How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company
Saturday, September 23rd, 2017 8:45PM CDT
Category: Company NewsPosted by: william-james88 Views: 23,956
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While it came to no one's shock that Toysrus was close to bankruptcy in the US, due to all the debt woes since the early 00's, Canadians were left puzzled by Toysrus Canada being the only subsidiary to also file for bankruptcy protection. The confusion came from the fact that Toysrus Canada was known to be autonomous from its parent company, along with having less distribution woes, only 1 major competitor, along with lots of stock and product turnaround making it a haven for any toy enthusiast (all of these later attributes are mainly due to the market only being one tenth the size of the US market, and smaller markets are easier to manage).
Well, an article from the Financial Post confirms how healthy Toysrus Canada is.
However, and here is the kicker, the article also confirms how it is linked to its US parent:
So yes, while Toysrus Canada has been doing so well that it has surplus, this $101M loan is unsecured and due to Toysrus declaring bankruptcy, there is no indication that the Canadian operations will ever see that money again. Just to give any reader an idea of how massive this amount is for Toysrus Canada, this $101M unsecured loan is a quarter the size of the $400M debt coming to term soon for TRU USA which caused the later to file for Chapter 11. And this massive $101M amount was given from a subsidiary that only has 10% of the market the US has. This explains how a company which would have been autonomous is instead very much linked financially and how Toysrus going down is dragging the subsidiary down with it.
If you are interested in legal talk, the full article has you covered and you can find it here.
Well, an article from the Financial Post confirms how healthy Toysrus Canada is.
The profitable Toys Canada “operates as a relatively autonomous business unit and has achieved strong financial and operational performance in recent years,” the company said in court filings. It is cash-flow positive, has had compounded annual revenue growth of 5 per cent in the past three years and has almost doubled net earnings in that time, the filings said, and it wants to keep all of its stores open and operating.
However, and here is the kicker, the article also confirms how it is linked to its US parent:
Indeed, the Canadian unit has been sending surplus cash from its operations to support its U.S. parent’s cash flow needs, making $101 million in unsecured inter-company loans to the troubled U.S. division since 2016.
So yes, while Toysrus Canada has been doing so well that it has surplus, this $101M loan is unsecured and due to Toysrus declaring bankruptcy, there is no indication that the Canadian operations will ever see that money again. Just to give any reader an idea of how massive this amount is for Toysrus Canada, this $101M unsecured loan is a quarter the size of the $400M debt coming to term soon for TRU USA which caused the later to file for Chapter 11. And this massive $101M amount was given from a subsidiary that only has 10% of the market the US has. This explains how a company which would have been autonomous is instead very much linked financially and how Toysrus going down is dragging the subsidiary down with it.
If you are interested in legal talk, the full article has you covered and you can find it here.
Credit(s): Financial Post
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Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1912528)
Posted by Ig89ninja on September 23rd, 2017 @ 9:04pm CDT
Posted by Ig89ninja on September 23rd, 2017 @ 9:04pm CDT
that figure variety!
Why cant the US have that variety!?!
Why cant the US have that variety!?!
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1912534)
Posted by shajaki on September 23rd, 2017 @ 9:12pm CDT
This makes me wonder... could TRU USA disappear while TRU Canada remains? And how are other TRU's fairing? I don't even know how many countries they're in, but I know they're in Japan...
Posted by shajaki on September 23rd, 2017 @ 9:12pm CDT
There's 3 TRU's in my city, and none of them look like thatIg89ninja wrote:that figure variety!
Why cant the US have that variety!?!
This makes me wonder... could TRU USA disappear while TRU Canada remains? And how are other TRU's fairing? I don't even know how many countries they're in, but I know they're in Japan...
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1912540)
Posted by TF-fan kev777 on September 23rd, 2017 @ 9:49pm CDT
I've been to TRU's in Malaysia, Korea, Germany, UAE-Dubai as well as Japan and Canada (Yeah, I travel for work, a nice perk for hunting TF's. It will be interesting to see how the TRU's in other countries fare.
Posted by TF-fan kev777 on September 23rd, 2017 @ 9:49pm CDT
shajaki wrote:There's 3 TRU's in my city, and none of them look like thatIg89ninja wrote:that figure variety!
Why cant the US have that variety!?!
This makes me wonder... could TRU USA disappear while TRU Canada remains? And how are other TRU's fairing? I don't even know how many countries they're in, but I know they're in Japan...
I've been to TRU's in Malaysia, Korea, Germany, UAE-Dubai as well as Japan and Canada (Yeah, I travel for work, a nice perk for hunting TF's. It will be interesting to see how the TRU's in other countries fare.
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1912542)
Posted by No One on September 23rd, 2017 @ 9:54pm CDT
Posted by No One on September 23rd, 2017 @ 9:54pm CDT
Not ONE toy store in Dubai EVER has new Transformers.
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1912544)
Posted by shajaki on September 23rd, 2017 @ 10:00pm CDT
Posted by shajaki on September 23rd, 2017 @ 10:00pm CDT
So... is TRU USA the only one in trouble then?TF-fan kev777 wrote:shajaki wrote:There's 3 TRU's in my city, and none of them look like thatIg89ninja wrote:that figure variety!
Why cant the US have that variety!?!
This makes me wonder... could TRU USA disappear while TRU Canada remains? And how are other TRU's fairing? I don't even know how many countries they're in, but I know they're in Japan...
I've been to TRU's in Malaysia, Korea, Germany, UAE-Dubai as well as Japan and Canada (Yeah, I travel for work, a nice perk for hunting TF's. It will be interesting to see how the TRU's in other countries fare.
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1912549)
Posted by Jelze Bunnycat on September 23rd, 2017 @ 10:20pm CDT
The details specify that any TRU outside of the US and Canada are not part of the Chapter 11 filings.
Posted by Jelze Bunnycat on September 23rd, 2017 @ 10:20pm CDT
shajaki wrote:So... is TRU USA the only one in trouble then?TF-fan kev777 wrote:shajaki wrote:There's 3 TRU's in my city, and none of them look like thatIg89ninja wrote:that figure variety!
Why cant the US have that variety!?!
This makes me wonder... could TRU USA disappear while TRU Canada remains? And how are other TRU's fairing? I don't even know how many countries they're in, but I know they're in Japan...
I've been to TRU's in Malaysia, Korea, Germany, UAE-Dubai as well as Japan and Canada (Yeah, I travel for work, a nice perk for hunting TF's. It will be interesting to see how the TRU's in other countries fare.
The details specify that any TRU outside of the US and Canada are not part of the Chapter 11 filings.
