Toys R Us reveals closing dates and liquidating stores
Monday, March 19th, 2018 8:39PM CDT
Category: Toy NewsPosted by: WreckerJack Views: 23,266
Topic Options: View Discussion · Sign in or Join to reply
We have more news regarding Toys R Us going out of business. A quick thanks to Emerje for bringing this to our attention. This news comes to us from Business Insider. Toys R Us is planning to close all of it's stores and liquidate all of it's items. Toys R Us has notified employees that stores and warehouses will be shutting down by May 14th. According to employees, liquidation sales will start Thursday of this week so keep a look out. There is still time for one last visit. If you feel nostalgic you may want to read our editorial, Remembering Toys R Us.
Credit(s): Business Insider
News Search
Got Transformers News? Let us know here!
Most Popular Transformers News
Most Recent Transformers News
News Categories: Toy News, Movie Related News, Cartoon News, Comic Book News, Site News, Rumors, Event News, Digital Media News, Collectables, Sponsor News, Game News, Site Articles, Store News, Reviews, People News, Company News, Sightings, Press Releases, Unlicensed Products News, Auctions, Transtopia, Interviews, Editorials, Collector's Club News, Knock Offs, Podcast, Heavy Metal War, Contests, Book News, Top Lists
Re: Toys R Us reveals closing dates and liquidating stores (1947162)
Posted by EunuchRon on March 19th, 2018 @ 9:40pm CDT
Posted by EunuchRon on March 19th, 2018 @ 9:40pm CDT
"One shall stand, one shall fall".
KB stands when TRU falls? If that happens, just weird, man. Weird.
KB stands when TRU falls? If that happens, just weird, man. Weird.
Re: Toys R Us reveals closing dates and liquidating stores (1947164)
Posted by william-james88 on March 19th, 2018 @ 10:02pm CDT
You know what else is weird? KB Toys still exists as an actual e-bay store... and they sell TRU exclusives
https://rover.ebay.com/rover/1/711-53200-19255-0/1?siteid=0&pub=5574891718&campid=5336631220&customid=&toolid=10001&mkevt=1&mpre=https%3A%2F%2Fwww.ebay.com%2Fitm%2FChubby-Puppies%20...%203332253655%3C%2Fa%3E%3F
Posted by william-james88 on March 19th, 2018 @ 10:02pm CDT
EunuchRon wrote:"One shall stand, one shall fall".
KB stands when TRU falls? If that happens, just weird, man. Weird.
You know what else is weird? KB Toys still exists as an actual e-bay store... and they sell TRU exclusives
https://rover.ebay.com/rover/1/711-53200-19255-0/1?siteid=0&pub=5574891718&campid=5336631220&customid=&toolid=10001&mkevt=1&mpre=https%3A%2F%2Fwww.ebay.com%2Fitm%2FChubby-Puppies%20...%203332253655%3C%2Fa%3E%3F
Re: Toys R Us reveals closing dates and liquidating stores (1947168)
Posted by EunuchRon on March 19th, 2018 @ 10:18pm CDT
Posted by EunuchRon on March 19th, 2018 @ 10:18pm CDT
Heavy... 
Re: Toys R Us reveals closing dates and liquidating stores (1947170)
Posted by WreckerJack on March 19th, 2018 @ 11:11pm CDT
Posted by WreckerJack on March 19th, 2018 @ 11:11pm CDT
Got a text from a buddy saying that TRU doesn't to website orders to in store pickup. (you can still order from their site just not in store pickups) Did a check and sure enough I do not see that feature. Looks like their free shipping benchmark went up to 99$ for whatever reason.
Also heard from another person that grocery stores are cutting up TRU giftcards as they are being recalled. If you have any TRU giftcards or credit, use them up ASAP. Claim what is rightfully yours before it's too late.
Also heard from another person that grocery stores are cutting up TRU giftcards as they are being recalled. If you have any TRU giftcards or credit, use them up ASAP. Claim what is rightfully yours before it's too late.
Re: Toys R Us reveals closing dates and liquidating stores (1947172)
Posted by fenrir72 on March 19th, 2018 @ 11:33pm CDT
Posted by fenrir72 on March 19th, 2018 @ 11:33pm CDT
https://www.foxbusiness.com/features/if ... p=obinsite
"Many are speculating that Toys “R” Us liquidation plans to shutter all of its U.S. stores is imminent after the toy giant announced plans to close all of its UK stores on Wednesday.
The retailer has been struggling to keep afloat after a lackluster holiday season and failing to find a buyer to help the toy giant out of its massive piles of debt. But as with any retailer’s demise, many industry insiders are already weighing in on who could potentially capitalize off the toy giant’s death.
Although the likely winners will be Amazon, Walmart and Target, leading toy expert and CEO of TTPM.com Jim Silver says other big retail chains have already started to add more toys.
“Best Buy is expanding their toy selection. Party City is adding more toys. FAO is reopening. Kohl’s and JC Penney will carry more toys,” Silver tells FOX Business, adding that he also expects smaller specialty chains to expand as a result.
Another possibility, adds Silver, is that one of the larger international toy chains such as UK- based Smyths Toys could now be looking to target the U.S.
Gerrick Johnson, a toy analyst for BMO Capital Markets, says if liquidation happens, the move will most likely only affect smaller toy companies, and giants like Mattel and Hasbro will likely gain market share because of their scale—eventually.
“It will be harder for new products to emerge and for untested concepts to be tried out,” Johnson tells FOX Business. “So there will be disruption in the near term if these stores liquidate.”
Many big toy makers, he says, will likely struggle this year as Toys “R” Us shutters 180 store locations across the country over the next two months because of the steep discounts it’s currently offering on toys.
“These goods are 20% to 70% off. And that sell-through won't generate reorders. So the first half, and potentially the full year, will be difficult for toy companies because of this,” Johnson says.
A representative for Toys “R” Us declined to comment to FOX Business in regards to the possible liquidation.
Toys “R” Us has been struggling for several months now. In September, just before the holiday season, the company filed for bankruptcy protection as its sales have been waning and debt was piling up. Then in late January, the retailer announced its plans to shutter roughly 180 stores across the country, wiping out one-fifth of its U.S. store fleet."
https://nypost.com/2018/03/14/toys-r-us ... res-alive/
" Geoffrey the giraffe may be close to extinction — but he ain’t dead yet.
Toys ‘R’ Us is in talks to save the chain from total liquidation, The Post has learned.
As the embattled retailer braces for a bankruptcy court filing on Thursday that would begin an orderly shutdown of the 70-year-old company, investors are weighing the possibility of salvaging a downsized version of the 800-store chain, sources said.
It’s not clear how many stores could be saved."
https://nypost.com/2018/03/15/toys-r-us ... ed-wounds/
"Toys R Us said Thursday it was giving up its fight to stay alive, and that it was killed by vendors that failed to support the 70-year-old chain, by rivals whose predatory prices created a long string of losses and by the media focus on its travails.
Chief executive David Brandon ticked off a long list of suspects, including Target, Walmart and Amazon.
But a look at the actions and inactions of the once-mighty chain reveals the long-troubled retailer wasn’t murdered — it committed suicide."
"Many are speculating that Toys “R” Us liquidation plans to shutter all of its U.S. stores is imminent after the toy giant announced plans to close all of its UK stores on Wednesday.
The retailer has been struggling to keep afloat after a lackluster holiday season and failing to find a buyer to help the toy giant out of its massive piles of debt. But as with any retailer’s demise, many industry insiders are already weighing in on who could potentially capitalize off the toy giant’s death.
