Decision For Toys R Us Postponed and New Statement From Toys R Us Canada

Transformers News: Decision For Toys R Us Postponed and New Statement From Toys R Us Canada

Monday, March 12th, 2018 8:47PM CDT

Category: Company News
Posted by: william-james88   Views: 11,848

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A lot is going on for Toysrus. Today was going to be quite critical with a decision in bankruptcy court that might involve closing their entire US operations. However, it turns out the hearing was adjourned with no decisions made and anything planned to be discussed today will be discussed Thursday the 15th instead.

NOTICE OF ADJOURNMENT OF OMNIBUS HEARING SCHEDULED FOR MARCH 12, 2018 AT 2:00 P.M. PLEASE TAKE NOTICE THAT all matters scheduled to be heard at the omnibus hearing set for March 12, 2018 at 2:00 p.m. (prevailing Eastern Time) are being adjourned to March 15, 2018 at 2:00 p.m. (prevailing Eastern Time) and that all matters set for the omnibus hearing on March 12, 2018 have been removed from the Court’s docket.


Many Canadians are concerned since unlike the experiences reported in the US, Toysrus in Canada has been a true haven for collectors. They would pick up any exclusive from retailers that were US specific (BBTS, Target, ect) and thanks to their pricing policy and discounts, it is currently the best place to buy Transformers in the country. So of course, Canadians are very worried with what will happen if the US parent company folds. Well, we have word from the VP of marketing of the subsidiary, Clint Gaudry:

Clint Gaudry wrote:Our business in Canada is operating as usual. We remain committed to providing customers with great service and the best assortment of merchandise in the toy and baby categories. We continue to serve our customers and honour all our customer policies and programs like Baby Registry, Gift Cards and R Club loyalty.


So that's good news for Toysrus Canada but this article from the Financial Post, which looks into the future of Toysrus Canada, and it seems there will definitely be a change regardless. For instance, if Toysrus Canada survives and continues on its own, not being part of a bigger corporation means prices are bound to go up to offset costs of no longer buying as big an order from suppliers.

Any prospective buyer of Toys “R” Us Canada would have to work with skittish vendors and a higher cost base. “Things would change without the U.S. business to support the Canadian unit, anything from marketing costs to merchandising costs,” without the economies of scale of a large bulk-buying parent Minakakis said.


Transformers News: Decision For Toys R Us Postponed and Update for Toys R Us Canada
Credit(s): Financial Post and Primeclerk
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Re: Decision For Toys R Us Postponed and New Statement From Toys R Us Canada (1945818)
Posted by Ig89ninja on March 12th, 2018 @ 9:12pm CDT
wait, isn't wednesday the 14th? :???:
Re: Decision For Toys R Us Postponed and New Statement From Toys R Us Canada (1945819)
Posted by william-james88 on March 12th, 2018 @ 9:13pm CDT
Ig89ninja wrote:wait, isn't wednesday the 14th? :???:

its thursday, I fixed it
Re: Decision For Toys R Us Postponed and New Statement From Toys R Us Canada (1945833)
Posted by Aimless Misfire on March 12th, 2018 @ 11:53pm CDT
It's an extremely slow gradual decline that we've been watching since '88. Everything started going down the toilet around '88='92. All the toy lines died. The cartoons died. The stores started dying off. The economy went to hell. Music went to shit when rap came on the scene. And because of cell phones & other electronic gadgets humans don't even know how to socially interact with each other anymore. You can't stop progress! lol Let it burn! Good riddance to a rotten world.

My local Toys R Us never has anything. I leave empty handed 99% of the time. And their website is just as bad. And back in the 80's Toys R Us hardly ever had anything, Child World was my store. Child World was always better. I still miss Child World & Kay Bee but I won't miss Toys Aren't Us.
Re: Decision For Toys R Us Postponed and New Statement From Toys R Us Canada (1945850)
Posted by -Kanrabat- on March 13th, 2018 @ 4:43am CDT
I really do hope that TrU Canada keep going. If it mean paying more for the exclusives, so be it. At least they won't be scalped to death.

If TrU is gone from Canada, all that will remain is Walmart. And Walmart suck ass for toys. There's never anything in store and their websites is now infected with Amazon Style vendors, their listings peppered through Walmart's. It's garbage.

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Re: Decision For Toys R Us Postponed and New Statement From Toys R Us Canada (1945868)
Posted by Cyber Bishop on March 13th, 2018 @ 7:38am CDT
Aimless Misfire wrote:It's an extremely slow gradual decline that we've been watching since '88. Everything started going down the toilet around '88='92. All the toy lines died. The cartoons died. The stores started dying off. The economy went to hell. Music went to **** when rap came on the scene. And because of cell phones & other electronic gadgets humans don't even know how to socially interact with each other anymore. You can't stop progress! lol Let it burn! Good riddance to a rotten world.

My local Toys R Us never has anything. I leave empty handed 99% of the time. And their website is just as bad. And back in the 80's Toys R Us hardly ever had anything, Child World was my store. Child World was always better. I still miss Child World & Kay Bee but I won't miss Toys Aren't Us.



