Rasslin.Bros
Main Eventer
WF 15+ Year Member
Joined on: Jul 7, 2006 14:45:50 GMT -5
Posts: 1,471
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Post by Rasslin.Bros on Sept 18, 2017 17:06:04 GMT -5
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Post by LA Times on Sept 18, 2017 17:17:03 GMT -5
RIP Toys R Us
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Post by Glorydaysofwrestling on Sept 18, 2017 17:26:42 GMT -5
Wow! Many great memories from LJN days all the way through. RIP TRU, another part of the childhood gone.
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Post by SporeSpam on Sept 18, 2017 17:43:14 GMT -5
RIP TRU. RIP Network Spotlights. RIP Childhood.
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Post by TheLastDude on Sept 18, 2017 17:45:35 GMT -5
THE SKY IS FALLING!
Bankruptcy does not automatically mean all stores are closed. It'll start as a restructuring, which will make the company smaller and leaner if possible. If it's found that it's not possible...then yes, the company will either fold, or be bought out.
And no, it's not Amazon's fault. The fault lies in those who had been running the company and saddled TRU with billions in debt that it couldn't dig out from under. Amazon, Walmart, and Target are just competitors.
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bosox3
Superstar
Joined on: Feb 21, 2015 21:16:33 GMT -5
Posts: 506
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Post by bosox3 on Sept 18, 2017 18:00:14 GMT -5
sooo many people in here that don't understand how it works are panicing WAY too early.
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Rasslin.Bros
Main Eventer
WF 15+ Year Member
Joined on: Jul 7, 2006 14:45:50 GMT -5
Posts: 1,471
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Post by Rasslin.Bros on Sept 18, 2017 18:07:02 GMT -5
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bosox3
Superstar
Joined on: Feb 21, 2015 21:16:33 GMT -5
Posts: 506
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Post by bosox3 on Sept 18, 2017 18:14:29 GMT -5
The companies wont pull out and these articles are vague in many ways. No real facts and uncertainness to any real info. I read 4 different articles and none are doom and gloom as many are saying. We just need to see how it all plays out
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Rasslin.Bros
Main Eventer
WF 15+ Year Member
Joined on: Jul 7, 2006 14:45:50 GMT -5
Posts: 1,471
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Post by Rasslin.Bros on Sept 18, 2017 18:24:53 GMT -5
The companies wont pull out and these articles are vague in many ways. No real facts and uncertainness to any real info. I read 4 different articles and none are doom and gloom as many are saying. We just need to see how it all plays out This is also hurting Mattel and Hasbro, as Toys R Us owes money to both companies: www.cbsnews.com/news/toys-r-us-casts-shadow-over-toy-sector/
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Post by Nivro™ on Sept 18, 2017 19:13:32 GMT -5
Like I said previously, Its inevitable....Its no longer a matter of "if" but a matter of "when"
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Post by TheLastDude on Sept 18, 2017 20:38:51 GMT -5
Now check this out: See? Anything can be "reported". Until I see a report from Mattel, Hasbro, Lego, Funko, McFarlane, Jakks, Playmates, DST, Fisher Price, Jada, K'Nex, Leapfrog, Tonner, or Funskool stating they're not sending new product to TRU until they get paid in cash, I call bullcrap.
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Post by Artie Kendall on Sept 18, 2017 20:50:56 GMT -5
A lot can happen between "now and then". Until you see the liquidation info hitting, then TRU still has a chance. It is worth noting that both Hasbro and Mattel shares were down because of all the news today.
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Rasslin.Bros
Main Eventer
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Joined on: Jul 7, 2006 14:45:50 GMT -5
Posts: 1,471
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Post by Rasslin.Bros on Sept 18, 2017 21:04:14 GMT -5
See? Anything can be "reported". Until I see a report from Mattel, Hasbro, Lego, Funko, McFarlane, Jakks, Playmates, DST, Fisher Price, Jada, K'Nex, Leapfrog, Tonner, or Funskool stating they're not sending new product to TRU until they get paid in cash, I call bullcrap. Mattel's stock dropped 6% today, Hasbro's almost 2%, because of the TRU news. TRU owes money to these companies that it doesn't currently have. Their credit rating also got slashed. But they'll probably borrow money to survive the holidays, which just means more debt. They owe over $2 Billion in debt payments in 2019.