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1912563)
Posted by Cybertronius Primus on September 24th, 2017 @ 3:35am CDT
Posted by Cybertronius Primus on September 24th, 2017 @ 3:35am CDT
The only new thing to come in near me was at a Smyth's over here in the UK and that was one step scorn, cogman and drift. Toys r us had a tiny new display piece with some of the new artwork on but that's about it for the past month.
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1912566)
Posted by fenrir72 on September 24th, 2017 @ 4:55am CDT
Filing Chapter 11 is just to protect the company's assets from being cannibalized by the creditors. For the time being.
Unless the debt is paid, the TRU name will just end as as the only part that might survive this fiasco.
And all those SALES just made matters worst. So gloat all you want (you know who you are), but Hb too will also be affected by this. For the good or bad, well...........I got online Takara shopping so no worries for me.
Posted by fenrir72 on September 24th, 2017 @ 4:55am CDT
william-james88 wrote:While it came to no one's shock that Toysrus was close to bankruptcy in the US, due to all the debt woes since the early 00's, Canadians were left puzzled by Toysrus Canada being the only subsidiary to also file for bankruptcy protection. The confusion came from the fact that Toysrus Canada was known to be autonomous from its parent company, along with having less distribution woes, only 1 major competitor, along with lots of stock and product turnaround making it a haven for any toy enthusiast (all of these later attributes are mainly due to the market only being one tenth the size of the US market, and smaller markets are easier to manage).
Well, an article from the Financial Post confirms how healthy Toysrus Canada is.The profitable Toys Canada “operates as a relatively autonomous business unit and has achieved strong financial and operational performance in recent years,” the company said in court filings. It is cash-flow positive, has had compounded annual revenue growth of 5 per cent in the past three years and has almost doubled net earnings in that time, the filings said, and it wants to keep all of its stores open and operating.
However, and here is the kicker, the article also confirms how it is linked to its US parent:Indeed, the Canadian unit has been sending surplus cash from its operations to support its U.S. parent’s cash flow needs, making $101 million in unsecured inter-company loans to the troubled U.S. division since 2016.
So yes, while Toysrus Canada has been doing so well that it has surplus, this $101M loan is unsecured and due to Toysrus declaring bankruptcy, there is no indication that the Canadian operations will ever see that money again. Just to give any reader an idea of how massive this amount is for Toysrus Canada, this $101M unsecured loan is a quarter the size of the $400M debt coming to term soon for TRU USA which caused the later to file for Chapter 11. And this massive $101M amount was given from a subsidiary that only has 10% of the market the US has. This explains how a company which would have been autonomous is instead very much linked financially and how Toysrus going down is dragging the subsidiary down with it.
If you are interested in legal talk, the full article has you covered and you can find it here.
Filing Chapter 11 is just to protect the company's assets from being cannibalized by the creditors. For the time being.
Unless the debt is paid, the TRU name will just end as as the only part that might survive this fiasco.
And all those SALES just made matters worst. So gloat all you want (you know who you are), but Hb too will also be affected by this. For the good or bad, well...........I got online Takara shopping so no worries for me.
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1912574)
Posted by OptimalOptimus2 on September 24th, 2017 @ 7:47am CDT
I the future generations of kids in the United States are losing interests in toys. But what isn't losing profits are electronics. On multiple occurrences, I see parents giving their toddlers tablets and cellphones so they can watch YouTube or play games. These toddlers give so much attention to electronics, that they will lay down in the middle of the floor watching videos or playing games and it's up to you, the pedestrian to walk around them. So the most playful stimulus toddlers are now having is playing with electronics. This desire only increases as they get older because technology gives the most escape from reality than a plastic doll, a die cast car, or a fuzzy teddy bear.
So I think the biggest reason Toysrus and the toy aisles of Target, Walmart, Kmart, etc. are diminishing in the U.S. is due to consumers (children) lower demand for toys and higher demands for electronics and the latest technology.
Posted by OptimalOptimus2 on September 24th, 2017 @ 7:47am CDT
Ig89ninja wrote:that figure variety!
Why cant the US have that variety!?!
I the future generations of kids in the United States are losing interests in toys. But what isn't losing profits are electronics. On multiple occurrences, I see parents giving their toddlers tablets and cellphones so they can watch YouTube or play games. These toddlers give so much attention to electronics, that they will lay down in the middle of the floor watching videos or playing games and it's up to you, the pedestrian to walk around them. So the most playful stimulus toddlers are now having is playing with electronics. This desire only increases as they get older because technology gives the most escape from reality than a plastic doll, a die cast car, or a fuzzy teddy bear.
So I think the biggest reason Toysrus and the toy aisles of Target, Walmart, Kmart, etc. are diminishing in the U.S. is due to consumers (children) lower demand for toys and higher demands for electronics and the latest technology.
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1912579)
Posted by hurricane567 on September 24th, 2017 @ 9:33am CDT
Posted by hurricane567 on September 24th, 2017 @ 9:33am CDT
My local US TRU has a 4 foot wide Transformers section. [orders Misfire from Timmy's Toy Box/Amazon.com]
[orders Misfire from Timmy's Toy Box/Amazon.com]
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1912585)
Posted by fenrir72 on September 24th, 2017 @ 10:10am CDT
Astute observation. Btw, haven't you noticed that the reason those electronic stuff continue to sell well is because the manufacturer is getting their return on investments? Meaning, the product SELLS for FULL RETAIL!
The m0r0ns who don't buy in FULL RETAIL is basically condemning the product to extinction! Support the product at FULL COST and not on SALES!
They keep on saying that manufacturers like Hb isn't affected because they already sold the product to the retailer. Well they are CRETINS! If the retailer keeps on taking a HIT, then they will order LESS and LESS of the product resulting to the manufacturer pulling out or axing a particular product, in this case (the horror......Tfs). See what happened to the other planned box sets that were supposedly released got canned.
When TRU , who buys the products goes belly up, who fills up the vacuum? Where will Hb sell most of their wares then?
Tsk tsk tsk........
Posted by fenrir72 on September 24th, 2017 @ 10:10am CDT
OptimalOptimus2 wrote:Ig89ninja wrote:that figure variety!
Why cant the US have that variety!?!
I the future generations of kids in the United States are losing interests in toys. But what isn't losing profits are electronics. On multiple occurrences, I see parents giving their toddlers tablets and cellphones so they can watch YouTube or play games. These toddlers give so much attention to electronics, that they will lay down in the middle of the floor watching videos or playing games and it's up to you, the pedestrian to walk around them. So the most playful stimulus toddlers are now having is playing with electronics. This desire only increases as they get older because technology gives the most escape from reality than a plastic doll, a die cast car, or a fuzzy teddy bear.
