Further Details on Toys R Us Post Bankruptcy Plan
Saturday, October 6th, 2018 3:43AM CDT
Category: Company NewsPosted by: Va'al Views: 23,502
Topic Options: View Discussion · Sign in or Join to reply
According to USA Today, TRU is planning on a series of strategies to remain as a presence, including keeping Geoffrey the giraffe as its mascot, using pop up locations, and changing the name to Geoffrey's Toy Box. The full article here details further what is happening, including the short term business plan, and the presence of Solus Alternative Asset Management and Angelo Gordon funds behind the new company, plus some worker discontent at the latter, and how the new Geoffrey LLC owns the name for TRU and Babies R Us in all countries except Canada. Read more below!
They are also saying they hope to have pop-ups in place inside the stores of a regional mass merchant in time for the holidays, and to relaunch Toys R Us and Babies R Us stores down the road.
Geoffrey's Toy Box introduced itself to toy manufacturers and sellers Tuesday at the opening of the Dallas toy show, with an exhibit booth and a costumed Geoffrey mascot, who was spotted wearing a cape with the words "Back from Vacation." Toy manufacturers at the show were tweeting and posting on LinkedIn that they had spotted Geoffrey and Richard Barry, the former chief merchandising officer at Toys R Us who appears to be heading the new venture for the investors.
The new venture, for now, is being operated out of the Toys R Us headquarters building in Wayne, New Jersey, where a small number of former Toys R Us executives and employees continue to report to work.
News Search
Got Transformers News? Let us know here!
Most Popular Transformers News
Most Recent Transformers News
Posted by First-Aid on October 6th, 2018 @ 11:11am CDT
THe downside is that the space would be smaller as would the selection, potentially. I suspect they would have a robust online presence and selection, but minimal real-world footprint.
Posted by Dinobot-Snarl on October 6th, 2018 @ 6:05pm CDT
Posted by chuckdawg1999 on October 7th, 2018 @ 1:22am CDT
Posted by lakebot on October 8th, 2018 @ 11:07pm CDT
TheTfboy wrote:william-james88 wrote:Decepticon Stryker wrote:Ohpleaseohpleaseohpleaseohpleaseohpleaseohplease
I cannot stress how close to meaningless all this is. All they have is just a name they do not want to sell yet.
Also, seriously, do you anericans miss toysrus? Not the toysrus of your childhoods, i mean the store you could have walked into last year. Have your purchasing habits been affected in anyway since it closed?
All are welcomed to respond.
Homestly, It would've been a great distributor for the Transformers TCG, because I don't know about you, but here in central Florida, finding card packs is a pain.
They are readily available in Walmart(of all places) so you might try there. I was really surprised by that but given how big the MTG and Yughio sections are, I guess I'm not that surprised.
As for the question posed by william-james88, yes. Yes my habits have changed. None of the Target's or Walmarts carry bigger items and they are very hit or miss on what they carry in general. I will say however, the big thing I miss is the non-tf toys. No other local stores carry the Necca lines unless it's the comic shops or the Think Geek store in the mall and some things are a little harder to find. Comic shops mark them up a good $5 or $10 too.
Posted by fenrir72 on October 11th, 2018 @ 7:34pm CDT
Related. Another legend/contemporary bites(will bite) the dust for real this time
"Sears hasn’t earned a profit since 2010.
The company faces a cash crunch as it needs to stock its remaining Sears and Kmart stores for the holidays, and many vendors, from appliance makers to toy companies, now require the company to pay upfront in cash.
Sears has canceled orders from some appliances manufacturers, according to two appliance industry consultants."
Posted by william-james88 on October 11th, 2018 @ 8:17pm CDT
lakebot wrote:As for the question posed by william-james88, yes. Yes my habits have changed. None of the Target's or Walmarts carry bigger items and they are very hit or miss on what they carry in general.
So does that mean you now order your bigger items online?
Posted by First-Aid on October 12th, 2018 @ 1:20pm CDT
william-james88 wrote:lakebot wrote:As for the question posed by william-james88, yes. Yes my habits have changed. None of the Target's or Walmarts carry bigger items and they are very hit or miss on what they carry in general.