In the 90's TRU was booming, TF generation 2, The Star Wars POTF2 line came out, Beast Wars and all kinds of other toy lines were extremely popular. Every Saturday and Sunday mornings at local TRU's collectors met in droves to see what they received the night before. The downfall shift I and others I know noticed was when Kaybee toys closed down, TRU became a monopoly and then decided to jack their prices up way more than other stores. I know TRU employees that state that they feel the prices are non competitive and this is one of their downfalls. When competition goes away and one store becomes a monopoly that means prices can go up. I remember the golden days of multiple toys stores,'Lionel Playworld, Children's Palace/Child World, Toys By Roy (later merged with Kaybee) you had options but now you only have one toy specific store, TRU, they got greedy and are now paying the price for greed.
Re: Decision For Toys R Us Postponed and New Statement From Toys R Us Canada (1945892)
Posted by Kyleor on March 13th, 2018 @ 10:01am CDT
Cyber Bishop wrote:
Aimless Misfire wrote:It's an extremely slow gradual decline that we've been watching since '88. Everything started going down the toilet around '88='92. All the toy lines died. The cartoons died. The stores started dying off. The economy went to hell. Music went to **** when rap came on the scene. And because of cell phones & other electronic gadgets humans don't even know how to socially interact with each other anymore. You can't stop progress! lol Let it burn! Good riddance to a rotten world.

My local Toys R Us never has anything. I leave empty handed 99% of the time. And their website is just as bad. And back in the 80's Toys R Us hardly ever had anything, Child World was my store. Child World was always better. I still miss Child World & Kay Bee but I won't miss Toys Aren't Us.



In the 90's TRU was booming, TF generation 2, The Star Wars POTF2 line came out, Beast Wars and all kinds of other toy lines were extremely popular. Every Saturday and Sunday mornings at local TRU's collectors met in droves to see what they received the night before. The downfall shift I and others I know noticed was when Kaybee toys closed down, TRU became a monopoly and then decided to jack their prices up way more than other stores. I know TRU employees that state that they feel the prices are non competitive and this is one of their downfalls. When competition goes away and one store becomes a monopoly that means prices can go up. I remember the golden days of multiple toys stores,'Lionel Playworld, Children's Palace/Child World, Toys By Roy (later merged with Kaybee) you had options but now you only have one toy specific store, TRU, they got greedy and are now paying the price for greed.


Circuit City did the whole too greedy thing too. It seems like once corporate gets the idea that they're the 'big boys' and 'too big to fail' and 'our customers will pay whatever we say because we're *Company*' it infects most of the company and it's downhill from there.
Re: Decision For Toys R Us Postponed and New Statement From Toys R Us Canada (1945894)
Posted by tmthor on March 13th, 2018 @ 10:08am CDT
The problem I see is prices going up all across the boards. Smaller retailers pay in some cases more wholesale than Walmart or Target sell items for so all that think some white horse will take thier place....not for some as prices will probably double
Re: Decision For Toys R Us Postponed and New Statement From Toys R Us Canada (1945979)
Posted by Cyber Bishop on March 13th, 2018 @ 4:00pm CDT
Kyleor wrote:Circuit City did the whole too greedy thing too. It seems like once corporate gets the idea that they're the 'big boys' and 'too big to fail' and 'our customers will pay whatever we say because we're *Company*' it infects most of the company and it's downhill from there.

Pretty much.
Re: Decision For Toys R Us Postponed and New Statement From Toys R Us Canada (1946099)
Posted by william-james88 on March 14th, 2018 @ 8:56am CDT
The BBC has just reported that all UK Toys R Us stores are closing. This is due to no buyer willing to purchase this subsidiary. We had reported that it had fallen into administration and now we know officially of the chosen outcome and time frame.

We know the US is getting ready for a liquidation fo their own but no official decision has been made yet. You can click here for the latest news on the US and Canadian front.

Here are the key points from the BBC article:

[quote]All Toys R Us stores in the UK are expected to close in the next six weeks following the chain's collapse into administration.

The BBC understands that attempts to find a buyer for the US retailer's 100 stores in the UK have failed.

Twenty five stores have either closed in recent days or are due to shut by Thursday.

The collapse will put more than 3,000 people out of work as a dismal period for the retail sector continues.[/quote]

Re: Decision For Toys R Us Postponed and New Statement From Toys R Us Canada (1946103)
Posted by ZeroWolf on March 14th, 2018 @ 9:13am CDT
I'm going to be heading to my local either today or tomorrow. Not expecting to find anything great though. Still feels odd that they'll all be gone.
Re: Decision For Toys R Us Postponed and New Statement From Toys R Us Canada (1946136)
Posted by Big Grim on March 14th, 2018 @ 1:42pm CDT
Damn shame. They're an institution!
Re: Decision For Toys R Us Postponed and New Statement From Toys R Us Canada (1946149)
Posted by JelZe GoldRabbit on March 14th, 2018 @ 2:51pm CDT
ZeroWolf wrote:I'm going to be heading to my local either today or tomorrow. Not expecting to find anything great though. Still feels odd that they'll all be gone.