So I think the biggest reason Toysrus and the toy aisles of Target, Walmart, Kmart, etc. are diminishing in the U.S. is due to consumers (children) lower demand for toys and higher demands for electronics and the latest technology.
Astute observation. Btw, haven't you noticed that the reason those electronic stuff continue to sell well is because the manufacturer is getting their return on investments? Meaning, the product SELLS for FULL RETAIL!
The m0r0ns who don't buy in FULL RETAIL is basically condemning the product to extinction! Support the product at FULL COST and not on SALES!
They keep on saying that manufacturers like Hb isn't affected because they already sold the product to the retailer. Well they are CRETINS! If the retailer keeps on taking a HIT, then they will order LESS and LESS of the product resulting to the manufacturer pulling out or axing a particular product, in this case (the horror......Tfs). See what happened to the other planned box sets that were supposedly released got canned.
When TRU , who buys the products goes belly up, who fills up the vacuum? Where will Hb sell most of their wares then?
Tsk tsk tsk........
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1912606)
Posted by william-james88 on September 24th, 2017 @ 1:48pm CDT
What I find cool about this is that technically kids havent changed but technology has. The reason we bought media related toys as kids was because we wanted to imitate what we saw for ourselves. Play with those characters. Well, this is still the main thing kids are doing today, but instead of doing it through toys, they can now actually become these same characters digitally and interact with whatever media based universe they like. Its pretty nuts how the pupularity of Lego Batman stems from the game and not the actual lego. To the point where they are now basing legos off the movie which is based on a game which was based on legos... all based on Batman
I conclude my thesis by saying that Batman rules. Oh wait, thats not at all what we were talking about.
After reading the article I newsed, it seems Canada is the one that is ultra fucked. TRU USA wants to stay alive, at least long enough that the investors can flip it or sell off its debt. But to do that, they are sqweezing the still profitable TRU Canada dry. I didnt want to write it in case I misinterpreted (and thus left it to just quoting the expert) but if I read that article correctly it seems Toysrus corporate is making TRU canada take out loans they dont need (From USA banks, no less) to then loan over to the US business because the US needs it. So they are inundating TRU Canada with debt that TRU Canada because they themselves are not able to get more. Other TRUs are not touched right now aside from TRU corporate and TRU Canada. And if anyone goes down, it seems it will be TRU Canada, being sacrificed for the sake of taking all they can from it to make TRU USA survive. We are so fucked.
Posted by william-james88 on September 24th, 2017 @ 1:48pm CDT
OptimalOptimus2 wrote:Ig89ninja wrote:that figure variety!
Why cant the US have that variety!?!
I the future generations of kids in the United States are losing interests in toys. But what isn't losing profits are electronics. On multiple occurrences, I see parents giving their toddlers tablets and cellphones so they can watch YouTube or play games. These toddlers give so much attention to electronics, that they will lay down in the middle of the floor watching videos or playing games and it's up to you, the pedestrian to walk around them. So the most playful stimulus toddlers are now having is playing with electronics. This desire only increases as they get older because technology gives the most escape from reality than a plastic doll, a die cast car, or a fuzzy teddy bear.
So I think the biggest reason Toysrus and the toy aisles of Target, Walmart, Kmart, etc. are diminishing in the U.S. is due to consumers (children) lower demand for toys and higher demands for electronics and the latest technology.
What I find cool about this is that technically kids havent changed but technology has. The reason we bought media related toys as kids was because we wanted to imitate what we saw for ourselves. Play with those characters. Well, this is still the main thing kids are doing today, but instead of doing it through toys, they can now actually become these same characters digitally and interact with whatever media based universe they like. Its pretty nuts how the pupularity of Lego Batman stems from the game and not the actual lego. To the point where they are now basing legos off the movie which is based on a game which was based on legos... all based on Batman
I conclude my thesis by saying that Batman rules. Oh wait, thats not at all what we were talking about.shajaki wrote:So... is TRU USA the only one in trouble then?TF-fan kev777 wrote:shajaki wrote:There's 3 TRU's in my city, and none of them look like thatIg89ninja wrote:that figure variety!
Why cant the US have that variety!?!
This makes me wonder... could TRU USA disappear while TRU Canada remains? And how are other TRU's fairing? I don't even know how many countries they're in, but I know they're in Japan...
I've been to TRU's in Malaysia, Korea, Germany, UAE-Dubai as well as Japan and Canada (Yeah, I travel for work, a nice perk for hunting TF's. It will be interesting to see how the TRU's in other countries fare.
After reading the article I newsed, it seems Canada is the one that is ultra fucked. TRU USA wants to stay alive, at least long enough that the investors can flip it or sell off its debt. But to do that, they are sqweezing the still profitable TRU Canada dry. I didnt want to write it in case I misinterpreted (and thus left it to just quoting the expert) but if I read that article correctly it seems Toysrus corporate is making TRU canada take out loans they dont need (From USA banks, no less) to then loan over to the US business because the US needs it. So they are inundating TRU Canada with debt that TRU Canada because they themselves are not able to get more. Other TRUs are not touched right now aside from TRU corporate and TRU Canada. And if anyone goes down, it seems it will be TRU Canada, being sacrificed for the sake of taking all they can from it to make TRU USA survive. We are so fucked.
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1912617)
Posted by shajaki on September 24th, 2017 @ 3:01pm CDT
Posted by shajaki on September 24th, 2017 @ 3:01pm CDT
That's F***ed. And incredibly depressing.william-james88 wrote:After reading the article I newsed, it seems Canada is the one that is ultra ****. TRU USA wants to stay alive, at least long enough that the investors can flip it or sell off its debt. But to do that, they are sqweezing the still profitable TRU Canada dry. I didnt want to write it in case I misinterpreted (and thus left it to just quoting the expert) but if I read that article correctly it seems Toysrus corporate is making TRU canada take out loans they dont need (From USA banks, no less) to then loan over to the US business because the US needs it. So they are inundating TRU Canada with debt that TRU Canada because they themselves are not able to get more. Other TRUs are not touched right now aside from TRU corporate and TRU Canada. And if anyone goes down, it seems it will be TRU Canada, being sacrificed for the sake of taking all they can from it to make TRU USA survive. We are so ****.
