WreckerJack wrote:And here I thought that the internet would cheer me up after being sick all day.
I couldn't agree more about not taking your toys for granted. Here is to hoping that another company will try and pick up where TRU is leaving off. Makes me worry a bit for the future of toys as a whole considering how crappy my local Target is.
william-james88 wrote:You understood perfectly, that is exactly what a leveraged buy out is. It minimizes the risk for investors.
lakebot wrote: I really hate having to shop online for new toys. Having packages sit on your door step all day is a dangerous game(porch pirates) and that doesn't even take into consideration the damage that can occur during shipping. Hence why I have had the chip on my shoulder regarding TRU's lack of stock. Although I do realize my experiences do not necessarily reflect those of others in other locales.
Va'al wrote:I keep track of everyone. Backwards.
There are atandarfs to maintain.
LOST Cybertronian wrote:Hey, If Mindmaster survived then you should do just fine.
Ironhidensh wrote:http://money.cnn.com/2018/03/14/news/companies/toys-r-us-closing-stores/index.html
darkjedi187 wrote:Use those gift cards if you can, I was told yesterday they wouldn't accept them.
Z3ROhour wrote:i was there when it opened
ill b there the day it goes.
tmthor wrote:Maybe the decline of the toy industry is the lack of Saturday morning cartoons and the after school cartoons. They are no more..don't give me the Cartoon network and nickleodean excuse either. I talked with a guy who used to work for Hasbro in the 80's and 90's and he confirmed when the Saturday morning cartoons went away so did the toy companies main source of advertising (commercials and toy tie in shows). He told me that with out some change (this was around the time of the first TF movie) in movies and other forms of entertainment ....the Toy industry as a whole will colapse and well that was before KB closed....and now TRU.
Mindmaster wrote:Very depressing. TRU has came in clutch on more than one occasion for me (its literally the only place that’s even bothered to stock the last three Titan-class figures on the shelves where I’m at). Got quite a few memories from TRU.
william-james88 wrote:Mindmaster wrote:Very depressing. TRU has came in clutch on more than one occasion for me (its literally the only place that’s even bothered to stock the last three Titan-class figures on the shelves where I’m at). Got quite a few memories from TRU.
I keep seeing this claim about the titans and while its true that they put them in their stores, I dont see how that helps anyone.
Would americans pay 150$ if they see it in a store right now, rather than instead purchasing it for way less at walmart.com https://www.walmart.com/ip/Transformers ... n/55589165
Or amazon https://www.seibertron.com/transformers ... zon/40584/
That_Guy wrote:william-james88 wrote:Mindmaster wrote:Very depressing. TRU has came in clutch on more than one occasion for me (its literally the only place that’s even bothered to stock the last three Titan-class figures on the shelves where I’m at). Got quite a few memories from TRU.
I keep seeing this claim about the titans and while its true that they put them in their stores, I dont see how that helps anyone.
Would americans pay 150$ if they see it in a store right now, rather than instead purchasing it for way less at walmart.com https://www.walmart.com/ip/Transformers ... n/55589165
Or amazon https://www.seibertron.com/transformers ... zon/40584/
for some folks, it's about also holding it in your hands while purchasing it. While at the same time, not 100%, I don't trust shipping. I've gotten some amazon packages that looked like they were kicked to my apartment (luckily the product itself was not damaged). While you can then go online and say "Hey package came in, but it was damaged" how often do the remedy that?
william-james88 wrote:That_Guy wrote:william-james88 wrote:Mindmaster wrote:Very depressing. TRU has came in clutch on more than one occasion for me (its literally the only place that’s even bothered to stock the last three Titan-class figures on the shelves where I’m at). Got quite a few memories from TRU.
I keep seeing this claim about the titans and while its true that they put them in their stores, I dont see how that helps anyone.
Would americans pay 150$ if they see it in a store right now, rather than instead purchasing it for way less at walmart.com https://www.walmart.com/ip/Transformers ... n/55589165
Or amazon https://www.seibertron.com/transformers ... zon/40584/
for some folks, it's about also holding it in your hands while purchasing it. While at the same time, not 100%, I don't trust shipping. I've gotten some amazon packages that looked like they were kicked to my apartment (luckily the product itself was not damaged). While you can then go online and say "Hey package came in, but it was damaged" how often do the remedy that?
