Current Events > Toys R Us Preparing for Possible Bankruptcy Filing

(+) Yeah! (+)

http://fortune.com/2017/09/16/toys-r-us-bankruptcy-filing/

I blame you guys for growing up.

"Reuters
Sep 16, 2017
Toys 'R' Us is working to put together a loan to fund its operations in a potential bankruptcy filing that could come before the holiday sales season, according to people familiar with the matter.
The toy merchant's move underscores the deep distress rippling through retailers of all sizes as consumers increasingly shop online at sellers such as Amazon.com Inc or go to discounters such as Wal-Mart Stores Inc .
A spokeswoman for Toys 'R' Us did not immediately respond to a request for comment. The people could not be identified because the bankruptcy plans are not yet public.
The Wall Street Journal earlier reported that the company was considering filing for Chapter 11 protection in U.S. Bankruptcy Court in Richmond, Virginia.
There have been more than a dozen significant retail bankruptcies this year, but none for retailers as big as Toys 'R' Us, which has about $5 billion in debt and more than 1,600 stores worldwide.
A loan of several hundred million dollars as part of any possible bankruptcy filing would reassure the chain's vendors it could pay them for the loads of stuffed animals, action figures and dolls it needs to stock its shelves for the holiday season, the people said.
Part of the retailer's current financial woes stem from vendors demanding tighter repayment terms over fears that Toys 'R' Us may file for bankruptcy, the people added. The tighter terms have added to the Wayne, New Jersey-based company's cash crunch, they said.
Toys 'R' Us tapped restructuring attorneys from Kirkland & Ellis LLP, CNBC reported this month.
The retailer had already said it was working with an investment bank to assess options for about $400 million in debt that comes due next year.
Buyout firms KKR & Co LP and Bain Capital LP, together with real estate investment trust Vornado Realty Trust , took Toys 'R' Us private for $6.6 billion in 2005. The deal saddled the company with debt, limiting its ability to revamp its stores and make online shopping easier.Toys 'R' Us opened a store in New York City's Times Square this year to capture more holiday shoppers."

:(


I haven't seen a commercial for them in ages.
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Toys R Cucked

Get rekt you stupid toys
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Good. Fuck those rich kids
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Fucking millennials!
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Toys are expensive as fuck nowadays.

I don't think I've ever even bought a game from that joint.
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Damn

Kids are more into electronic devices rather then toys now days I'm not surprised.
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I remember I used to buy games from that place
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Zack_Attackv1 posted...

I don't think I've ever even bought a game from that joint.

Pretty sure I bought Melee and Wave Race: Blue Storm there when the GameCube first came out. Even as a kid though, we never really went to Toys 'R' Us.

It'd be one of those things that would be tough to see go. What kid doesn't love a store like that?
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It's circuit city all over again
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rekt
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Manchildren buy more actual toys these days to decorate their desks and shelves than kids actually do.

Kids are glued to screens and rarely play outside after the age of 8.

Really sad.
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1NfamousACE_2 posted...

I remember I used to buy games from that place

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pikachupwnage posted...

1NfamousACE_2 posted...

I remember I used to buy games from that place

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I remember it being such a treat to go there as a kid but I don't remember ever actually buying anything from there.
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I got the only game I ever pre-ordered from there it was pokemon XD gale of darkness. Back then you didn't get anything special with the pre-order (at least I didn't)

Damn. End of an era.

Then again, the one closest to me shut down a few years ago, so maybe I should have expected this.
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Oh noes, where will bronies go to fill their collections now?

they never have the sought out marvel legends in stock

so what are they good for?

and they try to overprice their legos and scam you


if they wanted millennial's business and not little kids, they would make sure hasbro gives them ample supply of deadpool marvel legend figure, have deals on legos and make sure they got every amiibo in stock at all times
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Zack_Attackv1 posted...

I don't think I've ever even bought a game from that joint.

I did, back in the nineties.

1NfamousACE_2 posted...

I remember I used to buy games from that place

Me too back in the day. It was fun.

seems weird. where are people buying toys for their kids from to the point where TRU is going bankrupt?

Yes most kids are being raised on video games, but there is a lot of shit in there that you can't just buy wherever like bikes, scooters, various crap dolls (like disney princesses, ponies, etc), nerf equipment, legos, remote control shit, and so on. Is all of that also selling badly?
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Dustin1280 posted...

It's circuit city all over again

I know right! It seems like that.

ChromaticAngel posted...

seems weird. where are people buying toys for their kids from to the point where TRU is going bankrupt?