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1912626)
Posted by Epsilon Delta on September 24th, 2017 @ 4:54pm CDT
Posted by Epsilon Delta on September 24th, 2017 @ 4:54pm CDT
One of the problems I've seen is TRU increasing prices by 25% over the other stores. I usually price match to Walmart or Target, but sometimes Walmart online has wonky prices compared to in-store and Target says in-store only and they won't price match. Then I either try and find them in a Walmart/Target store, online, or just miss out. With, what I feel, is lower quality toys at higher prices, then marked up even more, I just don't want to drop the money. For TRU, it isn't just Transformers, it's all their products getting overpriced.
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1912633)
Posted by Decepticon Stryker on September 24th, 2017 @ 6:32pm CDT
Posted by Decepticon Stryker on September 24th, 2017 @ 6:32pm CDT
*Looks at news thumbnail*
...
*Looks at their local TRU shelf*
Why is it that all the stores that sell Transformers near me have such a poor selection? I really hope they'll be able to pull $400 million though. TRU is one of my favorite stores. Looks like I'll need to increase my number of visits.
...
*Looks at their local TRU shelf*
Why is it that all the stores that sell Transformers near me have such a poor selection? I really hope they'll be able to pull $400 million though. TRU is one of my favorite stores. Looks like I'll need to increase my number of visits.
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1912641)
Posted by william-james88 on September 24th, 2017 @ 7:56pm CDT
But you know, its not just my TRU. While I do preffer showing pics of TRU since it look more vast and impressive, my local walmarts arent shabby either to the point where all is not lost if I only have Walmart to rely on in the future.
Sadly though, Toysrus is the best at prices in my area due to Hasbro encouraging sales and coupons (as confirmed in another article), a practice they dont do with Walmart (since Walmart dont need no help). So while my Walmart would be a bad option, I would lose out on savings.
Posted by william-james88 on September 24th, 2017 @ 7:56pm CDT
Decepticon Stryker wrote:*Looks at news thumbnail*
...
*Looks at their local TRU shelf*
Why is it that all the stores that sell Transformers near me have such a poor selection? I really hope they'll be able to pull $400 million though. TRU is one of my favorite stores. Looks like I'll need to increase my number of visits.
But you know, its not just my TRU. While I do preffer showing pics of TRU since it look more vast and impressive, my local walmarts arent shabby either to the point where all is not lost if I only have Walmart to rely on in the future.Sadly though, Toysrus is the best at prices in my area due to Hasbro encouraging sales and coupons (as confirmed in another article), a practice they dont do with Walmart (since Walmart dont need no help). So while my Walmart would be a bad option, I would lose out on savings.
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1912831)
Posted by Concept on September 25th, 2017 @ 4:31pm CDT
Posted by Concept on September 25th, 2017 @ 4:31pm CDT
Didn't know the Canadian TRU was so profitable...we rarely see some of what is offered in the US. Many times they'll list items in advanced which aren't even in stock yet then never do come into stock and vanish off their website like they never even exist. This is what keeps me from TRU stores and I stick to Walmart. Plus I have to drive over an hour in either direction to go to a TRU to see if they actually have something in stock when the website doesn't list it. Very frustrating since TRU carries certain exclusives and we get jipped out of them. 
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1912878)
Posted by william-james88 on September 25th, 2017 @ 10:12pm CDT
Its mainly because there is very little competiton for toys in Canada.
Posted by william-james88 on September 25th, 2017 @ 10:12pm CDT
Concept wrote:Didn't know the Canadian TRU was so profitable...we rarely see some of what is offered in the US.
Its mainly because there is very little competiton for toys in Canada.
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1912884)
Posted by WreckerJack on September 25th, 2017 @ 10:45pm CDT
I think this video brings up a few good points about the state of their bankruptcy.
Posted by WreckerJack on September 25th, 2017 @ 10:45pm CDT
I think this video brings up a few good points about the state of their bankruptcy.
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1913062)
Posted by shajaki on September 26th, 2017 @ 7:35pm CDT
Posted by shajaki on September 26th, 2017 @ 7:35pm CDT
I was hoping for some comments about the relation of TRU USA and Canada. It was rather simplistic.
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1913063)
Posted by WreckerJack on September 26th, 2017 @ 7:52pm CDT
I have been wondering that too, I know it's harder to get toys online in Canada. Even tho I live in the states I am concerned for my Canadian pals. Wish I knew more about how that all works.
Posted by WreckerJack on September 26th, 2017 @ 7:52pm CDT
shajaki wrote:I was hoping for some comments about the relation of TRU USA and Canada. It was rather simplistic.
I have been wondering that too, I know it's harder to get toys online in Canada. Even tho I live in the states I am concerned for my Canadian pals. Wish I knew more about how that all works.
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1913072)
Posted by william-james88 on September 26th, 2017 @ 8:31pm CDT
You either get it cheap in a store or you pay through the ass online, thats how it works in canada.
And yeah, the video was just about the US segment. Shajaki, Canada is just tied to the US in the fact that the US owns it 100%. It runs independently but it is still owned by the US, just like how Takara is run independently from TOMY but TOMY owns all of it.
So if TRU USA says Jump, TRU Canada says how high. And right now TRU USA is indebting TRU Canada so that TRU Corporate can get more money. Yay.
Posted by william-james88 on September 26th, 2017 @ 8:31pm CDT
WreckerJack wrote:shajaki wrote:I was hoping for some comments about the relation of TRU USA and Canada. It was rather simplistic.
I have been wondering that too, I know it's harder to get toys online in Canada. Even tho I live in the states I am concerned for my Canadian pals. Wish I knew more about how that all works.
You either get it cheap in a store or you pay through the ass online, thats how it works in canada.
And yeah, the video was just about the US segment. Shajaki, Canada is just tied to the US in the fact that the US owns it 100%. It runs independently but it is still owned by the US, just like how Takara is run independently from TOMY but TOMY owns all of it.
So if TRU USA says Jump, TRU Canada says how high. And right now TRU USA is indebting TRU Canada so that TRU Corporate can get more money. Yay.
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1918396)
Posted by Bounti76 on October 25th, 2017 @ 6:01pm CDT
Posted by Bounti76 on October 25th, 2017 @ 6:01pm CDT
Fellow Seibertronian d-maximus_Prime has pointed us to an article on CNN's Money Section, regarding Toys "R" Us' bankruptcy, and how it's expected to affect toy sales this Christmas shopping season. Hasbro's CFO, Deborah Thomas, said that while 3rd quarter sales and profits were above forecasts, 4th quarter sales were now expected to be only slightly higher than last year, which is a significant drop from where they had been expected to be.
You can read the full article by clicking here. What do you think of this latest development? Discuss it in our forums below!