Not quite all gone I must add. Toys 'R Us has a quite a few stores in Asia, especially in Japan and they seem to be doing more than fine right now. I wonder what would happen to those stores.
Re: Decision For Toys R Us Postponed and New Statement From Toys R Us Canada (1946180)
Posted by Ironhidensh on March 14th, 2018 @ 5:45pm CDT
The news just broke: Toys R Us will be closing all 800 US stores.
Re: Decision For Toys R Us Postponed and New Statement From Toys R Us Canada (1946181)
Posted by Ironhidensh on March 14th, 2018 @ 5:51pm CDT
Re: Decision For Toys R Us Postponed and New Statement From Toys R Us Canada (1946187)
Posted by -Kanrabat- on March 14th, 2018 @ 6:30pm CDT
Ironhidensh wrote:http://money.cnn.com/2018/03/14/news/companies/toys-r-us-closing-stores/index.html


Damn.
So TrU will remain only in Canada and Asia? :-(
Re: Decision For Toys R Us Postponed and New Statement From Toys R Us Canada (1946188)
Posted by Burn on March 14th, 2018 @ 6:33pm CDT
-Kanrabat- wrote:
Ironhidensh wrote:http://money.cnn.com/2018/03/14/news/companies/toys-r-us-closing-stores/index.html


Damn.
So TrU will remain only in Canada and Asia? :-(

FYI, TRU Australia isn't part of the TRU Asia group. >:oP
Re: Decision For Toys R Us Postponed and New Statement From Toys R Us Canada (1946189)
Posted by Qwan on March 14th, 2018 @ 6:34pm CDT
[UPDATE: The Wall Street Journal has a quote from Chief Executive David Brandon on the matter of Toys R Us stores in other countries. Brandon says that the company is likely to liquidate in France, Spain, Poland and Australia, and has plans to sell its Canadian, Central European and Asian arms. The only real light in the tunnel here is the prospect of purchase; the company is currently attempting to find a buyer for a 'package' of sorts, comprised of its Canadian branch along with 200 US stores. Other countries' stores may also find themselves saved if a buyer happens to come along - Brandon has said that "all anyone has to do is offer one dollar more” than liquidation firms - but this is still not anywhere near a guarantee that Toys R Us stores are safe anywhere in the world.]

Sad news today, Seibertronians. After months of tension regarding its fate since September last year, Toys R Us has finally made the decision to sell or close all of its US stores, as reported by CNN. This comes not long off the heels of their postponed decision on Monday, but now we know the answer for certain and it's not a heartening one.

Employees have already been notified by the company's CEO, as the Wall Street Journal reports. There is not yet any word on how this will affect Toys R Us' business in Canada and other countries, though with Toys R Us expected to close all UK stores in the coming weeks as well, things aren't looking too good for the brand at large.

From a more Transformers-centric perspective, it's also unclear how this will affect Toys R Us-exclusive figures like the extremely recent Studio Series Thundercracker, and fans' attempts to acquire them. There's a lot of uncertainty going around right now, but with such a huge change as this, it's only to be expected that many things are in flux with no clear direction or solution.

Share your thoughts below in the Energon Pub if you have any perspectives on this issue, and you can be sure that Seibertron.com will be on hand to report on any further developments to this situation and its multitude of loose ends. Until next time Seibertronians, don't take your toys for granted.

Re: Decision For Toys R Us Postponed and New Statement From Toys R Us Canada (1946192)
Posted by Ultra Markus on March 14th, 2018 @ 6:47pm CDT
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Re: Decision For Toys R Us Postponed and New Statement From Toys R Us Canada (1946193)
Posted by Qwan on March 14th, 2018 @ 6:48pm CDT
So yeah, dang. Growing up mostly in a rural part of Australia it's not like I've had a whole lot to do with Toys R Us, but I did used to visit relatives in America with my family about once a year, and trips to the nearby Toys R Us were always a memorable highlight. Titanium Rodimus (a toy I still like to this day); Animated Cybertronian Optimus, Ratchet and Arcee; even a couple non-Transformers like the Glatorian Mata Nui and some weird all-terrain Hot Wheels vehicle; I have clear memories of picking up each and every one from that huge child-haven full of toys.

It is just a retail company, and not even a very popular one at that, but TRU was probably a big part of a lot of people's childhoods and it does strike a bit of a chord with me to see it go. Seems I'm overly sentimental about this, eh? Ah well... I'm guessing the big news now is going to be how TRU Canada/Australia/Asia etc. are affected by this - there's no way they're coming out totally unscathed, at least.
Re: Decision For Toys R Us Postponed and New Statement From Toys R Us Canada (1946194)
Posted by Quantum Surge on March 14th, 2018 @ 6:50pm CDT
I don't want to sound like I am brushing off a concern on the fate of a famous store, but at least there is a chance that stuff like any exclusives TRU sold (like Masterpieces and Thundercracker) can be sold in more commonly found stores. I don't think Target or Walmart would have issues with selling the upcoming MPM-5 and 6 Barricade and Ironhide or maybe bring out the Predaking gift set.
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