The Toys R Us Troubles Thread

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Re: The ToysRUs Troubles Thread

Postby Ironhidensh » Fri Mar 23, 2018 1:18 pm

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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.
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Re: The ToysRUs Troubles Thread

Postby Gunmetal » Fri Mar 23, 2018 1:40 pm

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.
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.

Look at digital media: that was supposed to replace physical copies long ago, yet DVD and even Blu-Ray sales continue, probably because, besides the "collection aspect", DVDs don't require subscriptions, can't be throttled back, and won't be taken away over a rights dispute.

Need any more reason to not underestimate old ways?
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Re: The ToysRUs Troubles Thread

Postby Seibertron » Fri Mar 23, 2018 2:14 pm

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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.


The KB Toys deal isn't anything to get excited about. It is certainly not a Toys R Us replacement as it is currently being discussed. It's more or less going to be the Halloween pop-up store equivalent except with toys. The Chicagoland area had some of these 2 or 3 years ago around Christmas time where it was just overpriced leftover stock from the past 5 or 10 years with really unfriendly pop-up store employees. The locations I was aware of in the northwest suburbs simply moved in after the pop-up Halloween stores moved out. It was my assumption that it was the same organization, which I thought made a lot of sense (to go from Halloween products to Toys and Christmas products).

One of the articles I read where the guy was talking about the pop-up stores made me realize that this is nothing special at all. What it seems he wants to do is purchase the leftover toy inventory, I'm sure at bargain prices, from Toys R Us warehouses or from toy makers like Mattel, Hasbro, Lego, MGA, etc who need to find a home for upcoming products they already made for Toys R Us prior to its collapse.

As toy collectors, we will most likely have already purchased these products by the time these pop-up stores "pop up". Just putting it on the record that the KB Toys that we might have some possible fun memories of will be very different from of these leftover merchandise pop-up stores that we'll potentially see later this year. From my experience, the products were way over priced and were still over priced even after the blowout clearance prices which began after Christmas that year. For those of you in the Chicagoland area, there is a similar store to the pop-up toy store that is open all year round in the old KB Toys location inside the Golf Mill mall in Niles, IL. This store also carries a lot of KO products as well as leftover retail stock (again at very high prices).

If you carefully read the articles about KB Toys and look past all of the fluff, you can figure out what the guy wants to do with these pop-up stores, and it's not what it sounds like on the surface. There are more articles out there like this one, but I think the CNN Money one sums up all you need to know. Having seen these pop-up toy stores here in Chicago, I can assure you that this is definitely NOT what it seems. It is definitely NOT KB Toys as we remember it from 10 or so years ago.

http://money.cnn.com/2018/03/20/news/co ... index.html

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)


I'll repost this in the KB toys discussion as well.
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Re: The ToysRUs Troubles Thread

Postby Seibertron » Fri Mar 23, 2018 2:19 pm

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Seibertron wrote:I'll repost this in the KB toys discussion as well.


LOL. Apparently this topic is the "KB Toys might make a return" topic as well! :BANG_HEAD:
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Re: The ToysRUs Troubles Thread

Postby -Kanrabat- » Fri Mar 23, 2018 2:44 pm

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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.


Online is just perfect and convenient... as long that constantly paying for the damn shipping fees don't bother.

IMO, I'd rather have the thing in hand before buying too.
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Re: The Toys R Us Troubles Thread