You can read the full article by clicking here. What do you think of this latest development? Discuss it in our forums below!
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1918398)
Posted by Sunburnninja on October 25th, 2017 @ 7:08pm CDT
Posted by Sunburnninja on October 25th, 2017 @ 7:08pm CDT
Im pretty sure their prices are taking part in this too, not just TRU
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1918401)
Posted by Nightbeat339 on October 25th, 2017 @ 8:18pm CDT
Posted by Nightbeat339 on October 25th, 2017 @ 8:18pm CDT
Makes sense. My local TRU only has TLK wave 1, a couple of Triggerhappys and Twinfernos, and some random RiD figures. I've been waiting for them to get the latest waves of Titans Return for months now.
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1918403)
Posted by Megatron Wolf on October 25th, 2017 @ 9:04pm CDT
Took the words right out of my mouth, any lose they have is not just because of TRU. High prices alienating people from buying and terrible distribution making people who want to buy unable to is going to lose you money. Just hope its enough to get them to rethink what they're doing otherwise the lose is just going to get bigger.
Posted by Megatron Wolf on October 25th, 2017 @ 9:04pm CDT
Sunburnninja wrote:Im pretty sure their prices are taking part in this too, not just TRU
Took the words right out of my mouth, any lose they have is not just because of TRU. High prices alienating people from buying and terrible distribution making people who want to buy unable to is going to lose you money. Just hope its enough to get them to rethink what they're doing otherwise the lose is just going to get bigger.
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1918416)
Posted by fenrir72 on October 25th, 2017 @ 10:56pm CDT
Posted by fenrir72 on October 25th, 2017 @ 10:56pm CDT
Simple answer. Either you buy at retail cost or the company goes belly up. What's so hard to digest with that? If them toys are too dang expensive, it shelf warms. Then the store stops ordering the items. Less orders, less drive for the manufacturers to R and D leading to the toyline's eventual demise.
Market forces PEOPLE!
Also, buyer preference now has convenience as a priority over the rush and tumble business model of shopping real time. Stores must adapt to these trends. Mall type models are really taking a hit on this.
For TRU, the confluence of these factors equals...................this!
Market forces PEOPLE!
Also, buyer preference now has convenience as a priority over the rush and tumble business model of shopping real time. Stores must adapt to these trends. Mall type models are really taking a hit on this.
For TRU, the confluence of these factors equals...................this!
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1918436)
Posted by Carnivius_Prime on October 26th, 2017 @ 5:16am CDT
Yeah my nearest Toys R Us only got in wave 4 of Titans Return a short while ago after shelfwarming previous waves for months and TLK stuff hasn't moved past wave 1 even after DVD of the film has been released. I bought my TLK Prime and Barricade from Toys R Us when Wave 1 first came out and would have bought more waves if they had been available to me. As it is I had to get Megatron and Sqweeks elsewhere and recently ordered W3 Bee and Cogman online too.
Posted by Carnivius_Prime on October 26th, 2017 @ 5:16am CDT
Nightbeat339 wrote:Makes sense. My local TRU only has TLK wave 1, a couple of Triggerhappys and Twinfernos, and some random RiD figures. I've been waiting for them to get the latest waves of Titans Return for months now.
Yeah my nearest Toys R Us only got in wave 4 of Titans Return a short while ago after shelfwarming previous waves for months and TLK stuff hasn't moved past wave 1 even after DVD of the film has been released. I bought my TLK Prime and Barricade from Toys R Us when Wave 1 first came out and would have bought more waves if they had been available to me. As it is I had to get Megatron and Sqweeks elsewhere and recently ordered W3 Bee and Cogman online too.
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1918453)
Posted by william-james88 on October 26th, 2017 @ 9:23am CDT
We cant be sure. The revenue lost by less items bought due to price increases could be offset by the increased revenue from higher prices.
Hasbro has economists and actuarial mathematicians to plan prices out, I dont think any of us are qualified to be sure of anything.
Posted by william-james88 on October 26th, 2017 @ 9:23am CDT
Sunburnninja wrote:Im pretty sure their prices are taking part in this too, not just TRU
We cant be sure. The revenue lost by less items bought due to price increases could be offset by the increased revenue from higher prices.
Hasbro has economists and actuarial mathematicians to plan prices out, I dont think any of us are qualified to be sure of anything.
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1918496)
Posted by Aimless Misfire on October 26th, 2017 @ 2:27pm CDT
Posted by Aimless Misfire on October 26th, 2017 @ 2:27pm CDT
Does anybody remember the Gulf war when the gas prices went through the roof? Hasbro blamed the skyrocketing prices of oil for their price hikes. Then the price of oil came back down but Hasbro never lowered their prices.
Now they keep raising the prices & can't even get their product into stores. And we're supposed to feel sorry for them. Oh boo hoo!
Now they keep raising the prices & can't even get their product into stores. And we're supposed to feel sorry for them. Oh boo hoo!
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1918499)
Posted by william-james88 on October 26th, 2017 @ 3:13pm CDT
I dont think anyone is feeling sorry for them. I feel sorry for the fans with the whole distribution woes. They make no sense for anyone. TRU and Walmart wouuld want wae 2 TLK to be in stores during summer when the film is hot so why not have them there. While it is not Hasbro`s problem to ensure that walamrt stocks the toys once they buy them I feel that its a worthwhile issue they should look into when their vedors make visits.
Posted by william-james88 on October 26th, 2017 @ 3:13pm CDT
Aimless Misfire wrote:Does anybody remember the Gulf war when the gas prices went through the roof? Hasbro blamed the skyrocketing prices of oil for their price hikes. Then the price of oil came back down but Hasbro never lowered their prices.
Now they keep raising the prices & can't even get their product into stores. And we're supposed to feel sorry for them. Oh boo hoo!
I dont think anyone is feeling sorry for them. I feel sorry for the fans with the whole distribution woes. They make no sense for anyone. TRU and Walmart wouuld want wae 2 TLK to be in stores during summer when the film is hot so why not have them there. While it is not Hasbro`s problem to ensure that walamrt stocks the toys once they buy them I feel that its a worthwhile issue they should look into when their vedors make visits.
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1918566)
Posted by RAR on October 27th, 2017 @ 1:17am CDT
Indeed High Prices is exactly what is putting me off - it's a bit like the Superlink era where one could buy Japanese toys for less than American ones.
In that now One can buy some imports for less than you can buy something in a Supermarket or if not less such a small difference it's worth the extra couple of quid to get a "free" Headmaster.