Although the likely winners will be Amazon, Walmart and Target, leading toy expert and CEO of TTPM.com Jim Silver says other big retail chains have already started to add more toys.
“Best Buy is expanding their toy selection. Party City is adding more toys. FAO is reopening. Kohl’s and JC Penney will carry more toys,” Silver tells FOX Business, adding that he also expects smaller specialty chains to expand as a result.
Another possibility, adds Silver, is that one of the larger international toy chains such as UK- based Smyths Toys could now be looking to target the U.S.
Gerrick Johnson, a toy analyst for BMO Capital Markets, says if liquidation happens, the move will most likely only affect smaller toy companies, and giants like Mattel and Hasbro will likely gain market share because of their scale—eventually.
“It will be harder for new products to emerge and for untested concepts to be tried out,” Johnson tells FOX Business. “So there will be disruption in the near term if these stores liquidate.”
Many big toy makers, he says, will likely struggle this year as Toys “R” Us shutters 180 store locations across the country over the next two months because of the steep discounts it’s currently offering on toys.
“These goods are 20% to 70% off. And that sell-through won't generate reorders. So the first half, and potentially the full year, will be difficult for toy companies because of this,” Johnson says.
A representative for Toys “R” Us declined to comment to FOX Business in regards to the possible liquidation.
Toys “R” Us has been struggling for several months now. In September, just before the holiday season, the company filed for bankruptcy protection as its sales have been waning and debt was piling up. Then in late January, the retailer announced its plans to shutter roughly 180 stores across the country, wiping out one-fifth of its U.S. store fleet."
https://nypost.com/2018/03/14/toys-r-us ... res-alive/
" Geoffrey the giraffe may be close to extinction — but he ain’t dead yet.
Toys ‘R’ Us is in talks to save the chain from total liquidation, The Post has learned.
As the embattled retailer braces for a bankruptcy court filing on Thursday that would begin an orderly shutdown of the 70-year-old company, investors are weighing the possibility of salvaging a downsized version of the 800-store chain, sources said.
It’s not clear how many stores could be saved."
https://nypost.com/2018/03/15/toys-r-us ... ed-wounds/
"Toys R Us said Thursday it was giving up its fight to stay alive, and that it was killed by vendors that failed to support the 70-year-old chain, by rivals whose predatory prices created a long string of losses and by the media focus on its travails.
Chief executive David Brandon ticked off a long list of suspects, including Target, Walmart and Amazon.
But a look at the actions and inactions of the once-mighty chain reveals the long-troubled retailer wasn’t murdered — it committed suicide."
Re: Toys R Us reveals closing dates and liquidating stores (1947175)
Posted by Ted_Spaghetti on March 19th, 2018 @ 11:50pm CDT
Posted by Ted_Spaghetti on March 19th, 2018 @ 11:50pm CDT
I'm leaving to a city (180 miles from where I live, theres no TRU here) on Thursday night, so sales will be ready right when I get there. As for TRU and it's end, I don't feel all that bad about it. Prices are ridiculous compared to Walmart and Target (no wonder why TRU has lost to them) and the managment is garbage. I only have a few memories of Toys R Us that were special, like going in 2010 and looking at Leader Starscream or when DOTM cyberverse Optimus Prime came out as the exclusive preview toy. Oh well, I guess I better get ready for the end. K-B relaunch, here I come!
Re: Toys R Us reveals closing dates and liquidating stores (1947184)
Posted by lakebot on March 20th, 2018 @ 12:39am CDT
I am seeing a lot of people indicating they feel Walmart, Target, and Amazon are better options or at least the options people will be using. While I must agree I personally use them for various purchases, including toys and transformers in particular, they are not always the best option and I think people are overlooking that. It’s already been mentioned that TRU did/was/was supposed to carry items you either couldn’t get from those locations or at least not in store. If KB comes back I don’t see this being any different and as I recall, until their last days, their toy selection was far superior to that of Walmart or Target. I do not consider Amazon for hardly any purchases(but I’ll get to that later). Prices may be higher but selection is what I’m after. And any toy or specialty store has to know they have to offer something different or more than other non-specialty shops due to the fact that they are, indeed, a specialty shop. Otherwise, why even open?
As for Amazon, I see Amazon as a thorn in the side of many businesses but I don’t feel I can safely order things online consistently. Or on eBay. I’ve repeated that many times before so I do apologize but from books to dvd’s/Blue Ray to toys, I’d say at least 10 times in the last month something has come damaged. If you’re buying older things, it can’t be helped but to buy online, unless you have limitless time to spend going from shop to shop. So it’s a necessary evil. Not one I want to be forced into for new products. Especially for the exact items that shipping can and does cause damage to. I cringe every time I place an online order because for the convenience, I sacrifice in other areas. Save money on an item, it comes damaged, send it back, play the waiting game for a refund, try again. Maybe I’m reading to much into it but it appears people prefer to sacrifice safely obtaining the item to save money?
Posted by lakebot on March 20th, 2018 @ 12:39am CDT
tmthor wrote:Not to bust everyone's bubble but all of you that did not shop at Tru are not going to shop at the new KB why do you ask?.....because Walmart Target and Amazon will still be cheaper. They are not going to be able to compete right of the bat. The problem is Walmart and Target and Amazon are too big...the stiffle competition and yes their buying power is far beyond that of any smaller retailers. Not saying if done right the new KB will fail..just saying that at least in the beginning they will have the same prices if not higher than Tru had. Also on the radio (I have not looked up anything to check the validity of the story) but on the radio they said there Amazon is looking into buying a bunch of the Tru inventory and possibly some of the stores (the ones that are owned by Tru not leased that might be distribution warehouses idk) but the guy reported that might disrupt the Canadian stores deal. He also reported that many parties are interested in the name trademark and the online site. So this might become a big mess as far as the Canadian stores sales go...the might have to change the name if another party buys the name "toys r us"
Another thing that was discussed was that we are seeing the end of the specialty stores (big chain stores not mom and pop ones) they listed many stores that sales figures have forecasted will have troubles they named the following Best Buy, GameStop, Claire's, Barnes & nobel & FYE. They gave a multitude of reasons but the biggest one is....you can one stop shop at Walmart and Target...and get the best price in many cases...and that's what people are doing if not there Amazon...they one reporter laughed and said most likely Walmart will fear Amazon some day the way other retailers fear Walmart now.
Edit
Found the Amazon story they might be referencing look up bloomberg.com
I am seeing a lot of people indicating they feel Walmart, Target, and Amazon are better options or at least the options people will be using. While I must agree I personally use them for various purchases, including toys and transformers in particular, they are not always the best option and I think people are overlooking that. It’s already been mentioned that TRU did/was/was supposed to carry items you either couldn’t get from those locations or at least not in store. If KB comes back I don’t see this being any different and as I recall, until their last days, their toy selection was far superior to that of Walmart or Target. I do not consider Amazon for hardly any purchases(but I’ll get to that later). Prices may be higher but selection is what I’m after. And any toy or specialty store has to know they have to offer something different or more than other non-specialty shops due to the fact that they are, indeed, a specialty shop. Otherwise, why even open?
As for Amazon, I see Amazon as a thorn in the side of many businesses but I don’t feel I can safely order things online consistently. Or on eBay. I’ve repeated that many times before so I do apologize but from books to dvd’s/Blue Ray to toys, I’d say at least 10 times in the last month something has come damaged. If you’re buying older things, it can’t be helped but to buy online, unless you have limitless time to spend going from shop to shop. So it’s a necessary evil. Not one I want to be forced into for new products. Especially for the exact items that shipping can and does cause damage to. I cringe every time I place an online order because for the convenience, I sacrifice in other areas. Save money on an item, it comes damaged, send it back, play the waiting game for a refund, try again. Maybe I’m reading to much into it but it appears people prefer to sacrifice safely obtaining the item to save money?
