chuckdawg1999 wrote:I don't know if this will happen but I've heard that with the liquidation TRUs might close without notice and without going out of business sales.
chuckdawg1999 wrote:I don't know if this will happen but I've heard that with the liquidation TRUs might close without notice and without going out of business sales.
william-james88 wrote:chuckdawg1999 wrote:I don't know if this will happen but I've heard that with the liquidation TRUs might close without notice and without going out of business sales.
Yes, they are burning through millions every month to keep stores open, some might just close to stop losing money. They could just mass sell their toys to a discount outlet.
tmthor wrote:Some sites are saying the Canada sale will probably not happen or at least the 200 American stores part won't
Bids for Canadian Equity: A Qualified Bid must offer to purchase at least the Canadian Equity, and may also identify which, if any, subset of the Debtors’ U.S. stores it proposes to purchase. A single bidder or group of bidders may submit a Bid.
chuckdawg1999 wrote:I do a lot of surveys online for points that can be redeemed for various gift cards like TRU. Today I got a notice from one of my sites that TRU will stop accepting gift cards on April 15th. I'm not sure if this is 100% accurate and I don't know if that includes reward coupons like the $5 one I have.
The Cause and Consequences of the Retail Apocalypse"
Private equity firms overburdened businesses with debt, and now workers are paying the price. Will policymakers do anything about it?
By DAVID DAYEN, The New Republic, Nov. 14, 2018
[...] RadioShack, The Limited, Payless, and Toys 'R' Us are among 19 retail bankruptcies this year. Some point to Amazon and other online retailers for wrestling away market share, but e-commerce sales in the second quarter of 2017 only hit 8.9 percent of total sales. There’s still plenty of opportunity for retail outlets with physical space.
The real reason so many companies are sick, as Bloomberg explained in a recent feature, has to do with debt. Private equity firms purchased numerous chain retailers over the past decade, loading them up with unsustainable debt payments as part of a disastrous business strategy.
Buyout managers, including Bain Capital and longtime firm Kohlberg Kravis Roberts, stripped out nearly $2 billion in cash while debt levels rose.
JelZe GoldRabbit wrote:My wife went to our local TRU today and the employees there are well caught up with the current news upon being asked. Furthermore, they're expressing hope that the Canadian buyout will translate into at least US stores staying open, but if the worst comes, they'll be closing by May 14th.
WreckerJack wrote:I won't be having any kids. My toys are for ME!
william-james88 wrote:Having kids is awesome, you can go to the store and pretend the toys you're buying are for them instead and nobody gives you weird looks.
Simplify wrote:The Cause and Consequences of the Retail Apocalypse"
Private equity firms overburdened businesses with debt, and now workers are paying the price. Will policymakers do anything about it?
By DAVID DAYEN, The New Republic, Nov. 14, 2018
[...] RadioShack, The Limited, Payless, and Toys 'R' Us are among 19 retail bankruptcies this year. Some point to Amazon and other online retailers for wrestling away market share, but e-commerce sales in the second quarter of 2017 only hit 8.9 percent of total sales. There’s still plenty of opportunity for retail outlets with physical space.
The real reason so many companies are sick, as Bloomberg explained in a recent feature, has to do with debt. Private equity firms purchased numerous chain retailers over the past decade, loading them up with unsustainable debt payments as part of a disastrous business strategy.
Damn you, Cyclomney.Buyout managers, including Bain Capital and longtime firm Kohlberg Kravis Roberts, stripped out nearly $2 billion in cash while debt levels rose.
we have now accelerated our business plan and hope to have our stores up and running before Christmas. We're in discussions with many of the toy manufactures, as we try to find out the best way to support them and the 20% loss of the US toy market due to the Toys R Us liquidation.
Strategic Marks did indeed file for a trademark on the name "KB Toys" back in 2016. What's interesting here is that the original KB Toys fell victim to the same vultures at Bain Capital, who loaded that company with debt and killed it in the same way that they've destroyed Toys "R" Us. Then, in 2009, Toys "R" Us acquired the KB portfolio of trademarks from Streambank, LLC for just over $2M, taking over the domain names and later using the KB Toys name on a series of budget-priced, house-branded toys and games (they were crap) labeled as K•B Classics. Along the way, KB had many variations of their name, including K•B Toys, K•B Toys Outlet, K•B Toy Works and Kay-Bee Toys. It will be interesting to see if Toys "R" Us still considers any of those to be assets in their liquidation, as I was able to find that KBToys.com, KBToyWorks.com and KBKids.com (which once had a $43M push behind it) are all still owned by Toys "R" Us and pointed to the TRU.com server (although unresponsive)
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