So does that mean you now order your bigger items online?
Do we even have a choice anymore? I hate it because majority of the time you have to pay shipping and it always ends up costing more in the end...especially now that states have caught on and are hitting is with sales tax.
Posted by william-james88 on October 12th, 2018 @ 1:50pm CDT
First-Aid wrote:william-james88 wrote:lakebot wrote:As for the question posed by william-james88, yes. Yes my habits have changed. None of the Target's or Walmarts carry bigger items and they are very hit or miss on what they carry in general.
So does that mean you now order your bigger items online?
Do we even have a choice anymore? I hate it because majority of the time you have to pay shipping and it always ends up costing more in the end...especially now that states have caught on and are hitting is with sales tax.
I dont really get either point because for the shipping:
1- Amazon has free shipping for those items
2- BBTS only charges 4$ flat rate
As for taxes, you would pay those if you bought it in stores so I dont see how that would play into this discussion. Unless you meant tax on the shipping but thats still just very marginal based on the figures I wrote above.
Just trying to understand the issues. I am personally waiting for black friday to pick up predaking on amazon and i would have done that whether I found him at brick and mortar retail or not (which turns out I did see at Brick and Motar but didnt pick up).
Posted by First-Aid on October 12th, 2018 @ 2:23pm CDT
I also am a cheap sonuvabitch. So four bucks...damnit, that's two bottles of Boone's Farm! I hate shelling that out when it can go for much grander purposes!
Posted by lakebot on October 13th, 2018 @ 2:16am CDT
william-james88 wrote:First-Aid wrote:william-james88 wrote:lakebot wrote:As for the question posed by william-james88, yes. Yes my habits have changed. None of the Target's or Walmarts carry bigger items and they are very hit or miss on what they carry in general.
So does that mean you now order your bigger items online?
Do we even have a choice anymore? I hate it because majority of the time you have to pay shipping and it always ends up costing more in the end...especially now that states have caught on and are hitting is with sales tax.
I dont really get either point because for the shipping:
1- Amazon has free shipping for those items
2- BBTS only charges 4$ flat rate
As for taxes, you would pay those if you bought it in stores so I dont see how that would play into this discussion. Unless you meant tax on the shipping but thats still just very marginal based on the figures I wrote above.
Just trying to understand the issues. I am personally waiting for black friday to pick up predaking on amazon and i would have done that whether I found him at brick and mortar retail or not (which turns out I did see at Brick and Motar but didnt pick up).
To answer your question, sometimes. Perhaps I am paranoid but I do not like having anything large delivered to my home. My work hours vary every single day. And depending on the method of delivery service, I or my wife may not be home. So it will sit outside on the front porch. I'm really not even so worried about an item being stolen as I am that someone may open it and then either keep coming back or just burglarize my home thinking I have some very massive/expensive collection(I don't and have made it a point not to but that doesn't help me if they break in before they realize that).
This doesn't account for the damage that can occur during the shipping process.
Sadly I do not feel we have much of a choice anymore at this point. But that does not mean I have to like/agree with it. Some of the people here may be used to doing the online route only. I do as well for certain things. But not for anything big if I can help it. That is why I was frustrated about trying to get Trypticon in store. They couldn't even do that right and I had to go BBTS. As for Predaking, I will wait to see if Think Geek has it. Online will always be my last option.
Posted by lakebot on October 13th, 2018 @ 2:33am CDT
First-Aid wrote:I think there is also that ever present doubt in some people's minds when it comes to whether or not they are going to buy a figure. I know in some cases, I'd rather have seen the product in person before purchase. The internet is a great thing, but nothing beats an optic inspection.
I also am a cheap sonuvabitch. So four bucks...damnit, that's two bottles of Boone's Farm! I hate shelling that out when it can go for much grander purposes!
The shipping with BBTS is really great when you think about it. I could not ship items that cheap to anyone and they aren't bad when compared to other outlets(with several having free shipping) so I certainly don't grimace at the price. I don't haveto see the item first either.