Re: Toys R Us reveals closing dates and liquidating stores (1947203)
Posted by X3ROhour on March 20th, 2018 @ 5:08am CDT
Posted by X3ROhour on March 20th, 2018 @ 5:08am CDT
and we stumble
one more
creaking step
towards the dystopiac,
chaos,
death-heat
that lies there
- waiting for us all -
in the salted desert plains
of an apocalypse
we dreamed,
saw &
failed.
*sigh*
one more
creaking step
towards the dystopiac,
chaos,
death-heat
that lies there
- waiting for us all -
in the salted desert plains
of an apocalypse
we dreamed,
saw &
failed.
*sigh*
Re: Toys R Us reveals closing dates and liquidating stores (1947281)
Posted by Shiroi Haze on March 20th, 2018 @ 4:32pm CDT
Posted by Shiroi Haze on March 20th, 2018 @ 4:32pm CDT
I managed to snag a Thundercracker two days ago. They don't have them on shelves but they have them in the back. I had to ask an employee for him to grab one from the storage. He also said there are no more street dates since it wouldn't matter anymore. 
Really sad about this... Thundercracker will be my last figure that I got from toys r us.
Really sad about this... Thundercracker will be my last figure that I got from toys r us.
Re: Toys R Us reveals closing dates and liquidating stores (1947363)
Posted by X3ROhour on March 21st, 2018 @ 2:00am CDT
HERE, HERE!
Posted by X3ROhour on March 21st, 2018 @ 2:00am CDT
WreckerJack wrote:I won't be having any kids. My toys are for ME!
HERE, HERE!
Re: Toys R Us reveals closing dates and liquidating stores (1947389)
Posted by o.supreme on March 21st, 2018 @ 9:22am CDT
Makes sense..all I have fortunately is a coupon that came in the mail ($10 off a purchase of $75 or more). It expires this Saturday. I was hoping the Voltron Legendary Defender set that is $100 would start to go on sale before then. Saturday is my last chance I guess...Also It probably goes without saying they aren't taking any new layaways. I'd love to put one last order on, but the time frame to pay off a layaway would come dangerously close to the date of most stores closing...Knowing me I'd pay the item off, go to the store to get it, and they'd be closed down.
Posted by o.supreme on March 21st, 2018 @ 9:22am CDT
WreckerJack wrote:Also heard from another person that grocery stores are cutting up TRU giftcards as they are being recalled. If you have any TRU giftcards or credit, use them up ASAP. Claim what is rightfully yours before it's too late.
Makes sense..all I have fortunately is a coupon that came in the mail ($10 off a purchase of $75 or more). It expires this Saturday. I was hoping the Voltron Legendary Defender set that is $100 would start to go on sale before then. Saturday is my last chance I guess...Also It probably goes without saying they aren't taking any new layaways. I'd love to put one last order on, but the time frame to pay off a layaway would come dangerously close to the date of most stores closing...Knowing me I'd pay the item off, go to the store to get it, and they'd be closed down.
Re: Toys R Us reveals closing dates and liquidating stores (1947554)
Posted by Ig89ninja on March 22nd, 2018 @ 12:43pm CDT
Posted by Ig89ninja on March 22nd, 2018 @ 12:43pm CDT
I just went to my TRU and on the doors there was a sign that said "liquidation sale postponed",
I'm not sure what this means (besides no toy sales for now) but i figured I'd post it here
I'm not sure what this means (besides no toy sales for now) but i figured I'd post it here
Re: Toys R Us reveals closing dates and liquidating stores (1947564)
Posted by chuckdawg1999 on March 22nd, 2018 @ 1:19pm CDT
Somebody posted on Facebook a pic of a sign that said they were delayed pending court approval.
Posted by chuckdawg1999 on March 22nd, 2018 @ 1:19pm CDT
Ig89ninja wrote:I just went to my TRU and on the doors there was a sign that said "liquidation sale postponed",
I'm not sure what this means (besides no toy sales for now) but i figured I'd post it here
Somebody posted on Facebook a pic of a sign that said they were delayed pending court approval.
Re: Toys R Us reveals closing dates and liquidating stores (1947565)
Posted by o.supreme on March 22nd, 2018 @ 1:22pm CDT
Posted by o.supreme on March 22nd, 2018 @ 1:22pm CDT
Possibly also waiting for any standard promotions/coupons to expire. Once things start to go on clearance, all bets are off. The TRU (as of yesterday at least), even still had their list of weekly activities still posted through the end of April.
Re: Toys R Us reveals closing dates and liquidating stores (1947614)
Posted by spiderbob007 on March 22nd, 2018 @ 5:34pm CDT
Posted by spiderbob007 on March 22nd, 2018 @ 5:34pm CDT
I guess we can't believe TRU's corporate press releases. My TRU in Arlington, Texas had a sign, on the sliding door where you could not see behind their window advertising when the door opened, that stated: "Attention All ToysRUs Customers: We understand there may have been reports of our liquidation sale starting today. We apologize for any confusion the media may have conveyed on our liquidation sale starting date, however, we do not have confirmation as to when the liquidation sale will be[sic] begin. Please check back with us for further information and updates." They also had a sign stating that they were hiring; and there were probably more staff at this location than I have ever seen.
Even in death, TRU disappoints again...
Even in death, TRU disappoints again...
Re: Toys R Us reveals closing dates and liquidating stores (1947639)
Posted by fenrir72 on March 22nd, 2018 @ 8:46pm CDT
Posted by fenrir72 on March 22nd, 2018 @ 8:46pm CDT
Re: Toys R Us reveals closing dates and liquidating stores (1947644)
Posted by -Kanrabat- on March 22nd, 2018 @ 9:15pm CDT
Is it just me, or the bad things are snowballing at a ridiculous pace for TrU and everything surrounding it? I can call it karma... Or life is indeed a bitch.
Posted by -Kanrabat- on March 22nd, 2018 @ 9:15pm CDT
fenrir72 wrote:https://apnews.com/a2432730bbaf4717a52bd8bb897125d1
TRU founder dies.
Is it just me, or the bad things are snowballing at a ridiculous pace for TrU and everything surrounding it? I can call it karma... Or life is indeed a bitch.
Re: Toys R Us reveals closing dates and liquidating stores (1947677)
Posted by Bounti76 on March 23rd, 2018 @ 2:11am CDT
Posted by Bounti76 on March 23rd, 2018 @ 2:11am CDT
Thanks to site owner Seibertron himself, we've been pointed in the direction of an L.A. Times article detailing an effort to save a majority of Toys R Us stores in the U.S., spearheaded by MGA Entertainment Inc.'s CEO and majority owner, Isaac Larian. MGA Entertainment Inc. is best known for it's line of Bratz dolls, whose entrance into the market dominated by Mattel's Barbie line was once thought foolish, until the line took a good chunk out of Barbies' share of the fashion doll market. The businessman is leading an effort to save over half of Toys R Us locations by pledging US$200 million, and trying to raise the rest of the US$800 million needed through a crowdfunding effort.
Larian is hoping to raise the needed money by May 28th, and if you feel inclined, you can help at the website http://www.savetoysrus.com, or by clicking the image below
What do you think of his effort to save the beleagured toy maker? Let us know below, and stay tuned to Seibertron.com for the latest news!