Ok, all this is worth 50$ ? To how many people? Has anyone here actualy purchased a titan for 150$ in a store when they could have bought it for 50$ less online at that very moment?
I have not found 1 person so far who did.
That_Guy wrote:william-james88 wrote:That_Guy wrote:william-james88 wrote:Mindmaster wrote:Very depressing. TRU has came in clutch on more than one occasion for me (its literally the only place that’s even bothered to stock the last three Titan-class figures on the shelves where I’m at). Got quite a few memories from TRU.
I keep seeing this claim about the titans and while its true that they put them in their stores, I dont see how that helps anyone.
Would americans pay 150$ if they see it in a store right now, rather than instead purchasing it for way less at walmart.com https://www.walmart.com/ip/Transformers ... n/55589165
Or amazon https://www.seibertron.com/transformers ... zon/40584/
for some folks, it's about also holding it in your hands while purchasing it. While at the same time, not 100%, I don't trust shipping. I've gotten some amazon packages that looked like they were kicked to my apartment (luckily the product itself was not damaged). While you can then go online and say "Hey package came in, but it was damaged" how often do the remedy that?
Ok, all this is worth 50$ ? To how many people? Has anyone here actualy purchased a titan for 150$ in a store when they could have bought it for 50$ less online at that very moment?
I have not found 1 person so far who did.
Call me weird, but I would, although I can get it on a Mil base for $112, yea still not 50 dollars, but it's in my hand and if I see an issue I can quickly return it and worse case get my money back. Wife also calls me very old fashioned, but yea. As you can tell, I don't buy things often from Amazon or Walmart. My wife does, she would probably do that. Also, Toys R Us did (almost put does, but they're going bye bye) price match (even online prices, I asked a cashier they said yup [yes I'm that guy]) something Walmart no longer does.
Edit: I also enjoy the hunt, again call me weird if you must.
In the face of these extraordinary circumstances, further waivers of covenant
defaults are unobtainable. The B-4 lenders—the primary economic stakeholders with respect to
the U.S. collateral—have determined that the best way to maximize their recoveries is to liquidate
the existing inventory in all of the Debtors’ 735 remaining U.S. stores and begin an orderly
wind-down of the U.S. operations. To be clear, the Debtors are not precluding the prospect of any
going concern option for U.S. stores.
In fact, the Debtors have developed a potentially
value-maximizing transaction that would combine up to 200 of the top-performing U.S. stores
(primarily those operating under the side-by-side format similar to the stores operating in Canada) with a going-concern transaction for their Canadian operations. The Debtors are currently
engaged with certain interested parties, including the B-4 Lenders, regarding this transaction and
are hopeful that such a transaction can develop as part of the sale of their Canadian
operations
But because time is of the essence to mitigate losses and maximize recoveries to U.S.
stakeholders, the Debtors regrettably must move forward with implementing a wind-down while
simultaneously pursuing a going-concern transaction tied to Canadian operations.
Accordingly, by this Motion, the Debtors are taking the prudent and responsible
step of seeking authority to begin an immediate and orderly liquidation of their U.S. business and
to sell the Debtors’ equity interest in the Canadian operations.
william-james88 wrote:If anyone ever wanted all the details on the Toysrus bakrutcy court hearing, well today is your lucky day since WFMJ.com got their hands on the 124-page filing in U.S. Bankruptcy court. It states the reasons as to why Toysrus has to start liquidating its stores right away, which incudes "2017 U.S. holiday sales [that] came in well below worst case projections". The sales were 250 Million less than projected.
Employees have been given a 60 day notice to employment termination, which means that they will at least be paid for 60 more days (regardless of whether or not the stores will remain open for 2 more months).
It is unsure if gift cards will be honoured since it is not part of the instructions but it is being urged by state governors.
What is part of instructions though, is the description of a deal Toys R Us is currently in the middle of. While a liquidation must happen, it is simultaneously working on a deal to sell 200 US stores along with their entire Canadian operations (which is a very hot commodity right now) to a few interested parties.
