Poll of the Day > lowkey miss toys r us

(+) Yeah! (+)

https://www.youtube.com/watch?v=yzSQ7ErTyoA" data-time="

is the toy industry gone for good?
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-Komaiko54- posted...

is the toy industry gone for good?

Uh, the toy industry is more than just one retailer... and TRU more or less collapsed because people were buying from those other retailers.
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Ive got two young nieces, trust me toys are selling just fine
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Zeus posted...

-Komaiko54- posted...

is the toy industry gone for good?

Uh, the toy industry is more than just one retailer... and TRU more or less collapsed because people were buying from those other retailers.

I am talking about more than just one retailer stew pid
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-Komaiko54- posted...

Zeus posted...

-Komaiko54- posted...

is the toy industry gone for good?

Uh, the toy industry is more than just one retailer... and TRU more or less collapsed because people were buying from those other retailers.

I am talking about more than just one retailer stew pid

I had to google that slang and I was shocked (but not too shocked) and offended (but not too offended) to learn it was an insult! More importantly, you say that you're talking about more than one retailer but you're literally just highlighting one retailer who lost out to other retailers.
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and TRU more or less collapsed because people were buying from those other retailers.

I thought it was more of a financial debacle from a buyout long ago that they could never overcome becasue of interest.
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^ That's what I've read. It was basically impossible for them to survive because of how the buyout was structured.
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They're still alive and well in Canada. They broke off from Toys R Us in the States so they wouldn't get dragged down as well.
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Gonna suck because this will be the first BF without it. Usually stopped there for at least one or two good deals. Got my GXTV, PS1, Wii, and Wii U at that same TrU.
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Toys r us has always been over priced. It was their downfall.

DPsx7 posted...

Gonna suck because this will be the first BF without it. Usually stopped there for at least one or two good deals. Got my GXTV, PS1, Wii, and Wii U at that same TrU.

I remember when I was a kid, my mom use to go there on BF to get stuff for Christmas all the time. I do remember them having some pretty good deals at one point...
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MICHALECOLE posted...

Toys r us has always been over priced. It was their downfall.

Actually, their downfall was the likes of KKR and Bain Capital loading them with massive debt.
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LOLIAmAnAlt posted...

and TRU more or less collapsed because people were buying from those other retailers.

I thought it was more of a financial debacle from a buyout long ago that they could never overcome becasue of interest.

Never understood the nostalgia for these dumpy overpriced stores.

LOLIAmAnAlt posted...

I thought it was more of a financial debacle from a buyout long ago that they could never overcome becasue of interest.

Something like that. Basically the CEO leveraged the whole company and sunk it.
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It was only overpriced if you didn't do your research. No more markup than other places would do. I'd wander in for their B2G1's on video or board games.
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Miroku_of_Nite1 posted...

Never understood the nostalgia for these dumpy overpriced stores.

Growing up it was literally the only store that sold video games in my area until around 91 or 92 when Ho Rc Hobbies decided to slowly become a used game retailer. Even then, they were about 20 miles from my house while Toys R' Us was about 10 miles.

Granted, that nostalgia kind of died stepping into one about 3 years ago, but it was still where I got all of my video games for the first 5 years of my video gaming career.
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Zeus posted...

-Komaiko54- posted...

is the toy industry gone for good?

Uh, the toy industry is more than just one retailer... and TRU more or less collapsed because people were buying from those other retailers.

Nope. They had some debt and then had a leveraged buyout in the 2000's take them from a public company to a private company saddling them with debt more than the company was worth (Fuck Mitt Romney). If you don't consider the leveraged buyout debt the company was profitable but they couldn't handle the absurd debt payments. There were other fiascos like messing up an online retailer deal and falling behind, but the debt made it hard to invest in big changes and keep up.

But toys r us is still around. I don't know how but after selling all the stores and fucking over all their employees they seem to have somehow canceled selling off the brands and rebranded as "Geoffreys Toy Box" I believe.

https://www.supermarketnews.com/nonfood-pharmacy/kroger-revive-toys-r-us-holidays

I'm going to speak bluntly and say I don't understand how this is legal. They haven't given us our severance, they cleared their debt, and they maintain their brands. I'm going to hate this new version of Toys R Us for as long as it exists probably because the people in charge of it belong in prison. I'm even hearing rumors Toys R Us is going to start opening up small stores in malls and stuff next year.

BlackScythe0 posted...

I'm going to speak bluntly and say I don't understand how this is legal.