"I'm very hopeful" about salvaging hundreds of the stores, Larian said. "I am more than 85% to 90% sure I can get [the buyout] funded."
Saving at least part of Toys R Us' operations not only would benefit Larian's company — which noted it was not financially involved in Larian's effort — but also rival toy makers such as El Segundo-based Mattel Inc., Hasbro Inc. and several smaller toy manufacturers.
"People say that if there is no Toys R Us another retailer will pick up the slack. I don't think so because they don't have the room," Larian said.
Major retailers with large toy departments, such as Walmart and Target, carry about 3,000 fewer items on shelves than Toys R Us stores, said Jim Silver, editor in chief of toy-review site TTPM.com.
Larian is hoping to raise the needed money by May 28th, and if you feel inclined, you can help at the website http://www.savetoysrus.com, or by clicking the image below
What do you think of his effort to save the beleagured toy maker? Let us know below, and stay tuned to Seibertron.com for the latest news!
Re: Toys R Us reveals closing dates and liquidating stores (1947686)
Posted by -Kanrabat- on March 23rd, 2018 @ 4:52am CDT
Posted by -Kanrabat- on March 23rd, 2018 @ 4:52am CDT
Even if the toy stores will have a different names than Toys R Us, at least so many jobs will be saved. Plus, children and collectors will not be screwed.
Let's hope that they will succeed and the administration for the next stores will be more competent.
Let's hope that they will succeed and the administration for the next stores will be more competent.
Re: Toys R Us reveals closing dates and liquidating stores (1947690)
Posted by dragons on March 23rd, 2018 @ 5:19am CDT
Posted by dragons on March 23rd, 2018 @ 5:19am CDT
Well that’s good maybe Walmart should have offers buy them out at least Walmart will have decent selection for once and bigger selection possibly friendlier customer service
Re: Toys R Us reveals closing dates and liquidating stores (1947692)
Posted by kurthy on March 23rd, 2018 @ 5:36am CDT
Posted by kurthy on March 23rd, 2018 @ 5:36am CDT
I love that a billionaire has started a GoFundMe page so that he can get money to buy the store that sells his toys. He's not giving stock to people that contribute, he's just sending them a pin. 
No different than Bain Capital.
No different than Bain Capital.
Re: Toys R Us reveals closing dates and liquidating stores (1947693)
Posted by spiderbob007 on March 23rd, 2018 @ 5:49am CDT
Posted by spiderbob007 on March 23rd, 2018 @ 5:49am CDT
From the gofundme site: "Be advised that this is not a donation to a charitable cause, and there is no tax deduction available. It is a donation to a potential commercial venture. The funds raised would be added to other capital being gathered by the potential purchasers of some or all of Toys“R”Us. A donation to this campaign doesn't qualify you to claim equity in any potential acquisition; it simply means you want future generations to be Toys“R”Us kids.
Therefore, before donating, please note that there is no guarantee that the offer to purchase Toys“R”Us described above will be made or accepted. You are donating “at your own risk.” If your donation is not used to achieve the purchase of Toys“R”Us in some form, it will be returned to you."
Granted if TRU wasn't used as a debt shield by venture capitalists the company wouldn't be in the situation it is now, but if it had real value it would have several suitors with cash in hand and not this attempt by a billionaire to ensure his cash cow had a field to graze.
Therefore, before donating, please note that there is no guarantee that the offer to purchase Toys“R”Us described above will be made or accepted. You are donating “at your own risk.” If your donation is not used to achieve the purchase of Toys“R”Us in some form, it will be returned to you."
Granted if TRU wasn't used as a debt shield by venture capitalists the company wouldn't be in the situation it is now, but if it had real value it would have several suitors with cash in hand and not this attempt by a billionaire to ensure his cash cow had a field to graze.
Re: Toys R Us reveals closing dates and liquidating stores (1947694)
Posted by Yotsuyasan on March 23rd, 2018 @ 5:56am CDT
Posted by Yotsuyasan on March 23rd, 2018 @ 5:56am CDT
If this guy is at all serious, instead of croud funding a "Save Toys 'Я' Us" campaign offering token crap rewards to people he is asking to invest in his business venture, why not strike a deal with the people trying to bring KB back? Think how much easier it might be if they combined efforts, bought up TRU locations, and rebranded them? And then it will be done with real business partners rather than trying to get thousands of average people to invest in their business in exchange for a bumper sticker or a pin.
Re: Toys R Us reveals closing dates and liquidating stores (1947707)
Posted by reluctantyouth on March 23rd, 2018 @ 8:16am CDT
Posted by reluctantyouth on March 23rd, 2018 @ 8:16am CDT
This is a really really stupid gesture...I wouldn't give this guy a nickel. I wish Amazon would just buy out TRU or at least some of its stores.
Re: Toys R Us reveals closing dates and liquidating stores (1947710)
Posted by Bun-Bun on March 23rd, 2018 @ 8:28am CDT
Posted by Bun-Bun on March 23rd, 2018 @ 8:28am CDT
Echoing everything the last couple posters have said.
This is a snake oil salesman preying on peoples nostalgia-clouded emotions.
Great job advertising on your site to help him bilk people.
*edit
Oh boy. They could buy 1 store in Nowheresville Idaho and say "Hey we saved TRU in some form!"
What a buncha crap.
TRU as a physical place is dead. It's sad but you need to move on to the next stage of grieving.
This is a snake oil salesman preying on peoples nostalgia-clouded emotions.
Great job advertising on your site to help him bilk people.
*edit
If your donation is not used to achieve the purchase of Toys“R”Us in some form, it will be returned to you."
Oh boy. They could buy 1 store in Nowheresville Idaho and say "Hey we saved TRU in some form!"
What a buncha crap.
TRU as a physical place is dead. It's sad but you need to move on to the next stage of grieving.
Re: Toys R Us reveals closing dates and liquidating stores (1947723)
Posted by o.supreme on March 23rd, 2018 @ 10:03am CDT
Posted by o.supreme on March 23rd, 2018 @ 10:03am CDT
Wow I've never really seen such an effort to save any business before, it is inspiring, even if it doesn't work out, which I hope it does.
Re: Toys R Us reveals closing dates and liquidating stores (1947724)
Posted by Gunmetal on March 23rd, 2018 @ 10:05am CDT
Posted by Gunmetal on March 23rd, 2018 @ 10:05am CDT
Meh, I still chucked in a few bucks.
Some thoughts:
1) $5 isn't bad for a bumper sticker representing something I care about. How much do some people spend on loot box subscriptions?
2) Even if only half of that $200M up front is his own, that's still about 10% of his entire net worth. Granted, 10% of my own net worth is nowhere near that, but it's still more than I'd just toss away.
This guy, an immigrant, took a risk and succeeded in the declining 21st century toy industry in a field with an established, dominant competitor. That's like if Gobots were still around today, but also didn't start until 1986 and the 1983 video game crash didn't happen.
3) Let's face it: this is a world where Wall Street, Silicon Valley, Hollywood, and the oil industry exist. If money is all you care about, you don't choose to sell toys.
Some thoughts:
1) $5 isn't bad for a bumper sticker representing something I care about. How much do some people spend on loot box subscriptions?
2) Even if only half of that $200M up front is his own, that's still about 10% of his entire net worth. Granted, 10% of my own net worth is nowhere near that, but it's still more than I'd just toss away.
This guy, an immigrant, took a risk and succeeded in the declining 21st century toy industry in a field with an established, dominant competitor. That's like if Gobots were still around today, but also didn't start until 1986 and the 1983 video game crash didn't happen.
