ToysRUs Considers Closing Up to 200 Stores in United States

http://news.tokunation.com/2017/12/1...d-states-48306

But the executives fought to get $15 million in bonuses for 2017. Assholes.

Fucking magnificent. -_-

The fuck I was just at Toys R Us today and will be at one tomorrow. I hope they are not getting shut down mainly for the employees. Fuck the exclusives.

I read a post on reddit that did a good job of explaining that. It's basically a retention bonus to keep the executives from jumping ship and making this an even bigger disaster than it already is.

More than a few questions follow this!

- Has an official list of closing stores been released yet?

- Could closing some of the stores help with their economic situation, hopefully leading to a revival in the brand?

- If the chain goes "belly-up", could someone else cover the gap and replace them as a national toy mecca?

This is personal rambling, but I do believe that the prevalence of online shopping has failed to deliver in one aspect: Reliable, One-Stop-Shopping from a trusted retailer with warehouses of licensed products! There was a time when Toys-R-Us had when no one else did! If nature abhors a vacuum, then can the Internet (and its current issues) cover the gap, or will something else emerge?

- Given the enormous influx of products not found ANYWHERE ELSE and EXCLUSIVES...who will be left to market them?

Negative. This is from an internal leak. Toys'R'Us went on record stating they are not ready to announce any plans and are currently working on maximizing sales through the Holiday season.

Yes. By closing non-profitable stores it would allocate more money to the profitable stores. KB Toys did this back when they went through the same obstacles in 2004 (I can't remember the year) before declaring Chapter 7 in 2007.

Most likely not. The toy industry is fading and has been fading with the popularity of video games. To top it off, online retailers are also taking big chunks out of brick and mortar stores, signaling (IMO) an eventual end to brick and mortar stores for everything except, say, groceries.

You'd see Wal-Mart continue to pick up some, and possibly Target. Chances are most exclusives would end up at online retailers if it's lucrative enough, which honestly, I don't see. Obviously BBTS charges an uptick and that's to offset the price of which they're buying the item at, which causes it to be significantly higher than retail.

For those interested, the Guardian this morning reports that the UK division is going the same way despite earlier assurances to the contrary. Toys R Us employs 3,200 people in the UK, who all face redundancy if the firm can't agree to restructuring.

Does anyone know which of the confirmed upcoming releases were meant to be TRU exclusive?

This is a distinct lesson in corporate greed. I'd love to expand, but it doesn't matter because ultimately everyone loses except the shareholders.

I honestly doubt that. As convenient as online stores are, I think that there will always be a place for brick and mortar stores. At least in our lifetimes anyway. That being said, the only kind of brick and mortar stores I see existing in the next couple of decades are big chains like Walmart, truck stops or other roadside places, and small businesses that people love either because they build personal relationships with those that work there or because they embody the culture and the heart of where ever it is they live.

As for the news itself, this is very disappointing. Not because I care about Toys R Us itself, I'm indifferent to the store itself, but it would suck for so many people to loss their jobs.

They can close some of the Puerto Rico locations, those places got really messed up during Maria.