Chapter 11 bankruptcy. Basically the closing of all of it's stores in the US and UK (as well as selling off the ones in Canada and the rest of Europe) was the condition by which it was allowed to exist. Chapter 11 is how you avoid having to sell off everything to get out of debt (Chapter 7 being the "liquidate everything" bankruptcy).
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Not too hard to miss.

I can't remember the last time that I went into a Toys R Us looking for something and walked out with that exact thing. I've had better luck at those shitty K-Marts.
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Dikitain posted...

BlackScythe0 posted...

I'm going to speak bluntly and say I don't understand how this is legal.

Chapter 11 bankruptcy. Basically the closing of all of it's stores in the US and UK (as well as selling off the ones in Canada and the rest of Europe) was the condition by which it was allowed to exist. Chapter 11 is how you avoid having to sell off everything to get out of debt (Chapter 7 being the "liquidate everything" bankruptcy).

Actually Toys R Us Canada broke away from the American ownership early on in the bankruptcy process, this was still back when it was thought there was no way the American company was going to survive in any form.
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Dikitain posted...

BlackScythe0 posted...

I'm going to speak bluntly and say I don't understand how this is legal.

Chapter 11 bankruptcy. Basically the closing of all of it's stores in the US and UK (as well as selling off the ones in Canada and the rest of Europe) was the condition by which it was allowed to exist. Chapter 11 is how you avoid having to sell off everything to get out of debt (Chapter 7 being the "liquidate everything" bankruptcy).

They didn't sell everything off though. They canceled the auction right after the stores all closed.

BlackScythe0 posted...

Dikitain posted...

BlackScythe0 posted...

I'm going to speak bluntly and say I don't understand how this is legal.

Chapter 11 bankruptcy. Basically the closing of all of it's stores in the US and UK (as well as selling off the ones in Canada and the rest of Europe) was the condition by which it was allowed to exist. Chapter 11 is how you avoid having to sell off everything to get out of debt (Chapter 7 being the "liquidate everything" bankruptcy).

They didn't sell everything off though. They canceled the auction right after the stores all closed.

Exactly, that is Chapter 11.
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Dikitain posted...

BlackScythe0 posted...

Dikitain posted...

BlackScythe0 posted...

I'm going to speak bluntly and say I don't understand how this is legal.

Chapter 11 bankruptcy. Basically the closing of all of it's stores in the US and UK (as well as selling off the ones in Canada and the rest of Europe) was the condition by which it was allowed to exist. Chapter 11 is how you avoid having to sell off everything to get out of debt (Chapter 7 being the "liquidate everything" bankruptcy).

They didn't sell everything off though. They canceled the auction right after the stores all closed.

Exactly, that is Chapter 11.

I don't know how it is supposed to work, all I know is what was "supposed to happen" did not happen and Bain Capitol and the other pieces of shit got to fuck people over while keeping the important things.

DPsx7 posted...

It was only overpriced if you didn't do your research. No more markup than other places would do. I'd wander in for their B2G1's on video or board games.

Every single toy they had was cheaper at Walmart or Amazon.

BlackScythe0 posted...

I don't know how it is supposed to work, all I know is what was "supposed to happen" did not happen and Bain Capitol and the other pieces of shit got to fuck people over while keeping the important things.

But it did happen how it was supposed to happen.
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Revelation34 posted...

Every single toy they had was cheaper at Walmart or Amazon.

They had good game sales, though. Better than some other places...
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Guess you shouldnt call people stew pid, Tamon, because it got your ass warned lol

Revelation34 posted...

BlackScythe0 posted...

I don't know how it is supposed to work, all I know is what was "supposed to happen" did not happen and Bain Capitol and the other pieces of shit got to fuck people over while keeping the important things.

But it did happen how it was supposed to happen.

What was supposed to happen was a full auction of the brands held by the company.

Miroku_of_Nite1 posted...

Never understood the nostalgia for these dumpy overpriced stores.

=(

They had far more selection than other offline retailers, though.

BlackScythe0 posted...

I'm going to speak bluntly and say I don't understand how this is legal. They haven't given us our severance, they cleared their debt, and they maintain their brands. I'm going to hate this new version of Toys R Us for as long as it exists probably because the people in charge of it belong in prison. I'm even hearing rumors Toys R Us is going to start opening up small stores in malls and stuff next year.

That is absolutely crazy, since employee payments are supposed to be at the top of the queue when it comes to debt.
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