3) Let's face it: this is a world where Wall Street, Silicon Valley, Hollywood, and the oil industry exist. If money is all you care about, you don't choose to sell toys.
Re: Toys R Us reveals closing dates and liquidating stores (1947732)
Posted by ScottyP on March 23rd, 2018 @ 11:03am CDT
Posted by ScottyP on March 23rd, 2018 @ 11:03am CDT
I think I'd rather donate to a charity.
Re: Toys R Us reveals closing dates and liquidating stores (1947737)
Posted by Va'al on March 23rd, 2018 @ 11:11am CDT
Posted by Va'al on March 23rd, 2018 @ 11:11am CDT
For those of you who have been waiting on various Toys R Us stores to start their liquidation sales, though we only have confirmation for the US side of the chain (in the UK, for example, other conditions apply), Friday March 23rd, 2018 seems to the be the day in which most US stores should start their liquidation sales, according to sources such as USA Today. The liquidation process was supposed to begin yesterday, but was apparently delayed while waiting for the bankruptcy judge to sign off on the process.
While most Toys R Us locations in the US begin their nationwide liquidation process, a movement has also begun by MGA Entertainment (makers of Bratz, L.O.L. dolls, and Little Tykes) to save Toys R Us, which we reported on in the past 24 hours. More information about the #savetoysrus movement can be found right here on Seibertron.com.
Several of our fellow Transformers fans have reported that some Toys R Us locations have not started their liquidation process yet. Adam Myrick and Action Figure Insider have both shared that specific stores still have signs posted that the liquidation process has not yet begun. If you are traveling a long distance to get to a Toys R Store, we advise that you call ahead to verify whether or not that specific store has started their liquidation sales process yet.
Let us know what your local store is up to, what deals you were able to find, and how this is affecting the area in which you usually shop and look for Transformers, or if you're directly involved as an employee of the store, by joining the Energon Pub discussion.
USA Today wrote:Toys R Us delayed the start of liquidation sales until Friday because attorneys were still preparing a court filing for the bankruptcy judge to sign off on the process, said a person with knowledge of the company’s deliberations.
While most Toys R Us locations in the US begin their nationwide liquidation process, a movement has also begun by MGA Entertainment (makers of Bratz, L.O.L. dolls, and Little Tykes) to save Toys R Us, which we reported on in the past 24 hours. More information about the #savetoysrus movement can be found right here on Seibertron.com.
Several of our fellow Transformers fans have reported that some Toys R Us locations have not started their liquidation process yet. Adam Myrick and Action Figure Insider have both shared that specific stores still have signs posted that the liquidation process has not yet begun. If you are traveling a long distance to get to a Toys R Store, we advise that you call ahead to verify whether or not that specific store has started their liquidation sales process yet.
Let us know what your local store is up to, what deals you were able to find, and how this is affecting the area in which you usually shop and look for Transformers, or if you're directly involved as an employee of the store, by joining the Energon Pub discussion.
Re: Toys R Us reveals closing dates and liquidating stores (1947738)
Posted by Megatron Wolf on March 23rd, 2018 @ 11:26am CDT
Posted by Megatron Wolf on March 23rd, 2018 @ 11:26am CDT
Id rahter fund KB toys revival than save TRU, hate to say it but TRU needs to go and a new store with new owners & management need to come in. Also in case anyone is thinking about going to TRU for the sale dont bother, transformers and other similar stuff is only 10% off & lego is 5% off. Not worth it if you ask me, feel like TRU is just trying to take advantage of us one last time before it dies.
Re: Toys R Us reveals closing dates and liquidating stores (1947742)
Posted by o.supreme on March 23rd, 2018 @ 11:32am CDT
Posted by o.supreme on March 23rd, 2018 @ 11:32am CDT
TRU 10% off still doesn't compete with Walmart & Target. I'm basically looking for any exclusive item (not just Transformers) that I can get anywhere else. TRU has a few, but timing is critical. Not sure if the gofundme will succeed or not, but in any event, if it does, I'm sure any surviving TRU would be very different form what we have now, for the better most likely.
Re: Toys R Us reveals closing dates and liquidating stores (1947750)
Posted by Gunmetal on March 23rd, 2018 @ 12:25pm CDT
I do that too
Don't get me wrong, there's a reason I only tossed in $5. No one should give more than (or even equal to) what they would give to a charitable cause they believe in.
But hey, if any of you are going to throw stones over not giving every last dollar toward saving the whales and curing cancer, I have 2 words:
Earth Wars
Posted by Gunmetal on March 23rd, 2018 @ 12:25pm CDT
ScottyP wrote:I think I'd rather donate to a charity.
I do that too
Don't get me wrong, there's a reason I only tossed in $5. No one should give more than (or even equal to) what they would give to a charitable cause they believe in.
But hey, if any of you are going to throw stones over not giving every last dollar toward saving the whales and curing cancer, I have 2 words:
Earth Wars
Re: Toys R Us reveals closing dates and liquidating stores (1947751)
Posted by claborn on March 23rd, 2018 @ 12:34pm CDT
Posted by claborn on March 23rd, 2018 @ 12:34pm CDT
this is the transformers section in the Burbank,CA TrU on march 23rd 2018 10am on the first day of liquidation.
this is also how this section has looked most of the 3 years i browsed here. so theres that....
this is also how this section has looked most of the 3 years i browsed here. so theres that....
Re: Toys R Us reveals closing dates and liquidating stores (1947763)
Posted by Ironhidensh on March 23rd, 2018 @ 1:34pm CDT
Posted by Ironhidensh on March 23rd, 2018 @ 1:34pm CDT
It's time to let go.
TRU was in trouble before the leveraged buyout, and if saved, they will be in trouble again.
The brick and mortar toy store is on life support, and has no place in the modern consumer world beyond local owned specialty shops. This plan to "save" it..... well, it sounds a bit shady.
TRU was in trouble before the leveraged buyout, and if saved, they will be in trouble again.
The brick and mortar toy store is on life support, and has no place in the modern consumer world beyond local owned specialty shops. This plan to "save" it..... well, it sounds a bit shady.
Re: Toys R Us reveals closing dates and liquidating stores (1947767)
Posted by o.supreme on March 23rd, 2018 @ 1:56pm CDT
I strongly disagree. If you absolutely trust the interwebs for all your purchases without reservation that's fine. I use it myself when I have to. But personally, Id always rather See/handle *know what I'm getting* in real life, what I'm going to purchase before I do.
Posted by o.supreme on March 23rd, 2018 @ 1:56pm CDT
Ironhidensh wrote:The brick and mortar toy store is on life support, and has no place in the modern consumer world
I strongly disagree. If you absolutely trust the interwebs for all your purchases without reservation that's fine. I use it myself when I have to. But personally, Id always rather See/handle *know what I'm getting* in real life, what I'm going to purchase before I do.
Re: Toys R Us reveals closing dates and liquidating stores (1947771)
Posted by Ironhidensh on March 23rd, 2018 @ 2:18pm CDT
I get that, and I ev3n respect and understand the sentiment. The issue is that this whpay of thinking is in the vast minority, and shrinking daily. As the older generations shop less, and the younger generations shop more, online will be the way to go. Only massive corporations like Walmart will survive, and even they will have do make massive adjustments.
Posted by Ironhidensh on March 23rd, 2018 @ 2:18pm CDT
o.supreme wrote:Ironhidensh wrote:The brick and mortar toy store is on life support, and has no place in the modern consumer world
I strongly disagree. If you absolutely trust the interwebs for all your purchases without reservation that's fine. I use it myself when I have to. But personally, Id always rather See/handle *know what I'm getting* in real life, what I'm going to purchase before I do.