Postby Rated X » Fri Mar 23, 2018 3:06 pm

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I was off today and decided to hit the Hialeah TRU where I was there for the grand opening back in 1985. Got there at 10 am when they opened the doors and started off with the transformers section. Lousy 10% off and only wave 1 potp. Some guy grabbed a primus and then put it back when he realized it was only 15 bucks off. I saw the cart of boxes being unpacked and reconized the hasbro logo. I found 4 studio series thundercrackers. I bought one for me and one for a friend and left 2 behind. (26.99 each) with the crappy discount. I roamed around the entire store to try to get a feel of nostalgia but it wasnt there. As a kid, I was never a buyer of multiple brands so the whole "wonderland" thing didnt really touch my heart. Gone are the walls of video games (1988 Nintendo heydays) when you had to grab a ticket and take it to an enclosed pawn shop style booth to purchase your game. I did also used to buy garbage pail kids cards out there in large cellophane packs with 3 decks. Thats another TRU memory I have. But I cant say I ever ran around a TRU as as kid aisle by aisle like it was some kind of heaven for kids. I never hung out there to play free video games. After about 10 minutes I was done and ready to buy my thundercrackers and get the hell out of there. When I stuck my card in the credit card slot, the machine froze and they had to move to another machine. I called my credit card company and my card got charged twice so tgey go to f**k me one last time. Went back and the manager couldnt really do anything but assured me tge transaction was pending and would be voided by the end of the night since it never made it to the "transaction processed" screen like it did the 2nd time. I wont know for 3 days so hopefully he is right. So there you have it....my final TRU memory. Its not the store you grew up with. All these people going into secere depression over this need to let it go. On a side note, before this closing I had no idea TRU had been around since the late 1950s. I always assumed since my childhood that they opened in 1985 when they came to miami and the "grand openings" were all around the same time. We got the dukes of hazzard signing autographs so I dont know why but I really believed it was a big thing and the store must be brand new. We had Lionel Playworld down the street where I had gotten my first transformers (and also Service Merchandise) and within a few years TRU literally took them out the game. So I always thought TRU had just came into being in 1985. Hell what did I know I was only 8 years old. Oh well, thinking of keeping my thundercracker MISB as a memento especially since I know my friend will likely bust his open. So go pour out a little liquor if you choose. They had a good run. Better than most. Most of the specialized hobby stores closed by 2000 because here in Miami people just dont seem to care about collecting stuff as much as people do in middle America. Theres no money to be made by opening a small brick and mortar business here. Isnt it ironic that TRU killed Kay-bee and now Walmart killed TRU? Survival of the fittest. Oh well, thats just food for thought.
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Re: The Toys R Us Troubles Thread

Postby o.supreme » Fri Mar 23, 2018 3:21 pm

Motto: "Quis custodiet ipsos custodes"
Rated X wrote: All these people going into severe depression over this need to let it go.


Sorry you had that rough experience. I've been victim of really bad customer service there recently as well. However...I don't think anyone is going into "severe depression""...as you say (except anyone who stands to lose their job, which is completely understandable). I'm saddened to be sure, but I'm not losing any sleep over it. It's not like this is the first time this has happened. We lost a local store (Gemco) in the late 80's, probably the best "one stop shop" ever, even 30 years ago, was way better than todays Walmarts, and way better toy selection also. My old elementary school got leveled and replaced by another, Video Arcades are a thing of the past, Shopping Malls that were actually fun to go to, Blockbuster video...I can go on and on. But of course as with all things, there is balance. I'll monitor the situation with TRU closely if for no other reason than it is so convenient I pass mine each day to and from work. But when its all said and done, life goes on, I get it.
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Re: The Toys R Us Troubles Thread

Postby WreckerJack » Fri Mar 23, 2018 4:36 pm

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I agree, it's time to let go. TRU screwed itself by screwing it's customers and employees. Overpriced and understaffed is the reason that they are going under. They could have saved themselves years ago if they priced things better and didn't do so many bad business deals.

That being said I don't want TRU to go under. I'd rather have them fixed things before they went south, but that happened years ago. I'm probably in the minority here but I have never actually purchased a transformer at TRU. What I really want is a toy store that has competitive pricing and good stock. But of course that's just too much to ask. >:oP
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Re: The ToysRUs Troubles Thread

Postby Ironhidensh » Fri Mar 23, 2018 5:02 pm

Motto: "Tell those damned kids to stay off my lawn!!!"
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Gunmetal wrote:
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.
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.

Look at digital media: that was supposed to replace physical copies long ago, yet DVD and even Blu-Ray sales continue, probably because, besides the "collection aspect", DVDs don't require subscriptions, can't be throttled back, and won't be taken away over a rights dispute.

Need any more reason to not underestimate old ways?
https://www.seibertron.com/transformers/news/transformers-original-television-series-score-vinyl-repress-announced/40874/



Been to a blockbuster recently? There are no "dvd" stores.
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Re: The ToysRUs Troubles Thread

Postby primalxconvoy » Fri Mar 23, 2018 5:26 pm

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Gunmetal wrote:Look at digital media: that was supposed to replace physical copies long ago, yet DVD and even Blu-Ray sales continue, probably because, besides the "collection aspect", DVDs don't require subscriptions, can't be throttled back, and won't be taken away over a rights dispute.

