Nickster563 wrote:I thought if the Canadian branch got bought it would also save 200 US stores?
ultraimpossibleman wrote:Grand innacurration and heavy mistakes !
Diem wrote:This is exactly the kind of nonsense I'm here for.
Nickster563 wrote:I thought if the Canadian branch got bought it would also save 200 US stores?
ZeroWolf wrote:You rubbing it in will again about what tru is like for Canadian tf fans? only time I saw shelves like that at the tru near me was when the first movie came out and animated launched. Still this is good news to those in Canada
william-james88 wrote:Nickster563 wrote:I thought if the Canadian branch got bought it would also save 200 US stores?
That was a deal TRU wanted to make but it didnt pan out. They recently wrote that ALL US stores will be closing forever (which I found quite dramatic). It was easier, legally and fiscally, to just sell the canadian equity to a holding firm, which is exactly what happened. I think Fairfaz got an incredible deal here, congrats on them using value investment techniques to be able to have enough available assets to do the purchase!ZeroWolf wrote:You rubbing it in will again about what tru is like for Canadian tf fans? only time I saw shelves like that at the tru near me was when the first movie came out and animated launched. Still this is good news to those in Canada
Haha, not this time. And apparently the UK is not too shabby either with me hearing about how great Smyths Toys is.
But anyways, what I was trying to say, and maybe it didnt come out right, was that there was more at stake with TRU Canada. Most collectors here gave up on TRU US a looong time ago. It was no longer competitive (but it still had a good price match policy so I feel a guy like me could have still profited from visiting that store but whatever). So this news was sad but didnt surprise anyone really.
TRU Canada though (and TRU Hong Kong, among other international places) was a very different story. Unlike the US, this was the main place for anything toy related. More than Walmart. We have no Walgreens or targets or kmarts or those other regional superstores in the US that also order directly from hasbro. So TRU is a really big deal here and it totally takes advantage of its position as a market leader with amazing stock, like what I showed above. So, just to say, way more at stake. And with bids not geting aproved people worried. The states was long gone and had not seen the shelves stocked that well for a decade (at least) but with TRU Canada, it was still happening. And now, it can still happen, pfiew!
[...] the Australian business has racked up losses of more than $100 million over the last seven years and could not continue as a stand alone entity.
Toys 'R' Us Australia lost $7.6 million in 2017 on sales of $276.4 million and had net liabilities of $6 million, according to its latest accounts.
ultraimpossibleman wrote:Grand innacurration and heavy mistakes !
Diem wrote:This is exactly the kind of nonsense I'm here for.
dragons wrote:Wow never saw toysrus located inside mall smallest ToysRus i saw I’m surprised there was no good news for that part of country of toysrus to many drop outs wander what’s making them do so
ultraimpossibleman wrote:Grand innacurration and heavy mistakes !
Diem wrote:This is exactly the kind of nonsense I'm here for.
ZeroWolf wrote:So the question I now wonder is, what was done differently with the likes of the Canadian branch that allowed it to weather the same storm that took everything else.
ZeroWolf wrote:How sad to see a giants last few breaths. So the question I now wonder is, what was done differently with the likes of the Canadian branch that allowed it to weather the same storm that took everything else. I would have thought that all the different branches would have faced the same problems.
Burn wrote:What's disappointing is that while TRU AU has plenty of competition in terms of toys (Target, K-Mart, Big W, Myer and on a smaller scale, Toyworld), from a Transformers perspective K-Mart and Target have recently raised their prices to match TRU AU, which means they were all mostly on par.
TRU also has the better distribution with all stores Australia wide receiving their stock at the same time, while the others slowly trickle out around the country.
Plus there's the Takara Tomy stuff ...
ultraimpossibleman wrote:Grand innacurration and heavy mistakes !
Diem wrote:This is exactly the kind of nonsense I'm here for.
ultraimpossibleman wrote:Grand innacurration and heavy mistakes !
Diem wrote:This is exactly the kind of nonsense I'm here for.
June 1, 2018
To Our Valued Canadian Customers:
TOYS“R”US CANADA-WE ARE OFFICIALLY HERE TO PLAY AND HERE TO STAY!
Toys"R"Us (Canada) Ltd. announces the completion of the acquisition of its business by Fairfax Financial Holdings Limited. Toys R Us Canada is now a proudly Canadian-owned and operated business employing more than 4,000 Canadians and Canada’s only exclusive coast to coast business with over 80 locations dedicated to kids and babies across Canada.
As Canada’s leading toy and baby retailer, we are thrilled to be part of the Fairfax family and to now operate as a reinvigorated company that is 100% Canadian. I would like to extend a heartfelt thank you to our valued customers for their loyalty with us over the last several months. We are passionate about our business and want Canadians to know that we are champions of play with the newest trends and hottest toys in our stores. We believe that parenting is an adventure and Babies“R”Us Canada will be there along the journey to help parents.
Over the next few months, we will roll out exciting new innovations that have proven successful at our Langley, British Columbia and our South Barrie, Ontario stores including dedicated play areas, interactive stations for kids and mobile pay. Beginning this month, we are delighted to host 10 Starlight Dashes across Canada in which seriously ill children from the Starlight Children’s Foundation will have three minutes to race around the store and fill their carts with toys.
This summer, we will be moving full steam ahead across Canadian communities with the message that we’re here to play, here to stay! At Toys“R”Us we believe that moments of joy, endless possibilities of fun and the wonder of imagination all happen through play. We will be challenging kids, parents, grand-givers and kids at heart to embrace the power of play. Look for play events at your local store. All customer programs like Baby Registry, “R”Club™ loyalty and wish list are running just as customers know and love. Gift cards purchased in Canada can be redeemed anytime online and in any store location across the country.
Thank you for choosing to shop at Toys“R”Us Canada and Babies“R”Us Canada! We are excited about our future and look forward to inviting you back to see what’s new with us. Visit www.toysrus.ca and www.babiesrus.ca for exciting announcements and new events happening throughout the summer.
Melanie Teed-Murch, President
Toys“R”Us and Babies“R”Us Canada
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