Another point someone mentioned was Walmart clearing space to, I guess, expand their toys sections? Not from what I have seen although I understand we are still early on in this post "TRU whatever we are calling it".
Despite the feeling I get from conversation that a lot of people feel online is the way to go, and the way everyone prefers to buy, I don't believe it. The mall and anywhere near the mall will be a total mess come Black Friday-Christmas eve. I feel people do whatever they find most convenient and for whatever reason(s) online may not always be the best option for them.
Posted by william-james88 on February 27th, 2019 @ 1:49pm CST
Posted by Burn on February 27th, 2019 @ 4:10pm CST
Posted by D-Maximal_Primal on February 27th, 2019 @ 5:58pm CST
Burn wrote:Video Unavailable.
How ironic. TRU Canada is available, but the video the Canadian shares is not
Posted by Burn on February 27th, 2019 @ 6:13pm CST
D-Maximal_Primal wrote:Burn wrote:Video Unavailable.
How ironic. TRU Canada is available, but the video the Canadian shares is not
nah, that's just Billy-Jim's Canadian bias showing through again.
Posted by chuckdawg1999 on February 28th, 2019 @ 5:36pm CST
What is it supposed to be?
Posted by First-Aid on February 28th, 2019 @ 5:49pm CST
chuckdawg1999 wrote:
What is it supposed to be?
A Canadian Beast Wars figure...turns from a robot to a beaver. Name is Hoser. The tail in animal mode turns into a hockey stick weapon in robot mode, and one of the teeth in beaver mode is missing...
Posted by william-james88 on February 28th, 2019 @ 8:55pm CST
After months of searching, we are pleased to announce our newest Chief Play Officer, 11 year old Méganne Dagenais!! We surprised Méganne at her local Toys “R” Us Canada store in LaSalle, Quebec, to announce she had won the coveted role to be our brand ambassador. Check out the video to see! #CPO #Play
Here is the URL
https://www.facebook.com/ToysRUsCanada/ ... 325028752/
I try to post it and get this:
Posted by william-james88 on February 28th, 2019 @ 9:01pm CST
In the Philippines, the store in Robinsons Galleria now has a giant Cybertron/Galaxy Force Optimus Prime tearing through the Transformers display. This works perfectly with the upcoming leader class figure.
In Canada, Toysrus is making sure kids have something to do for March break (next week) with activities every day. They can be seen below. This was posted on their Facebook page along with a video showing them keeping a yearly tradition. They had a contest to find the next Chief Play Officer. The announcement happened to take place at your fellow editor's local Toysrus store.
You can watch the video here
After months of searching, we are pleased to announce our newest Chief Play Officer, 11 year old Méganne Dagenais!! We surprised Méganne at her local Toys “R” Us Canada store in LaSalle, Quebec, to announce she had won the coveted role to be our brand ambassador. Check out the video to see! #CPO #Play
And here are the March Break activities:
MONDAY
Dragon Trainers Unite!
Five years have passed since Hiccup and Toothless united the dragons and Vikings of Berk.
Join “Us” for a puzzle make and take and tote bag giveaway to celebrate their return!
Max. 70 per store.
TUESDAY
Design & Create a Bracelet
Spin up some fun with the KumiKreator™ from Spin Master! Your child and their bestie can enjoy an interactive product demo that will have them and our product expert spinning up a unique bracelet!
Max. 100 per store.
WEDNESDAY
It's Morphin' Time!
Your kids can become a certified Ranger. Take part in our Power Rangers training activities and learn to think, act and dress like a Ranger. PLUS free swag!
Max. 50 per store.
THURSDAY
Build a LEGO® City Dragster
Ready, Set, Go! Join the racing crowd at this awesome LEGO® make and take activity!
Max. 100 per store.
FRIDAY
Express Yourself with Beads
Spell it out and express your individuality with the Alphabet Bead DIY activity! Kids can create a unique bracelet or keychain and take it home!
Max. 100 per store.
Posted by TFanPage101 on February 28th, 2019 @ 9:40pm CST
Posted by william-james88 on February 28th, 2019 @ 9:56pm CST
TFanPage101 wrote:Whenever I bring up Toys'R'Us, someone points out the US closing. It's gotten a little annoying tbh, especially when they have to tell me 'TRU is closed, what are you talking about'... not in Canada.