Need any more reason to not underestimate old ways?
https://www.seibertron.com/transformers/news/transformers-original-television-series-score-vinyl-repress-announced/40874/


DVDs? You mean those things many people buy online from Amazon? You've confused digital distribution with digital products here. Although they can appear the same, they differ.

Regardless, Netflix, Hulu and the likes of Bitorrent are here to stay. I haven't bought a DVD or Blueray since the recent(ish) TF:TM remaster, and then I downloaded a copy of THAT off the internet afterwards. DVDs and Bluerays suffer more from region restriction, higher prices, take up too much space in my room and I have to get up and change the disk to watch something else.

Digital is simply the new standard and that's coming from someone who grew up with G1 in the 80's.

As for digital shops, then I don't care if most regular shops for most products go under. I'm more interested in availability and prices than seeing it in hand. Although it IS nice to do so, ice usually been disappointed in most retail shops due to something being unavailable, due to being sold out, or that shop not selling imported products.

Online all the way for me.
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Re: The Toys R Us Troubles Thread

Postby WreckerJack » Fri Mar 23, 2018 5:38 pm

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I always like to have a hard copy. Computer glitches suck when they eat all your songs and stuff.
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Re: The Toys R Us Troubles Thread

Postby primalxconvoy » Fri Mar 23, 2018 6:06 pm

Motto: "私はルールに違反している"
WreckerJack wrote:I always like to have a hard copy. Computer glitches suck when they eat all your songs and stuff.


That's what hard drives and cloud storage are for.
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Re: The ToysRUs Troubles Thread

Postby Seibertron » Fri Mar 23, 2018 6:13 pm

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Ironhidensh wrote:Been to a blockbuster recently? There are no "dvd" stores.


Family video chain is still kicking it and apparently doing well, last I heard.

https://www.familyvideo.com/storelocator/
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Re: The Toys R Us Troubles Thread

Postby WreckerJack » Fri Mar 23, 2018 7:02 pm

Motto: "The complain train is leaving the station."
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primalxconvoy wrote:
WreckerJack wrote:I always like to have a hard copy. Computer glitches suck when they eat all your songs and stuff.


That's what hard drives and cloud storage are for.


Indeed, but why do all that when I can just pop a DVD in my CD drive or my xbox and watch? Same deal with CD's and my boombox.
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Re: The ToysRUs Troubles Thread

Postby william-james88 » Fri Mar 23, 2018 8:00 pm

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 even respect and understand the sentiment. The issue is that this way 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.


I studied this as a business student and still pay close attention to this, but the latest facts show that Brick and Mortar retail is still a viable business strategy.

Online retail ends up being just as expensive if not more to maintain, since you now have to bare added logistics costs to ship out to clients, and plus have a better monitoring of inventory. Brick and mortar is pretty easy in that sense, someone shops there and they take the product with them and what they find in the store is at least what you have available. Plus, retail adds that impulsive purchase or cross sell, which is almost non existant at the online level.
This is why Costco is still very profitable while Amazon has smaller profit margins.

Also, you guys forget that the US has 20 Million unbanked consumers who thus cant shop online. Thats 2/3 the population of Canada, a country where Toysrus is doing really well (just to show that its a big number which can sustain a big brick and mortar operation).

So right now, brick and mortar is a very viable business strategy.
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Re: The ToysRUs Troubles Thread

Postby lakebot » Fri Mar 23, 2018 9:40 pm

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 agree with this. I guess I sound ultra pessimistic but my hesitation is because I have had so many mishaps with items shipped to me that every time I buy something online, one of the factors that goes through my mind is literally the odds of the item arriving undamaged. That doesn't even take into account the times things never showed up or it was the wrong item. This sounds stupid but I have a pretty much 100% success rate when buying anything in store. Not so much online.

At the same time I do not feel this is a reason for TRU to stay open. But I do want choices beyond Walmart/Target.
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Re: The Toys R Us Troubles Thread

Postby primalxconvoy » Fri Mar 23, 2018 9:57 pm

Motto: "私はルールに違反している"
WreckerJack wrote:
primalxconvoy wrote:
WreckerJack wrote:I always like to have a hard copy. Computer glitches suck when they eat all your songs and stuff.


That's what hard drives and cloud storage are for.


Indeed, but why do all that when I can just pop a DVD in my CD drive or my xbox and watch? Same deal with CD's and my boombox.