For example I just bought a Legends Ravage for £14.00 and my Toymaster charges £13.99 for Legends class (when it has them) so I got a Headmaster for an extra 0.01 pence and a Ravage with a nicer sticker.
Even better for those who use Taibao. I can say in all honesty this is the least "Offical" Transformers I've bought in a given year this century and Last year was also the worst at the time.
Simply because I couldn't find ANYTHING. the last time it was this bad was one year during Prime when there was nothing for 9 months and then it all showed up at once in Home bargains at clearance prices.
I mean seriously even with a slightly reduced Pound value Deluxes prices going from £14.99 to £22.99 in a year is plain daft.
But just look at some of the Star Wars pricing too. They know that this kills lines as it has pretty much destroyed marvel Hasbro toys across Europe.
But the real insult isn't just the odd nature of the pricing ( A deluxe costs nearly the same as a Voyager and nearly the same as that Rescue Bots Bumblebee Dragon with the two dragon Minicons too).
Some people have seen £65.00 Leader class prices in the UK - which is quite obviously idiotic. It's a shame really as I was really enjoying Titans Returns until the prices went nuts and the availability vanished.
Posted by RAR on October 27th, 2017 @ 1:17am CDT
Megatron Wolf wrote:Sunburnninja wrote:Im pretty sure their prices are taking part in this too, not just TRU
Took the words right out of my mouth, any lose they have is not just because of TRU. High prices alienating people from buying and terrible distribution making people who want to buy unable to is going to lose you money. Just hope its enough to get them to rethink what they're doing otherwise the lose is just going to get bigger.
Indeed High Prices is exactly what is putting me off - it's a bit like the Superlink era where one could buy Japanese toys for less than American ones.
In that now One can buy some imports for less than you can buy something in a Supermarket or if not less such a small difference it's worth the extra couple of quid to get a "free" Headmaster.
For example I just bought a Legends Ravage for £14.00 and my Toymaster charges £13.99 for Legends class (when it has them) so I got a Headmaster for an extra 0.01 pence and a Ravage with a nicer sticker.
Even better for those who use Taibao. I can say in all honesty this is the least "Offical" Transformers I've bought in a given year this century and Last year was also the worst at the time.
Simply because I couldn't find ANYTHING. the last time it was this bad was one year during Prime when there was nothing for 9 months and then it all showed up at once in Home bargains at clearance prices.
I mean seriously even with a slightly reduced Pound value Deluxes prices going from £14.99 to £22.99 in a year is plain daft.
But just look at some of the Star Wars pricing too. They know that this kills lines as it has pretty much destroyed marvel Hasbro toys across Europe.
But the real insult isn't just the odd nature of the pricing ( A deluxe costs nearly the same as a Voyager and nearly the same as that Rescue Bots Bumblebee Dragon with the two dragon Minicons too).
Some people have seen £65.00 Leader class prices in the UK - which is quite obviously idiotic. It's a shame really as I was really enjoying Titans Returns until the prices went nuts and the availability vanished.
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1918588)
Posted by Rated X on October 27th, 2017 @ 8:47am CDT
Posted by Rated X on October 27th, 2017 @ 8:47am CDT
Get rid of Babies are Us and stop trying to compete with walmart in baby supplies. Stick to what put you on the map in the first place...toys. Problem solved.
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1918648)
Posted by william-james88 on October 27th, 2017 @ 3:50pm CDT
Posted by william-james88 on October 27th, 2017 @ 3:50pm CDT
If Toys"r"us sells Toys, what does Babies"r"us sell?
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1918655)
Posted by Stuartmaximus on October 27th, 2017 @ 4:25pm CDT
the same
Posted by Stuartmaximus on October 27th, 2017 @ 4:25pm CDT
william-james88 wrote:If Toys"r"us sells Toys, what does Babies"r"us sell?
the same
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1918721)
Posted by King Kuuga on October 28th, 2017 @ 6:51am CDT
It's funny, because the company that became Toys R Us was actually founded as a children's furniture store, which soon added baby toys. So, arguably, what would become Babies R Us came first.
Posted by King Kuuga on October 28th, 2017 @ 6:51am CDT
Rated X wrote:Get rid of Babies are Us and stop trying to compete with walmart in baby supplies. Stick to what put you on the map in the first place...toys. Problem solved.
It's funny, because the company that became Toys R Us was actually founded as a children's furniture store, which soon added baby toys. So, arguably, what would become Babies R Us came first.
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1918810)
Posted by Va'al on October 29th, 2017 @ 3:33am CDT
Posted by Va'al on October 29th, 2017 @ 3:33am CDT
We have received communication from Dave Brandon, the CEO of Toys'R'Us, given all the news about their Chapter 11 process and its repercussions on Hasbro and toy sales in general for this year, speaking on how the stores will be dealing with it all, and how they plan on assuaging some fears of the general public. You can read the whole message below, and join the conversation in the Energon Pub.
Dear Valued Customer,
As you may know, in September we announced that we were beginning a formal process – known as Chapter 11 – designed to strengthen our financial position and allow us to reinvest in our business. This was a proactive and voluntary move that gives us the opportunity to reset and do the things necessary to continue to earn your business now and well into the future.
I’m writing today because I want to assure you that you can continue to shop with us with confidence, in store or online. Your local Toys"R"Us and Babies"R"Us stores are open and our team members are standing by ready to help. You should also know that we are continuing to honor our various customer programs including Registry, Endless Earnings, Geoffrey's Birthday Club, gift cards and warranties.
With the holidays just around the corner, we have a number of exciting things in store for you:
Price Match Promise¹ – If you find a toy or baby product at a lower price at one of our competitors, Toys"R"Us will match the price. Not only will we match competitor’s prices in store, we’ll donate an additional $1 to Toys for Tots every time you price match now thru 12/24, up to $1 million.
Parents Night Out² – As a parent, I found it was always tough to find time to shop when the kids weren’t looking, so this year Toys"R"Us is hosting special events on Sunday, November 12 and Thursday, November 30 from 8-10pm local time. During these very special events, customers will have access to a shopping expert, hot toy demonstrations, games and treats (think hot chocolate bar, raffles and more) plus a sweepstakes where Rewards"R"Us members have a chance to win a trip for 4 to New York City.
Layaway and Then Some³ – We will once again offer free layaway services this holiday season, waiving the usual fee. Plus, every single day from Sunday, November 5, through Saturday, December 9, Toys"R"Us will select one layaway customer who will receive a $200 TRU gift card to put towards their layaway.