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Post by King Bálor (CM)™ on Sept 18, 2017 23:03:44 GMT -5
THE SKY IS FALLING! Bankruptcy does not automatically mean all stores are closed. It'll start as a restructuring, which will make the company smaller and leaner if possible. If it's found that it's not possible...then yes, the company will either fold, or be bought out. And no, it's not Amazon's fault. The fault lies in those who had been running the company and saddled TRU with billions in debt that it couldn't dig out from under. Amazon, Walmart, and Target are just competitors. You are correct. It doesnt mean an auto close. Restructuring is usually an option. However, evidently not for TRU. They are not looking to restructure and are ready to let the ship sink. Restructuring requires the company to make drastic changes. TRU has a proven track record for the past 10 years that it is NOT willing to make any changes for long term success. They closed ranks and denied free flowing capital all in the name of sucking every last dying drop from the company. Whether or not its even possible at this point is another story, though it sounds more like not...clearly TRU does not have the desire. Keep in mind, they were saddled with this debt bc they couldnt offset with any capital investment. And yes, Amazon DOES play a significant role in the fall of TRU. Amazon does not have a customer service problem. Amazon does not have a stocking issue. Amazon determines what to stock based on sales. And while its more cost effective since they only need to determine stock based on sales from a single location...they still depend on those marketing numbers. They are not going to just keep buying more and more Star Wars because some guy sitting at his desk in the middle of bumble says that Star Wars is a big seller nationally...thus it makes it a big seller in Orlando Florida as it is in Juno Alaska as it is in Billing Montana. Amazon saw how the future was changing and what customers wanted and delivers just that. And while Amazon may make unilateral global decisions...they can do it because they arent servicing region specific. Meaning that just because there is warehouse in your backyard, doesnt mean when you make your order...thats where its coming from. You the consumer are purchasing from a national stock. If the warehouse in your backyard doesnt have it...they look to the next closest, so on and so forth. Brick and mortars do not have this luxury. Nonetheless, TRU had seen done nothing but take the advantages they had like the birthday club and rewards dollars and cut and slash them, rendering them oblivious against the change in market. sooo many people in here that don't understand how it works are panicing WAY too early. There are a lot of people who dont understand. And most of them are kids that dont have a firm grasp on markets, business, bankruptcy, etc. But you are wrong about it being early to panic in this case. Its too LATE to panic. That time has come and gone. The petition is going to be filed in a week or so. At this point, they are crossing ts and dotting Is. The direction of this BK has already been determined and its designed so that it will in fact get affirmed.
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Post by Al_Snow_MotherF***ers on Sept 18, 2017 23:11:36 GMT -5
THE SKY IS FALLING! Bankruptcy does not automatically mean all stores are closed. It'll start as a restructuring, which will make the company smaller and leaner if possible. If it's found that it's not possible...then yes, the company will either fold, or be bought out. And no, it's not Amazon's fault. The fault lies in those who had been running the company and saddled TRU with billions in debt that it couldn't dig out from under. Amazon, Walmart, and Target are just competitors. Correct just like kmart jcpenney and etc stores there not all goings-on close on certain day and sale before it it. It's just there they will most likely change store into smaller and more efficient buying strategies and decrease amount of toys they get and focus on the higher selling onnes and probably close the lowest profit stores and then on
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nickp
Jobber
Joined on: Dec 29, 2010 21:24:56 GMT -5
Posts: 23
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Post by nickp on Sept 19, 2017 6:07:21 GMT -5
How does Dave Brandon keep getting executive jobs?
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Post by iamkrang on Sept 19, 2017 6:51:06 GMT -5
As long as Virgil still gets released I'm all good.
In all seriousness though many companies come out of bankruptcy.
And let's not forget K Mart has been going out of business for 20 years and somehow is still staggering around to its soon to be demise, but just an example of how things can be extended or repaired.
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Post by Ultimate Figure Collector on Sept 19, 2017 9:59:22 GMT -5
While it would be sad to see TRU close after all these years but it's honestly only been a matter of time. Their holiday season sales have been down for awhile now with the increase of online shipping such as Amazon, and the fact that children don't really play with toys much anymore. Sure it sucks for us collectors (mostly because of the nostalgia factor) but unless it's a network spotlight figure I never shop at TRU anyway. Their reward program isn't a very good one, their shipping online is the slowest out of anywhere I order from, and unfortunately if you go in their stores on a Saturday they are usually dead with the exception of Christmas time.
I have my associates in Small Business Management and now I'm working towards my bachelors followed by my masters. Amazon is certainly a major factor in TRU closing. No it's not the only factor, and of course bad decisions from company executives for years is also a very big factor, but yes the competitors especially Amazon and Walmart are a huge factor in Toys R Us' low sales.
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Post by SmithyPlayz on Sept 19, 2017 10:18:36 GMT -5
I wonder how much this will affect the UK and other places. I would hate to see TRU go
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Post by iamkrang on Sept 19, 2017 11:20:42 GMT -5
I wonder how much this will affect the UK and other places. I would hate to see TRU go They said most of their troubles are domestically and that worldwide operations are good. And I'm not sure what the death strike 14 paragraph post above was , but they are restructuring. Yes they filed for C11 Protection, but they are restructuring things. "Today marks the dawn of a new era at Toys"R"Us where we expect that the financial constraints that have held us back will be addressed in a lasting and effective way," said Dave Brandon, the company's chairman and CEO, said in a release announcing the filing. "We are confident that these are the right steps to ensure that the iconic Toys"R"Us and Babies"R"Us brands live on for many generations," he added."
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