Why pop a dvd in your drive, when you can download them all to a harddrive and watch them on said xbox? No need to get up, no need to worry about region locking.

DVDs are simply moribund.
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Re: The Toys R Us Troubles Thread

Postby WreckerJack » Sat Mar 24, 2018 1:02 am

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primalxconvoy wrote:
WreckerJack wrote:
primalxconvoy wrote:
WreckerJack wrote:I always like to have a hard copy. Computer glitches suck when they eat all your songs and stuff.


That's what hard drives and cloud storage are for.


Indeed, but why do all that when I can just pop a DVD in my CD drive or my xbox and watch? Same deal with CD's and my boombox.


Why pop a dvd in your drive, when you can download them all to a harddrive and watch them on said xbox? No need to get up, no need to worry about region locking.

DVDs are simply moribund.

No idea how to do that, but if you'd like to explain it please PM me. (I don't want us to get too off topic here)
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Re: The Toys R Us Troubles Thread

Postby -Kanrabat- » Sat Mar 24, 2018 5:22 am

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It's that simple."
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I used to buy a lot of DVDs and I was amazed at the new features over VHS. By the time BDs rolled in, the new car smell was gone so I bought way less. But now, I'm being a bit stingy and I just watch movies via streaming or torrents. Same thing with anime. It's cheaper, it dosent use storage space, and I don't have the trouble to switch disks. TBH, it's convenience that make me pirate.

So, dear corporations, how about taking example from Steam and put ALL of TV and movies into a single service that require NO subscription fees? Because having to PAY for 20+ sumbscriptions to watch all of my sh!t legally is just ludicrous.

Hmmmmmm.............

Oooops..........

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Re: The ToysRUs Troubles Thread

Postby Galactic Prime » Sat Mar 24, 2018 10:11 am

Ironhidensh wrote:It's time to let go.

TRU was in trouble before the leveraged buyout, and if saved, they will be in trouble again.

The brick and mortar toy store is on life support, and has no place in the modern consumer world beyond local owned specialty shops. This plan to "save" it..... well, it sounds a bit shady.



You can say that, but it's inherently not true. Online shopping is only a small fraction of the entire sales in retail. That's a fact
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Re: The Toys R Us Troubles Thread

Postby ZeroWolf » Sat Mar 24, 2018 1:28 pm

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Re: The Toys R Us Troubles Thread

Postby Rodimus Knight » Sat Mar 24, 2018 3:05 pm

Be Aware that if you are buying a collectable item that you want to keep mint in package, they are running permanent marker over the barcode after you make your purchase.

I was pissed when they did that to me today.
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Re: The Toys R Us Troubles Thread

Postby primalxconvoy » Sat Mar 24, 2018 3:19 pm

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Rodimus Knight wrote:Be Aware that if you are buying a collectable item that you want to keep mint in package, they are running permanent marker over the barcode after you make your purchase.

I was pissed when they did that to me today.


Good to know. I suppose it's another reason to keep on buying from Amazon?
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Re: The Toys R Us Troubles Thread

Postby Galactic Prime » Sat Mar 24, 2018 7:50 pm

ZeroWolf wrote:It's only a small faction at the moment but growing, especially as time goes on.


Yes, but it's going to take years to even come close to over coming retail brick and mortar.

I work at Costco, you know what our company wide daily sales in North America are compared to our North American online sales are? Not even .01%

And that's the same for nearly every company.
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Re: The Toys R Us Troubles Thread

Postby Seibertron » Sat Mar 24, 2018 8:16 pm

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Galactic Prime wrote:
ZeroWolf wrote:It's only a small faction at the moment but growing, especially as time goes on.


Yes, but it's going to take years to even come close to over coming retail brick and mortar.

I work at Costco, you know what our company wide daily sales in North America are compared to our North American online sales are? Not even .01%

And that's the same for nearly every company.


Not sure if you worded that incorrectly, but according to USA Today Costco's brick and mortar sales are 95%.

USA Today wrote:Still, roughly 95% of Costco's sales continue to occur in stores, where foot traffic in the U.S. was up 6.6%.


Source: Costco holds its own against Amazon as online sales soar

I think you meant to write "you know what our company wide daily North American online sales are compared to North American stores? Not even .01%", though apparently it's up to 5% according to the article above from USA today.
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