I get that, and I ev3n respect and understand the sentiment. The issue is that this whpay of thinking is in the vast minority, and shrinking daily. As the older generations shop less, and the younger generations shop more, online will be the way to go. Only massive corporations like Walmart will survive, and even they will have do make massive adjustments.
Re: Toys R Us reveals closing dates and liquidating stores (1947781)
Posted by Gunmetal on March 23rd, 2018 @ 2:40pm CDT
Look at digital media: that was supposed to replace physical copies long ago, yet DVD and even Blu-Ray sales continue, probably because, besides the "collection aspect", DVDs don't require subscriptions, can't be throttled back, and won't be taken away over a rights dispute.
Need any more reason to not underestimate old ways?
https://www.seibertron.com/transformers/news/transformers-original-television-series-score-vinyl-repress-announced/40874/
Posted by Gunmetal on March 23rd, 2018 @ 2:40pm CDT
I agree that shrinking and transformation will happen, but I don't think it will disappear entirely. Business interests, nostalgia, and the desire for "hands on" always seem to keep the online universe from true monopoly.Ironhidensh wrote:o.supreme wrote:Ironhidensh wrote:The brick and mortar toy store is on life support, and has no place in the modern consumer world
I strongly disagree. If you absolutely trust the interwebs for all your purchases without reservation that's fine. I use it myself when I have to. But personally, Id always rather See/handle *know what I'm getting* in real life, what I'm going to purchase before I do.
I get that, and I ev3n respect and understand the sentiment. The issue is that this whpay of thinking is in the vast minority, and shrinking daily. As the older generations shop less, and the younger generations shop more, online will be the way to go. Only massive corporations like Walmart will survive, and even they will have do make massive adjustments.
Look at digital media: that was supposed to replace physical copies long ago, yet DVD and even Blu-Ray sales continue, probably because, besides the "collection aspect", DVDs don't require subscriptions, can't be throttled back, and won't be taken away over a rights dispute.
Need any more reason to not underestimate old ways?
https://www.seibertron.com/transformers/news/transformers-original-television-series-score-vinyl-repress-announced/40874/
Re: Toys R Us reveals closing dates and liquidating stores (1947789)
Posted by Seibertron on March 23rd, 2018 @ 3:14pm CDT
The KB Toys deal isn't anything to get excited about. It is certainly not a Toys R Us replacement as it is currently being discussed. It's more or less going to be the Halloween pop-up store equivalent except with toys. The Chicagoland area had some of these 2 or 3 years ago around Christmas time where it was just overpriced leftover stock from the past 5 or 10 years with really unfriendly pop-up store employees. The locations I was aware of in the northwest suburbs simply moved in after the pop-up Halloween stores moved out. It was my assumption that it was the same organization, which I thought made a lot of sense (to go from Halloween products to Toys and Christmas products).
One of the articles I read where the guy was talking about the pop-up stores made me realize that this is nothing special at all. What it seems he wants to do is purchase the leftover toy inventory, I'm sure at bargain prices, from Toys R Us warehouses or from toy makers like Mattel, Hasbro, Lego, MGA, etc who need to find a home for upcoming products they already made for Toys R Us prior to its collapse.
As toy collectors, we will most likely have already purchased these products by the time these pop-up stores "pop up". Just putting it on the record that the KB Toys that we might have some possible fun memories of will be very different from of these leftover merchandise pop-up stores that we'll potentially see later this year. From my experience, the products were way over priced and were still over priced even after the blowout clearance prices which began after Christmas that year. For those of you in the Chicagoland area, there is a similar store to the pop-up toy store that is open all year round in the old KB Toys location inside the Golf Mill mall in Niles, IL. This store also carries a lot of KO products as well as leftover retail stock (again at very high prices).
If you carefully read the articles about KB Toys and look past all of the fluff, you can figure out what the guy wants to do with these pop-up stores, and it's not what it sounds like on the surface. There are more articles out there like this one, but I think the CNN Money one sums up all you need to know. Having seen these pop-up toy stores here in Chicago, I can assure you that this is definitely NOT what it seems. It is definitely NOT KB Toys as we remember it from 10 or so years ago.
http://money.cnn.com/2018/03/20/news/co ... index.html
I'll repost this in the KB toys discussion as well.
Posted by Seibertron on March 23rd, 2018 @ 3:14pm CDT
Yotsuyasan wrote:If this guy is at all serious, instead of croud funding a "Save Toys 'Я' Us" campaign offering token crap rewards to people he is asking to invest in his business venture, why not strike a deal with the people trying to bring KB back? Think how much easier it might be if they combined efforts, bought up TRU locations, and rebranded them? And then it will be done with real business partners rather than trying to get thousands of average people to invest in their business in exchange for a bumper sticker or a pin.
The KB Toys deal isn't anything to get excited about. It is certainly not a Toys R Us replacement as it is currently being discussed. It's more or less going to be the Halloween pop-up store equivalent except with toys. The Chicagoland area had some of these 2 or 3 years ago around Christmas time where it was just overpriced leftover stock from the past 5 or 10 years with really unfriendly pop-up store employees. The locations I was aware of in the northwest suburbs simply moved in after the pop-up Halloween stores moved out. It was my assumption that it was the same organization, which I thought made a lot of sense (to go from Halloween products to Toys and Christmas products).
One of the articles I read where the guy was talking about the pop-up stores made me realize that this is nothing special at all. What it seems he wants to do is purchase the leftover toy inventory, I'm sure at bargain prices, from Toys R Us warehouses or from toy makers like Mattel, Hasbro, Lego, MGA, etc who need to find a home for upcoming products they already made for Toys R Us prior to its collapse.
As toy collectors, we will most likely have already purchased these products by the time these pop-up stores "pop up". Just putting it on the record that the KB Toys that we might have some possible fun memories of will be very different from of these leftover merchandise pop-up stores that we'll potentially see later this year. From my experience, the products were way over priced and were still over priced even after the blowout clearance prices which began after Christmas that year. For those of you in the Chicagoland area, there is a similar store to the pop-up toy store that is open all year round in the old KB Toys location inside the Golf Mill mall in Niles, IL. This store also carries a lot of KO products as well as leftover retail stock (again at very high prices).
If you carefully read the articles about KB Toys and look past all of the fluff, you can figure out what the guy wants to do with these pop-up stores, and it's not what it sounds like on the surface. There are more articles out there like this one, but I think the CNN Money one sums up all you need to know. Having seen these pop-up toy stores here in Chicago, I can assure you that this is definitely NOT what it seems. It is definitely NOT KB Toys as we remember it from 10 or so years ago.
http://money.cnn.com/2018/03/20/news/co ... index.html
CNN Money wrote:"My assumption is that there's about half a billion dollars worth of toys that have been produced for Toys "R" Us with no place to go," said Strategic Marks president Ellia Kassoff, in a phone interview with CNNMoney. "That's a big, big void that we're hoping to fill up."
Kassoff said he's been in contact with Hasbro Inc. (HAS) and Mattel, Inc. (MAT) and up to 200 smaller toy suppliers who are looking for new brick and mortar retailers. He said he plans to take advantage of a glut of toy manufacturers that have inventory but no place to sell it.
To get a quick retail footprint, Kassoff said he's working with companies that specialize in holiday and pop-up retail, like Spencer Spirit Holdings Inc., Go! Retail Group, and Party City Holdco Inc. (PRTY)
I'll repost this in the KB toys discussion as well.