Play Lab – I have seven grandkids who would love nothing more than to visit one of our stores to test drive the newest toys. On Sunday, November 1, forty-two Toys"R"Us locations across the country will open designated play spaces in their stores. Shopping list meets play time.
Play Chaser™ – Our new augmented reality gaming app is turning our toy stores into an interactive playground. It’s also connected to our much-awaited holiday catalog, The Ultimate Guide to Play. Kids can now build their favorites list using the app.
These are just a few of the exciting changes I’m most excited for this holiday. No matter how you choose to shop with us, know that you can continue to count on us for an outstanding experience. We have been in the business of bringing joy to kids for nearly seven decades, and we welcome the opportunity to serve you this holiday season and long into the future.
Sincerely,
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1918819)
Posted by Stuartmaximus on October 29th, 2017 @ 6:57am CDT
Posted by Stuartmaximus on October 29th, 2017 @ 6:57am CDT
apart from their bloody prices! 
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1918857)
Posted by hurricane567 on October 29th, 2017 @ 12:06pm CDT
Posted by hurricane567 on October 29th, 2017 @ 12:06pm CDT
Yes, there's a huuuuge profit margin on those Bumblebee headphones, but only if someone buys them! The profit margin on an actual Bumblebee Transformer might be a lot less, but the odds of it getting sold are much better.
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1918875)
Posted by cloudballoon on October 29th, 2017 @ 2:38pm CDT
Posted by cloudballoon on October 29th, 2017 @ 2:38pm CDT
Here in Canada, I don't get how we can complain much about TRU's TF toy prices. Their main line TF prices are only a few cents higher than Walmart's. Like $19.99 vs. $19.97 for a TR DLX. They have similar prices for Legend, Deluxe and Voyager except Leader - TRU is $5 more expensive than WM.
But TRU runs far more sales on TF toys than Walmart & price-match. I'd say 75% of my TFs were purchased at sale prices (through sales of the week or rain checks from previous sales) at TRU.
TRU exchange policy is also better. I can exchange any figure from the same line to a different one with minimum hassle. This is not possible at Walmart.
Only thing I can complain are the shelf-warmers, but that's not *my problem* per se, as I can get TF figures I want 90% of the time at TRU... eventually. I'm just concern the losses incurred on TRU's finances about those shelf-warmers.
If we all want TRU to get through this tough time, we should find out how TRU can help themselves by improving their purchasing analysis. We (collectors & parents) can only buy so much BBB, OP & repaints before we collectively say "enough, don't need another similar BBB/OP"? Hasbro can also help out too.
But TRU runs far more sales on TF toys than Walmart & price-match. I'd say 75% of my TFs were purchased at sale prices (through sales of the week or rain checks from previous sales) at TRU.
TRU exchange policy is also better. I can exchange any figure from the same line to a different one with minimum hassle. This is not possible at Walmart.
Only thing I can complain are the shelf-warmers, but that's not *my problem* per se, as I can get TF figures I want 90% of the time at TRU... eventually. I'm just concern the losses incurred on TRU's finances about those shelf-warmers.
If we all want TRU to get through this tough time, we should find out how TRU can help themselves by improving their purchasing analysis. We (collectors & parents) can only buy so much BBB, OP & repaints before we collectively say "enough, don't need another similar BBB/OP"? Hasbro can also help out too.
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1918883)
Posted by dragons on October 29th, 2017 @ 4:42pm CDT
That is no different then buying toy from bigbadtoystore tfsource, robot kingdom , amazon and eBay ToysRus prices are cheap compare to online stores online store you pay for shipping and handling and tax and if you want free shipping at certain online stores you need spend certain amount plus Walmart is cheaper but there selection sucks take your pick.,
Pay double for deluxe figure at online store with shipping and handling plus tax, or go to Walmart with cheaper prices and toy your theme your looking for only takes two shelf space racks on one big aisle I look at walmart transformers section and others Toysrus selection for those have bigger selection same with target compared to walmart
Posted by dragons on October 29th, 2017 @ 4:42pm CDT
Stuartmaximus wrote:apart from their bloody prices!
That is no different then buying toy from bigbadtoystore tfsource, robot kingdom , amazon and eBay ToysRus prices are cheap compare to online stores online store you pay for shipping and handling and tax and if you want free shipping at certain online stores you need spend certain amount plus Walmart is cheaper but there selection sucks take your pick.,
Pay double for deluxe figure at online store with shipping and handling plus tax, or go to Walmart with cheaper prices and toy your theme your looking for only takes two shelf space racks on one big aisle I look at walmart transformers section and others Toysrus selection for those have bigger selection same with target compared to walmart
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1918904)
Posted by shajaki on October 29th, 2017 @ 7:24pm CDT
Posted by shajaki on October 29th, 2017 @ 7:24pm CDT
Seems to me that this is the statement they should have made in the first 24 hours of the Chapter 11 filing...
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1919014)
Posted by D-Maximal_Primal on October 30th, 2017 @ 12:53pm CDT
One thing I've really noticed just with talking to Will is the difference between TRU USA and TRU Canada. To your points here, the price differences are huge in some cases. back in combiner wars, they were selling deluxes for $24.99 while every other store (Walmart, Target) were selling them for $14.99. and even now, their deluxes range from $16.99 to $21.99, while Target and Walmart are the same. TLK is a bit more at Target and Walmart, but they're only a buck or 2 higher per size class. So the TRU USA Price difference is fairly significant.
Our TRU's do not do many sales either. If a figure goes on sale, it is almost always a simplified figure, not part of the main line. And if it is part of the main line, it's very expensive and not selling (Cybertron).
Exchange and price matching at TRU USA are BS too. You must have proof of the exact same figure, not size class, same figure to the name and packaging, to price match, and if you have to do that, why even both buying it there when you can buy it where you saw it? (I learned that with the combaticons, they would not price match them).
Honestly, TRU USA is only good for exclusives, that's about it. Prices are much higher, they are usually behind the other stores with stocking (RiD Bisk and Paralon are very popular sights around here still while Walmarts and Targets have Soundwave and Blurr), and their policies are not good either. They need to make some changes if they don't want to go bankrupt. Their USA stores and policies are flawed.
Also, Dragons: TRU USA has prices on par or worse than online, and often times here their selection is not that good, even online. How many times have I seen a figure I want on TRU.com and it says "store only" and can't be bought online. Too many. So shopping at TRU is a lot like BBTS and the such pricewise, but there are better options and more updated product-wise options, so I would rather buy from BBTS than TRU since they are more reliable
Posted by D-Maximal_Primal on October 30th, 2017 @ 12:53pm CDT
cloudballoon wrote:Here in Canada, I don't get how we can complain much about TRU's TF toy prices. Their main line TF prices are only a few cents higher than Walmart's. Like $19.99 vs. $19.97 for a TR DLX. They have similar prices for Legend, Deluxe and Voyager except Leader - TRU is $5 more expensive than WM.