While the US operations are unatractive to investors, the lack of competition in Canada and overal better managed stores, have made those stores very profitable (to the point of having a surplus which went towards repaying debt owed by the US operations) and that has attracted several investors. So Toys R Us might survive afterall, but it would be a smaller company and a Canadian company. We have included the most inportant part of the 124 page document below, which illustrates this plan, but you can read the entire file here.In the face of these extraordinary circumstances, further waivers of covenant
defaults are unobtainable. The B-4 lenders—the primary economic stakeholders with respect to
the U.S. collateral—have determined that the best way to maximize their recoveries is to liquidate
the existing inventory in all of the Debtors’ 735 remaining U.S. stores and begin an orderly
wind-down of the U.S. operations. To be clear, the Debtors are not precluding the prospect of any
going concern option for U.S. stores.
In fact, the Debtors have developed a potentially
value-maximizing transaction that would combine up to 200 of the top-performing U.S. stores
(primarily those operating under the side-by-side format similar to the stores operating in Canada) with a going-concern transaction for their Canadian operations. The Debtors are currently
engaged with certain interested parties, including the B-4 Lenders, regarding this transaction and
are hopeful that such a transaction can develop as part of the sale of their Canadian
operations
But because time is of the essence to mitigate losses and maximize recoveries to U.S.
stakeholders, the Debtors regrettably must move forward with implementing a wind-down while
simultaneously pursuing a going-concern transaction tied to Canadian operations.
Accordingly, by this Motion, the Debtors are taking the prudent and responsible
step of seeking authority to begin an immediate and orderly liquidation of their U.S. business and
to sell the Debtors’ equity interest in the Canadian operations.
6
To effectuate the U.S. wind-down,
tmthor wrote:william-james88 wrote:If anyone ever wanted all the details on the Toysrus bakrutcy court hearing, well today is your lucky day since WFMJ.com got their hands on the 124-page filing in U.S. Bankruptcy court. It states the reasons as to why Toysrus has to start liquidating its stores right away, which incudes "2017 U.S. holiday sales [that] came in well below worst case projections". The sales were 250 Million less than projected.
Employees have been given a 60 day notice to employment termination, which means that they will at least be paid for 60 more days (regardless of whether or not the stores will remain open for 2 more months).
It is unsure if gift cards will be honoured since it is not part of the instructions but it is being urged by state governors.
What is part of instructions though, is the description of a deal Toys R Us is currently in the middle of. While a liquidation must happen, it is simultaneously working on a deal to sell 200 US stores along with their entire Canadian operations (which is a very hot commodity right now) to a few interested parties.
While the US operations are unatractive to investors, the lack of competition in Canada and overal better managed stores, have made those stores very profitable (to the point of having a surplus which went towards repaying debt owed by the US operations) and that has attracted several investors. So Toys R Us might survive afterall, but it would be a smaller company and a Canadian company. We have included the most inportant part of the 124 page document below, which illustrates this plan, but you can read the entire file here.In the face of these extraordinary circumstances, further waivers of covenant
defaults are unobtainable. The B-4 lenders—the primary economic stakeholders with respect to
the U.S. collateral—have determined that the best way to maximize their recoveries is to liquidate
the existing inventory in all of the Debtors’ 735 remaining U.S. stores and begin an orderly
wind-down of the U.S. operations. To be clear, the Debtors are not precluding the prospect of any
going concern option for U.S. stores.
In fact, the Debtors have developed a potentially
value-maximizing transaction that would combine up to 200 of the top-performing U.S. stores
(primarily those operating under the side-by-side format similar to the stores operating in Canada) with a going-concern transaction for their Canadian operations. The Debtors are currently
engaged with certain interested parties, including the B-4 Lenders, regarding this transaction and
are hopeful that such a transaction can develop as part of the sale of their Canadian
operations
But because time is of the essence to mitigate losses and maximize recoveries to U.S.
stakeholders, the Debtors regrettably must move forward with implementing a wind-down while
simultaneously pursuing a going-concern transaction tied to Canadian operations.
Accordingly, by this Motion, the Debtors are taking the prudent and responsible
step of seeking authority to begin an immediate and orderly liquidation of their U.S. business and
to sell the Debtors’ equity interest in the Canadian operations.
6
To effectuate the U.S. wind-down,
So in otherwords the US stores will Liquidate and if a deal is set the Canadian stores could be saved...but its basically too late for the US stores once liquidation starts. Untill the Canadian owners want to open new stores in the areas where the 200 stores were performing...maybe they could open smaller stores at the malls I hear rent is cheaper then big standalone stores
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