Re: Toys R Us reveals closing dates and liquidating stores (1947790)
Posted by Seibertron on March 23rd, 2018 @ 3:19pm CDT
LOL. Apparently this topic is the "KB Toys might make a return" topic as well!
Posted by Seibertron on March 23rd, 2018 @ 3:19pm CDT
Seibertron wrote:I'll repost this in the KB toys discussion as well.
LOL. Apparently this topic is the "KB Toys might make a return" topic as well!
Re: Toys R Us reveals closing dates and liquidating stores (1947796)
Posted by -Kanrabat- on March 23rd, 2018 @ 3:44pm CDT
Online is just perfect and convenient... as long that constantly paying for the damn shipping fees don't bother.
IMO, I'd rather have the thing in hand before buying too.
Posted by -Kanrabat- on March 23rd, 2018 @ 3:44pm CDT
o.supreme wrote:Ironhidensh wrote:The brick and mortar toy store is on life support, and has no place in the modern consumer world
I strongly disagree. If you absolutely trust the interwebs for all your purchases without reservation that's fine. I use it myself when I have to. But personally, Id always rather See/handle *know what I'm getting* in real life, what I'm going to purchase before I do.
Online is just perfect and convenient... as long that constantly paying for the damn shipping fees don't bother.
IMO, I'd rather have the thing in hand before buying too.
Re: Toys R Us reveals closing dates and liquidating stores (1947798)
Posted by Rated X on March 23rd, 2018 @ 4:06pm CDT
Posted by Rated X on March 23rd, 2018 @ 4:06pm CDT
I was off today and decided to hit the Hialeah TRU where I was there for the grand opening back in 1985. Got there at 10 am when they opened the doors and started off with the transformers section. Lousy 10% off and only wave 1 potp. Some guy grabbed a primus and then put it back when he realized it was only 15 bucks off. I saw the cart of boxes being unpacked and reconized the hasbro logo. I found 4 studio series thundercrackers. I bought one for me and one for a friend and left 2 behind. (26.99 each) with the crappy discount. I roamed around the entire store to try to get a feel of nostalgia but it wasnt there. As a kid, I was never a buyer of multiple brands so the whole "wonderland" thing didnt really touch my heart. Gone are the walls of video games (1988 Nintendo heydays) when you had to grab a ticket and take it to an enclosed pawn shop style booth to purchase your game. I did also used to buy garbage pail kids cards out there in large cellophane packs with 3 decks. Thats another TRU memory I have. But I cant say I ever ran around a TRU as as kid aisle by aisle like it was some kind of heaven for kids. I never hung out there to play free video games. After about 10 minutes I was done and ready to buy my thundercrackers and get the hell out of there. When I stuck my card in the credit card slot, the machine froze and they had to move to another machine. I called my credit card company and my card got charged twice so tgey go to f**k me one last time. Went back and the manager couldnt really do anything but assured me tge transaction was pending and would be voided by the end of the night since it never made it to the "transaction processed" screen like it did the 2nd time. I wont know for 3 days so hopefully he is right. So there you have it....my final TRU memory. Its not the store you grew up with. All these people going into secere depression over this need to let it go. On a side note, before this closing I had no idea TRU had been around since the late 1950s. I always assumed since my childhood that they opened in 1985 when they came to miami and the "grand openings" were all around the same time. We got the dukes of hazzard signing autographs so I dont know why but I really believed it was a big thing and the store must be brand new. We had Lionel Playworld down the street where I had gotten my first transformers (and also Service Merchandise) and within a few years TRU literally took them out the game. So I always thought TRU had just came into being in 1985. Hell what did I know I was only 8 years old. Oh well, thinking of keeping my thundercracker MISB as a memento especially since I know my friend will likely bust his open. So go pour out a little liquor if you choose. They had a good run. Better than most. Most of the specialized hobby stores closed by 2000 because here in Miami people just dont seem to care about collecting stuff as much as people do in middle America. Theres no money to be made by opening a small brick and mortar business here. Isnt it ironic that TRU killed Kay-bee and now Walmart killed TRU? Survival of the fittest. Oh well, thats just food for thought.
Re: Toys R Us reveals closing dates and liquidating stores (1947803)
Posted by o.supreme on March 23rd, 2018 @ 4:21pm CDT
Sorry you had that rough experience. I've been victim of really bad customer service there recently as well. However...I don't think anyone is going into "severe depression""...as you say (except anyone who stands to lose their job, which is completely understandable). I'm saddened to be sure, but I'm not losing any sleep over it. It's not like this is the first time this has happened. We lost a local store (Gemco) in the late 80's, probably the best "one stop shop" ever, even 30 years ago, was way better than todays Walmarts, and way better toy selection also. My old elementary school got leveled and replaced by another, Video Arcades are a thing of the past, Shopping Malls that were actually fun to go to, Blockbuster video...I can go on and on. But of course as with all things, there is balance. I'll monitor the situation with TRU closely if for no other reason than it is so convenient I pass mine each day to and from work. But when its all said and done, life goes on, I get it.
Posted by o.supreme on March 23rd, 2018 @ 4:21pm CDT
Rated X wrote: All these people going into severe depression over this need to let it go.
Sorry you had that rough experience. I've been victim of really bad customer service there recently as well. However...I don't think anyone is going into "severe depression""...as you say (except anyone who stands to lose their job, which is completely understandable). I'm saddened to be sure, but I'm not losing any sleep over it. It's not like this is the first time this has happened. We lost a local store (Gemco) in the late 80's, probably the best "one stop shop" ever, even 30 years ago, was way better than todays Walmarts, and way better toy selection also. My old elementary school got leveled and replaced by another, Video Arcades are a thing of the past, Shopping Malls that were actually fun to go to, Blockbuster video...I can go on and on. But of course as with all things, there is balance. I'll monitor the situation with TRU closely if for no other reason than it is so convenient I pass mine each day to and from work. But when its all said and done, life goes on, I get it.
Re: Toys R Us reveals closing dates and liquidating stores (1947815)
Posted by WreckerJack on March 23rd, 2018 @ 5:36pm CDT
Posted by WreckerJack on March 23rd, 2018 @ 5:36pm CDT
I agree, it's time to let go. TRU screwed itself by screwing it's customers and employees. Overpriced and understaffed is the reason that they are going under. They could have saved themselves years ago if they priced things better and didn't do so many bad business deals.
That being said I don't want TRU to go under. I'd rather have them fixed things before they went south, but that happened years ago. I'm probably in the minority here but I have never actually purchased a transformer at TRU. What I really want is a toy store that has competitive pricing and good stock. But of course that's just too much to ask.
That being said I don't want TRU to go under. I'd rather have them fixed things before they went south, but that happened years ago. I'm probably in the minority here but I have never actually purchased a transformer at TRU. What I really want is a toy store that has competitive pricing and good stock. But of course that's just too much to ask.
Re: Toys R Us reveals closing dates and liquidating stores (1947818)
Posted by Ironhidensh on March 23rd, 2018 @ 6:02pm CDT
Been to a blockbuster recently? There are no "dvd" stores.
Posted by Ironhidensh on March 23rd, 2018 @ 6:02pm CDT
Gunmetal wrote:I agree that shrinking and transformation will happen, but I don't think it will disappear entirely. Business interests, nostalgia, and the desire for "hands on" always seem to keep the online universe from true monopoly.Ironhidensh wrote:o.supreme wrote:Ironhidensh wrote:The brick and mortar toy store is on life support, and has no place in the modern consumer world
I strongly disagree. If you absolutely trust the interwebs for all your purchases without reservation that's fine. I use it myself when I have to. But personally, Id always rather See/handle *know what I'm getting* in real life, what I'm going to purchase before I do.
