trickle back to the board / leadership of the company, and moves along.
Company's sales decline, and the capital group having made its margin solidly on the purchase and operation of the company allows it to slide into either (a) bankruptcy or (b) acquisition by another capital company. If (b), then rinse and repeat with another well-known brand. If (a), rinse those debts off, let the company go for peanuts, take your profits that the capital group squeezed out, and repeat with the next well-known brand.
Like Butch kept saying to Sundance, who are those guys?
I figured Montgomery Ward would have been in the top ten of retail bankruptcies. I never realized webvan was that big of an operation.
They own their own store on Monroe Street. Interested to see who will take over. I can see Petco leaving too as their store is massive.
On a positive note Anyone see the new hobby lobby on airport highway next to Sears?
I have a friend who owns the land that the Reynolds road store is built on. Instead of selling the property to Toys R US he leased the land to them for 99 years and collects payments from them for it. If they close the store he ends up with the land and building at no cost. This creative deal allowed to retire 30 years ago. He did sell the one front lot to them.
Another giraffe will be out of work. Going to start a gofundme page for Geoffrey!!
Just read that Dave Brandon, embattled former UofM Athletic Director....has been CEO of Toys R Us since June 2015!!! Hahahaha Ran Dominos into the ground. Wore out his welcome at UofM with silly promotional ideas and poor coaching hires. Now runs Toys R Us into ruin. Sadly, he probably just keeps making more and more money along the way. Chances are his next step will fetch even more.
Toy Box season 2 started tonight and they are advertising the winning toy will be sold exclusively at Toys R Us so they must plan on keeping a lot of stores open.
I don't understand how they can be a sponsor if they are under bankruptcy protection and their creditors they are screwing over aren't complaining about those funds being spent on this
they probably agreed to be a sponsor months and months ago
I've watched a lot of TV with my kids over the years. There are a lot of bad shows and actually some that I like, but The Toy Box is a show that I just can't watch. Something about it is just nails on a chalkboard to me.