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william-james88 wrote:Toysrus Canada is 100% Canadian, but there is still toysrus elsewhere in the world. What I find ery bizarre is that I recieved this e-mail from toysrus last month.

Galactic Prime wrote:

william-james88 wrote:Toysrus Canada is 100% Canadian, but there is still toysrus elsewhere in the world. What I find ery bizarre is that I recieved this e-mail from toysrus last month.

Not the same email, same subject line. The one a month ago was announcing the purchase, the one today was stating it went through successfully.

TORONTO (June 1, 2018) – Toys "R" Us (Canada) Ltd. announces the completion of the previously announced acquisition of its business by Fairfax Financial Holdings Limited. As a result of the acquisition, 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,” said Melanie Teed-Murch, President of Toys "R" Us and Babies "R" Us Canada. “I would like to extend a heartfelt thank you to our customers for their loyalty and for choosing to shop at Toys “R” Us and Babies “R” Us. 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. We are also excited about our future and look forward to inviting customers back to see what’s new in store.”

This summer, Toys “R” Us will be moving full steam ahead in getting the message to Canadians that we’re here to play, here to stay! “We will be challenging kids, parents, grand-givers and kids at heart to embrace the power of play. At Toys “R” Us, we believe that moments of joy, endless possibilities of fun and the wonder of imagination all happen through play,” said Teed-Murch.

The company also remains committed to its philanthropic initiatives and its support of communities across Canada. Each year, the company raises nearly $2 million to support its partners through the generous support of its customers and team members. Beginning this month, Toys “R” Us will 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.

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. In the coming months, the company will roll out exciting new innovations that have proven successful at recently opened stores in Langley, British Columbia and Barrie, Ontario. This format includes dedicated play areas, interactive stations for kids and mobile pay. The evolving omnichannel strategy connects customers wherever, whenever and however they want through our webstore, mobile and store shopping experience.

Visit www.toysrus.ca and www.babiesrus.ca for exciting announcements and new events happening throughout the summer.

“Toys “R” Us has a 34-year track record of standalone profitability in Canada (over the last three years, revenue has exceeded C$1 billion annually and, for the last nine years, EBITDA has exceeded C$100 million annually). With over two decades working in Canada for Toys “R” Us, Melanie has the experience necessary to lead the dedicated employees of Toys “R” Us for the benefit of all stakeholders, kids, families and communities across Canada,” said Prem Watsa, Chairman and CEO of Fairfax. “We look forward to building for the long-term and allowing the Toys “R” Us team in Canada to re-invest in the business, instead of the past history of just sending earnings to the U.S.”

- Gift cards and vouchers continue to be accepted, as long as customers spend an additional equivalent amount (i.e. to redeem a $50 gift card, a customer would need to purchase $100 worth of product). This will be true up until July 5th.
- Online orders will be delivered, provided the order has been fully paid for and the stock is available. The online ordering system will be closing June 22nd.
- Lay-bys will be honoured until July 5th.
- Workers are expected to "receive all their entitlements from the proceeds of the liquidation and asset sales".

Qwan wrote:Well, if I may be permitted to answer my own question: no, this sale is not enticing to me in the least. Honestly, 10% off doesn't even bring Deluxes down to a competitive price - they're still $1.50 more expensive than Big W has them for! The exact same toys as every other chain, being sold for barely less (sometimes still more) than other, more easily accessible stores. Yeah, way to clearance, TRU. Irritating to the very end.

Burn wrote:I walked in, took one look, decided I'd come back in a fortnight.

I don't see much TF stock moving in that time, the best I can hope for is a cheap Unite Warriors boxset.

RotorstormNZ wrote:Qwan, we New Zealand fans are highly envious - I don't think we ever had a single TRU branch anywhere!

Good luck grabbing some bargains!