I get that, and I ev3n respect and understand the sentiment. The issue is that this whpay of thinking is in the vast minority, and shrinking daily. As the older generations shop less, and the younger generations shop more, online will be the way to go. Only massive corporations like Walmart will survive, and even they will have do make massive adjustments.
Look at digital media: that was supposed to replace physical copies long ago, yet DVD and even Blu-Ray sales continue, probably because, besides the "collection aspect", DVDs don't require subscriptions, can't be throttled back, and won't be taken away over a rights dispute.
Need any more reason to not underestimate old ways?
https://www.seibertron.com/transformers/news/transformers-original-television-series-score-vinyl-repress-announced/40874/
Been to a blockbuster recently? There are no "dvd" stores.
Re: Toys R Us reveals closing dates and liquidating stores (1947823)
Posted by primalxconvoy on March 23rd, 2018 @ 6:26pm CDT
DVDs? You mean those things many people buy online from Amazon? You've confused digital distribution with digital products here. Although they can appear the same, they differ.
Regardless, Netflix, Hulu and the likes of Bitorrent are here to stay. I haven't bought a DVD or Blueray since the recent(ish) TF:TM remaster, and then I downloaded a copy of THAT off the internet afterwards. DVDs and Bluerays suffer more from region restriction, higher prices, take up too much space in my room and I have to get up and change the disk to watch something else.
Digital is simply the new standard and that's coming from someone who grew up with G1 in the 80's.
As for digital shops, then I don't care if most regular shops for most products go under. I'm more interested in availability and prices than seeing it in hand. Although it IS nice to do so, ice usually been disappointed in most retail shops due to something being unavailable, due to being sold out, or that shop not selling imported products.
Online all the way for me.
Posted by primalxconvoy on March 23rd, 2018 @ 6:26pm CDT
Gunmetal wrote:Look at digital media: that was supposed to replace physical copies long ago, yet DVD and even Blu-Ray sales continue, probably because, besides the "collection aspect", DVDs don't require subscriptions, can't be throttled back, and won't be taken away over a rights dispute.
Need any more reason to not underestimate old ways?
https://www.seibertron.com/transformers/news/transformers-original-television-series-score-vinyl-repress-announced/40874/
DVDs? You mean those things many people buy online from Amazon? You've confused digital distribution with digital products here. Although they can appear the same, they differ.
Regardless, Netflix, Hulu and the likes of Bitorrent are here to stay. I haven't bought a DVD or Blueray since the recent(ish) TF:TM remaster, and then I downloaded a copy of THAT off the internet afterwards. DVDs and Bluerays suffer more from region restriction, higher prices, take up too much space in my room and I have to get up and change the disk to watch something else.
Digital is simply the new standard and that's coming from someone who grew up with G1 in the 80's.
As for digital shops, then I don't care if most regular shops for most products go under. I'm more interested in availability and prices than seeing it in hand. Although it IS nice to do so, ice usually been disappointed in most retail shops due to something being unavailable, due to being sold out, or that shop not selling imported products.
Online all the way for me.
Re: Toys R Us reveals closing dates and liquidating stores (1947825)
Posted by WreckerJack on March 23rd, 2018 @ 6:38pm CDT
Posted by WreckerJack on March 23rd, 2018 @ 6:38pm CDT
I always like to have a hard copy. Computer glitches suck when they eat all your songs and stuff.
Re: Toys R Us reveals closing dates and liquidating stores (1947830)
Posted by primalxconvoy on March 23rd, 2018 @ 7:06pm CDT
That's what hard drives and cloud storage are for.
Posted by primalxconvoy on March 23rd, 2018 @ 7:06pm CDT
WreckerJack wrote:I always like to have a hard copy. Computer glitches suck when they eat all your songs and stuff.
That's what hard drives and cloud storage are for.
Re: Toys R Us reveals closing dates and liquidating stores (1947831)
Posted by Seibertron on March 23rd, 2018 @ 7:13pm CDT
Family video chain is still kicking it and apparently doing well, last I heard.
https://www.familyvideo.com/storelocator/
Posted by Seibertron on March 23rd, 2018 @ 7:13pm CDT
Ironhidensh wrote:Been to a blockbuster recently? There are no "dvd" stores.
Family video chain is still kicking it and apparently doing well, last I heard.
https://www.familyvideo.com/storelocator/
Re: Toys R Us reveals closing dates and liquidating stores (1947839)
Posted by WreckerJack on March 23rd, 2018 @ 8:02pm CDT
Indeed, but why do all that when I can just pop a DVD in my CD drive or my xbox and watch? Same deal with CD's and my boombox.
Posted by WreckerJack on March 23rd, 2018 @ 8:02pm CDT
primalxconvoy wrote:WreckerJack wrote:I always like to have a hard copy. Computer glitches suck when they eat all your songs and stuff.
That's what hard drives and cloud storage are for.
Indeed, but why do all that when I can just pop a DVD in my CD drive or my xbox and watch? Same deal with CD's and my boombox.
Re: Toys R Us reveals closing dates and liquidating stores (1947847)
Posted by william-james88 on March 23rd, 2018 @ 9:00pm CDT
I studied this as a business student and still pay close attention to this, but the latest facts show that Brick and Mortar retail is still a viable business strategy.
Online retail ends up being just as expensive if not more to maintain, since you now have to bare added logistics costs to ship out to clients, and plus have a better monitoring of inventory. Brick and mortar is pretty easy in that sense, someone shops there and they take the product with them and what they find in the store is at least what you have available. Plus, retail adds that impulsive purchase or cross sell, which is almost non existant at the online level.
This is why Costco is still very profitable while Amazon has smaller profit margins.
Also, you guys forget that the US has 20 Million unbanked consumers who thus cant shop online. Thats 2/3 the population of Canada, a country where Toysrus is doing really well (just to show that its a big number which can sustain a big brick and mortar operation).
So right now, brick and mortar is a very viable business strategy.
Posted by william-james88 on March 23rd, 2018 @ 9:00pm CDT
Ironhidensh wrote:o.supreme wrote:Ironhidensh wrote:The brick and mortar toy store is on life support, and has no place in the modern consumer world
I strongly disagree. If you absolutely trust the interwebs for all your purchases without reservation that's fine. I use it myself when I have to. But personally, Id always rather See/handle *know what I'm getting* in real life, what I'm going to purchase before I do.
I get that, and I even respect and understand the sentiment. The issue is that this way of thinking is in the vast minority, and shrinking daily. As the older generations shop less, and the younger generations shop more, online will be the way to go. Only massive corporations like Walmart will survive, and even they will have do make massive adjustments.
I studied this as a business student and still pay close attention to this, but the latest facts show that Brick and Mortar retail is still a viable business strategy.
Online retail ends up being just as expensive if not more to maintain, since you now have to bare added logistics costs to ship out to clients, and plus have a better monitoring of inventory. Brick and mortar is pretty easy in that sense, someone shops there and they take the product with them and what they find in the store is at least what you have available. Plus, retail adds that impulsive purchase or cross sell, which is almost non existant at the online level.
This is why Costco is still very profitable while Amazon has smaller profit margins.
Also, you guys forget that the US has 20 Million unbanked consumers who thus cant shop online. Thats 2/3 the population of Canada, a country where Toysrus is doing really well (just to show that its a big number which can sustain a big brick and mortar operation).
So right now, brick and mortar is a very viable business strategy.