But TRU runs far more sales on TF toys than Walmart & price-match. I'd say 75% of my TFs were purchased at sale prices (through sales of the week or rain checks from previous sales) at TRU.
TRU exchange policy is also better. I can exchange any figure from the same line to a different one with minimum hassle. This is not possible at Walmart.
Only thing I can complain are the shelf-warmers, but that's not *my problem* per se, as I can get TF figures I want 90% of the time at TRU... eventually. I'm just concern the losses incurred on TRU's finances about those shelf-warmers.
If we all want TRU to get through this tough time, we should find out how TRU can help themselves by improving their purchasing analysis. We (collectors & parents) can only buy so much BBB, OP & repaints before we collectively say "enough, don't need another similar BBB/OP"? Hasbro can also help out too.
One thing I've really noticed just with talking to Will is the difference between TRU USA and TRU Canada. To your points here, the price differences are huge in some cases. back in combiner wars, they were selling deluxes for $24.99 while every other store (Walmart, Target) were selling them for $14.99. and even now, their deluxes range from $16.99 to $21.99, while Target and Walmart are the same. TLK is a bit more at Target and Walmart, but they're only a buck or 2 higher per size class. So the TRU USA Price difference is fairly significant.
Our TRU's do not do many sales either. If a figure goes on sale, it is almost always a simplified figure, not part of the main line. And if it is part of the main line, it's very expensive and not selling (Cybertron).
Exchange and price matching at TRU USA are BS too. You must have proof of the exact same figure, not size class, same figure to the name and packaging, to price match, and if you have to do that, why even both buying it there when you can buy it where you saw it? (I learned that with the combaticons, they would not price match them).
Honestly, TRU USA is only good for exclusives, that's about it. Prices are much higher, they are usually behind the other stores with stocking (RiD Bisk and Paralon are very popular sights around here still while Walmarts and Targets have Soundwave and Blurr), and their policies are not good either. They need to make some changes if they don't want to go bankrupt. Their USA stores and policies are flawed.
Also, Dragons: TRU USA has prices on par or worse than online, and often times here their selection is not that good, even online. How many times have I seen a figure I want on TRU.com and it says "store only" and can't be bought online. Too many. So shopping at TRU is a lot like BBTS and the such pricewise, but there are better options and more updated product-wise options, so I would rather buy from BBTS than TRU since they are more reliable
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1924577)
Posted by Va'al on December 2nd, 2017 @ 5:03am CST
Posted by Va'al on December 2nd, 2017 @ 5:03am CST
In another addition to the long saga of the Toys'R'Us bankrupcty news, previously reported on back in September, we have some news coming at us from the UK branch of the multinational retailer, courtesy of fellow Seibertronian blackeyedprime.
It appears that, according to the BBC, out of the 106 stores currently open in the UK, at least 25 of them will be closed in the coming months due to issues of rental costs and the model of the stores themselves. You can read more about the issue here, but it seems as though holiday retail at least will not be affected, though several thousand jobs will be cut if no solution is found on time.
Worth noting: this is an entirely different issue than the Chapter 11 filing, and is limited to the UK locations of the retailer.
It appears that, according to the BBC, out of the 106 stores currently open in the UK, at least 25 of them will be closed in the coming months due to issues of rental costs and the model of the stores themselves. You can read more about the issue here, but it seems as though holiday retail at least will not be affected, though several thousand jobs will be cut if no solution is found on time.
Worth noting: this is an entirely different issue than the Chapter 11 filing, and is limited to the UK locations of the retailer.
The closures would form part of a deal to renegotiate debts owed by the company to its landlords - which must be agreed by 75% of its creditors.
The toy giant, which has around 3,000 workers, is looking to move away from its "big-box" out-of-town store model.
Christmas trading and gift cards are not expected to be affected.
The company is seeking approval from its board and US parent company to enter talks with the landlords.
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1924580)
Posted by Carnivius_Prime on December 2nd, 2017 @ 6:36am CST
Posted by Carnivius_Prime on December 2nd, 2017 @ 6:36am CST
Yeah I saw bbc page earlier and am really hoping the Cambridge store ain't gonna close cos that's the only one that's even remotely practical for me to get to and even that's an hour and half on a bus away.
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1924582)
Posted by Evil Eye on December 2nd, 2017 @ 7:00am CST
Posted by Evil Eye on December 2nd, 2017 @ 7:00am CST
As if UK distribution wasn't crap enough as is...
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1924583)
Posted by frogbat on December 2nd, 2017 @ 7:09am CST
Posted by frogbat on December 2nd, 2017 @ 7:09am CST
Just like these stores killed the independent retailers of old... the internet has killed this giant too. Not too sympathetic towards the company itself, however I hope not many peeps lose their jobs
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1924584)
Posted by Aimless Misfire on December 2nd, 2017 @ 7:13am CST
Posted by Aimless Misfire on December 2nd, 2017 @ 7:13am CST
I was reading this article, they want to pay 32 million to 17 executives: https://www.cnbc.com/2017/12/01/trustee-gives-toys-r-us-executive-bonus-plan-a-lump-of-coal.html
lol Same here! I got 2 Misfires & 1 Windblade from Timmy's.
Misfire is one of my favorites but I'll probably never see him in a store.
hurricane567 wrote:My local US TRU has a 4 foot wide Transformers section.
lol Same here! I got 2 Misfires & 1 Windblade from Timmy's.
Misfire is one of my favorites but I'll probably never see him in a store.
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1924586)
Posted by Cybertronius Primus on December 2nd, 2017 @ 7:32am CST
Posted by Cybertronius Primus on December 2nd, 2017 @ 7:32am CST
Oh no. We will lose so much. Sad. (If you couldn't tell, that was sarcasm).
Re: How Toysrus' Healthy Canadian Subsidiary is being Dragged Down by its Parent Company (1924621)
Posted by nemesisorion on December 2nd, 2017 @ 12:22pm CST
Posted by nemesisorion on December 2nd, 2017 @ 12:22pm CST
Im glad these toy shops are shutting down in the uk no misfire slugslinger windblade twintwist sixshot overlord skyshadow and they call themshelfs toys r us lol ebay is cheaper and better i got misfire slugslinger windblade twintwist sixshot overlord skyshadow on ebay for a total £150 no wonder TRU is bankrupt
