fenrir72 wrote:https://apnews.com/a2432730bbaf4717a52bd8bb897125d1
TRU founder dies.
"I'm very hopeful" about salvaging hundreds of the stores, Larian said. "I am more than 85% to 90% sure I can get [the buyout] funded."
Saving at least part of Toys R Us' operations not only would benefit Larian's company — which noted it was not financially involved in Larian's effort — but also rival toy makers such as El Segundo-based Mattel Inc., Hasbro Inc. and several smaller toy manufacturers.
"People say that if there is no Toys R Us another retailer will pick up the slack. I don't think so because they don't have the room," Larian said.
Major retailers with large toy departments, such as Walmart and Target, carry about 3,000 fewer items on shelves than Toys R Us stores, said Jim Silver, editor in chief of toy-review site TTPM.com.
If your donation is not used to achieve the purchase of Toys“R”Us in some form, it will be returned to you."
USA Today wrote:Toys R Us delayed the start of liquidation sales until Friday because attorneys were still preparing a court filing for the bankruptcy judge to sign off on the process, said a person with knowledge of the company’s deliberations.
ScottyP wrote:I think I'd rather donate to a charity.
Leonardo wrote:Take your lips off my pipe!
Ironhidensh wrote:The brick and mortar toy store is on life support, and has no place in the modern consumer world
o.supreme wrote:Ironhidensh wrote:The brick and mortar toy store is on life support, and has no place in the modern consumer world
I strongly disagree. If you absolutely trust the interwebs for all your purchases without reservation that's fine. I use it myself when I have to. But personally, Id always rather See/handle *know what I'm getting* in real life, what I'm going to purchase before I do.
Leonardo wrote:Take your lips off my pipe!
I agree that shrinking and transformation will happen, but I don't think it will disappear entirely. Business interests, nostalgia, and the desire for "hands on" always seem to keep the online universe from true monopoly.Ironhidensh wrote:o.supreme wrote:Ironhidensh wrote:The brick and mortar toy store is on life support, and has no place in the modern consumer world
I strongly disagree. If you absolutely trust the interwebs for all your purchases without reservation that's fine. I use it myself when I have to. But personally, Id always rather See/handle *know what I'm getting* in real life, what I'm going to purchase before I do.
I get that, and I ev3n respect and understand the sentiment. The issue is that this whpay of thinking is in the vast minority, and shrinking daily. As the older generations shop less, and the younger generations shop more, online will be the way to go. Only massive corporations like Walmart will survive, and even they will have do make massive adjustments.
Yotsuyasan wrote:If this guy is at all serious, instead of croud funding a "Save Toys 'Я' Us" campaign offering token crap rewards to people he is asking to invest in his business venture, why not strike a deal with the people trying to bring KB back? Think how much easier it might be if they combined efforts, bought up TRU locations, and rebranded them? And then it will be done with real business partners rather than trying to get thousands of average people to invest in their business in exchange for a bumper sticker or a pin.
CNN Money wrote:"My assumption is that there's about half a billion dollars worth of toys that have been produced for Toys "R" Us with no place to go," said Strategic Marks president Ellia Kassoff, in a phone interview with CNNMoney. "That's a big, big void that we're hoping to fill up."
Kassoff said he's been in contact with Hasbro Inc. (HAS) and Mattel, Inc. (MAT) and up to 200 smaller toy suppliers who are looking for new brick and mortar retailers. He said he plans to take advantage of a glut of toy manufacturers that have inventory but no place to sell it.
To get a quick retail footprint, Kassoff said he's working with companies that specialize in holiday and pop-up retail, like Spencer Spirit Holdings Inc., Go! Retail Group, and Party City Holdco Inc. (PRTY)
Seibertron wrote:I'll repost this in the KB toys discussion as well.
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