Agreed!
The first comment on twitter whenever an article like this is posted is "What's toysrus" or "Toysrus, you sure about that?" or some BS like that. Its annoying, but we all know why they do it, they are just jealous
Posted by Burn on February 28th, 2019 @ 10:00pm CST
william-james88 wrote:TFanPage101 wrote:Whenever I bring up Toys'R'Us, someone points out the US closing. It's gotten a little annoying tbh, especially when they have to tell me 'TRU is closed, what are you talking about'... not in Canada.
Agreed!
The first comment on twitter whenever an article like this is posted is "What's toysrus" or "Toysrus, you sure about that?" or some BS like that. Its annoying, but we all know why they do it, they are just jealous
So for something different then.
Your video is geo-blocked.
Posted by william-james88 on February 28th, 2019 @ 10:05pm CST
Burn wrote:william-james88 wrote:TFanPage101 wrote:Whenever I bring up Toys'R'Us, someone points out the US closing. It's gotten a little annoying tbh, especially when they have to tell me 'TRU is closed, what are you talking about'... not in Canada.
Agreed!
The first comment on twitter whenever an article like this is posted is "What's toysrus" or "Toysrus, you sure about that?" or some BS like that. Its annoying, but we all know why they do it, they are just jealous
So for something different then.
Your video is geo-blocked.
That sucks though, no wonder it wasnt showing up
Posted by KTRfan224 on March 1st, 2019 @ 3:05am CST
Posted by Editor on March 1st, 2019 @ 8:14am CST
Even with the troubles last year, they had a child in the position.
Posted by TFanPage101 on March 1st, 2019 @ 9:37am CST
william-james88 wrote:TFanPage101 wrote:Whenever I bring up Toys'R'Us, someone points out the US closing. It's gotten a little annoying tbh, especially when they have to tell me 'TRU is closed, what are you talking about'... not in Canada.
Agreed!
The first comment on twitter whenever an article like this is posted is "What's toysrus" or "Toysrus, you sure about that?" or some BS like that. Its annoying, but we all know why they do it, they are just jealous
My favorite (not really) is always the 'You sure about that' comments. Or like I made the mistake.
Posted by o.supreme on March 1st, 2019 @ 10:22am CST
My instant reaction was to feel sad in that most kids wont even understand the reference. But I guess that would only be kids in the US.
---And honestly, I'm not jealous. I am saddened at the closing here, but genuinely happy for others that still have TRU available to them. There are still articles about the potential return in the U.S. via website sometime this fall, and KB toy stores possibly returning....I know not every one of them is newsworthy, until something more definitive comes forth.
Also for the record, everyone says Blockbuster Video has been dead for years (it basically is... ), but there is still one store left in operation
Posted by william-james88 on March 1st, 2019 @ 12:58pm CST
o.supreme wrote:---And honestly, I'm not jealous. I am saddened at the closing here, but genuinely happy for others that still have TRU available to them. There are still articles about the potential return in the U.S. via website sometime this fall, and KB toy stores possibly returning....I know not every one of them is newsworthy, until something more definitive comes forth.
Well the closing of toysrus in the US was not completely unexpected by collectors. It was the death of an era but many had not set foot in there for collecting purposes, as I understood it. It stayed alive in the countries where it had good management, good initiatives and good inventory practices, what a big coincidence
And yeah, I see those articles too. They will become newsworthy the minute they sell Transformers toys. And I dont know when that will happen because Hasbro is mega burnt over it.
One last bit about dead franchises, in Canada Dunkn Donuts is (almost) officially dead. It was big once but with Tim Hortons becoming so big, Dunkn didnt bother putting up a fight and didnt support Canadian franchisees. So little by little it all crumbled until there were just a few left in Quebec (my province). Last year they closed the final 4 BUT one of them stayed open and simply changed the name. So you can still buy Dunkn Donuts at 1 store in all of Canada haha.
Posted by norehemmy on November 28th, 2022 @ 12:29am CST