Yes most kids are being raised on video games, but there is a lot of shit in there that you can't just buy wherever like bikes, scooters, various crap dolls (like disney princesses, ponies, etc), nerf equipment, legos, remote control shit, and so on. Is all of that also selling badly?

walmart and amazon
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Had to get the slip and then take it to the game counter.

Good times
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Suchomimus posted...

Manchildren buy more actual toys these days to decorate their desks and shelves than kids actually do.

Kids are glued to screens and rarely play outside after the age of 8.

Really sad.

Interesting.

They are a good example of a store that needs to downsize and simplify their offerings.
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Cocytus posted...

Suchomimus posted...

Manchildren buy more actual toys these days to decorate their desks and shelves than kids actually do.

Kids are glued to screens and rarely play outside after the age of 8.

Really sad.

Interesting.

Sounds like lazy/shitty parenting to me.
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darkphoenix181 posted...

ChromaticAngel posted...

seems weird. where are people buying toys for their kids from to the point where TRU is going bankrupt?

Yes most kids are being raised on video games, but there is a lot of shit in there that you can't just buy wherever like bikes, scooters, various crap dolls (like disney princesses, ponies, etc), nerf equipment, legos, remote control shit, and so on. Is all of that also selling badly?

walmart and amazon

Yep.

Walmart's basically killing every other store by offering nearly everything at cheaper prices, and Amazon has the convenience of making it easy to find exactly what you want.
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My brother and i went to a special pokemon event where they gave us Mew I think. It was for fire red and leaf green... I think
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darkphoenix181 posted...

they never have the sought out marvel legends in stock

so what are they good for?

and they try to overprice their legos and scam you


if they wanted millennial's business and not little kids, they would make sure hasbro gives them ample supply of deadpool marvel legend figure, have deals on legos and make sure they got every amiibo in stock at all times

That might've helped. They still can't beat Amazon though.

Cocytus posted...

I blame you guys for growing up.

Millennials cuck another business.
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Cocytus posted...

darkphoenix181 posted...

they never have the sought out marvel legends in stock

so what are they good for?

and they try to overprice their legos and scam you


if they wanted millennial's business and not little kids, they would make sure hasbro gives them ample supply of deadpool marvel legend figure, have deals on legos and make sure they got every amiibo in stock at all times

That might've helped. They still can't beat Amazon though.

on amazon that collector figure would be overpriced

people pay it now because they can't find it in a store
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they literally sell stuff for more than MSRP. I'm stunned it took this long.
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im honestly surprised they lasted this long. They don't really have anything special and rarely get exclusive deals when it comes to video games and what not anymore...Its far easier to buy a toy or a game from best buy or target.
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Were_Wyrm posted...

Fucking millennials!

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They've all shut down my way. Only one left is a pick up store. Nothing in the store. Have to order then pick up

Medussa posted...

they literally sell stuff for more than MSRP. I'm stunned it took this long.

yep

their legos
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There's a Toy's R Us around the corner from my apartment

I've never gone to it, though
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tripZ504 posted...

They've all shut down my way. Only one left is a pick up store. Nothing in the store. Have to order then pick up

I damn sure don't understand how they thought that'd work.

CableZL posted...

There's a Toy's R Us around the corner from my apartment

I've never gone to it, though

See, you're what's wrong with America.

CableZL posted...

There's a Toy's R Us around the corner from my apartment

I've never gone to it, though

Last time i've been inside one was about 4 years ago in LA...and that was just because i was with my Girlfriend at the time and we took her 3 year old cousin to get a toy...

Before that it was probably over a decade since I was last in one.
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TheVipaGTS posted...

CableZL posted...

There's a Toy's R Us around the corner from my apartment

I've never gone to it, though

Last time i've been inside one was about 4 years ago in LA...and that was just because i was with my Girlfriend at the time and we took her 3 year old cousin to get a toy...

Before that it was probably over a decade since I was last in one.

Hell, I really can't remember the last time I was in one. I think 2009-2010.

I miss toy stores around the holidays. Back when they had legit displays out. KB toys and Toys R Us were awesome. As well as the different hobby stores with train sets and all manor of radio controlled toys.

Hate to act like a babyboomer but I'll definitely be pining for the good old days on this subject.
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Man I grew up with TrU this saddens me...
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This makes me sad but I am not that surprised as they are not cheap.
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UnfairRepresent posted...

This makes me sad but I am not that surprised as they are not cheap.

Medussa posted...

they literally sell stuff for more than MSRP. I'm stunned it took this long.

These things, seriously don't understand why the felt this was a GOOD idea...
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FightingGames posted...

Good. Fuck those rich kids

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