Toys R Us reveals closing dates and liquidating stores

Transformers News: Toys R Us reveals closing dates and liquidating stores

Monday, March 19th, 2018 8:39PM CDT

Category: Toy News
Posted by: WreckerJack   Views: 20,163

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We have more news regarding Toys R Us going out of business. A quick thanks to Emerje for bringing this to our attention. This news comes to us from Business Insider. Toys R Us is planning to close all of it's stores and liquidate all of it's items. Toys R Us has notified employees that stores and warehouses will be shutting down by May 14th. According to employees, liquidation sales will start Thursday of this week so keep a look out. There is still time for one last visit. If you feel nostalgic you may want to read our editorial, Remembering Toys R Us.

Transformers News: Toys R Us reveals closing dates and liquidating stores
Credit(s): Business Insider
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Re: Toys R Us reveals closing dates and liquidating stores (1947162)
Posted by EunuchRon on March 19th, 2018 @ 9:40pm CDT
"One shall stand, one shall fall".
KB stands when TRU falls? If that happens, just weird, man. Weird. :BOT: :CON:
Re: Toys R Us reveals closing dates and liquidating stores (1947164)
Posted by william-james88 on March 19th, 2018 @ 10:02pm CDT
EunuchRon wrote:"One shall stand, one shall fall".
KB stands when TRU falls? If that happens, just weird, man. Weird. :BOT: :CON:

You know what else is weird? KB Toys still exists as an actual e-bay store... and they sell TRU exclusives

https://www.ebay.com/itm/Chubby-Puppies ... 3332253655
Re: Toys R Us reveals closing dates and liquidating stores (1947168)
Posted by EunuchRon on March 19th, 2018 @ 10:18pm CDT
Heavy... :shock:
Re: Toys R Us reveals closing dates and liquidating stores (1947170)
Posted by WreckerJack on March 19th, 2018 @ 11:11pm CDT
Got a text from a buddy saying that TRU doesn't to website orders to in store pickup. (you can still order from their site just not in store pickups) Did a check and sure enough I do not see that feature. Looks like their free shipping benchmark went up to 99$ for whatever reason.

Also heard from another person that grocery stores are cutting up TRU giftcards as they are being recalled. If you have any TRU giftcards or credit, use them up ASAP. Claim what is rightfully yours before it's too late.
Re: Toys R Us reveals closing dates and liquidating stores (1947172)
Posted by fenrir72 on March 19th, 2018 @ 11:33pm CDT
https://www.foxbusiness.com/features/if ... p=obinsite

"Many are speculating that Toys “R” Us liquidation plans to shutter all of its U.S. stores is imminent after the toy giant announced plans to close all of its UK stores on Wednesday.

The retailer has been struggling to keep afloat after a lackluster holiday season and failing to find a buyer to help the toy giant out of its massive piles of debt. But as with any retailer’s demise, many industry insiders are already weighing in on who could potentially capitalize off the toy giant’s death.

Although the likely winners will be Amazon, Walmart and Target, leading toy expert and CEO of TTPM.com Jim Silver says other big retail chains have already started to add more toys.

“Best Buy is expanding their toy selection. Party City is adding more toys. FAO is reopening. Kohl’s and JC Penney will carry more toys,” Silver tells FOX Business, adding that he also expects smaller specialty chains to expand as a result.

Another possibility, adds Silver, is that one of the larger international toy chains such as UK- based Smyths Toys could now be looking to target the U.S.

Gerrick Johnson, a toy analyst for BMO Capital Markets, says if liquidation happens, the move will most likely only affect smaller toy companies, and giants like Mattel and Hasbro will likely gain market share because of their scale—eventually.

“It will be harder for new products to emerge and for untested concepts to be tried out,” Johnson tells FOX Business. “So there will be disruption in the near term if these stores liquidate.”

Many big toy makers, he says, will likely struggle this year as Toys “R” Us shutters 180 store locations across the country over the next two months because of the steep discounts it’s currently offering on toys.

“These goods are 20% to 70% off. And that sell-through won't generate reorders. So the first half, and potentially the full year, will be difficult for toy companies because of this,” Johnson says.

A representative for Toys “R” Us declined to comment to FOX Business in regards to the possible liquidation.

Toys “R” Us has been struggling for several months now. In September, just before the holiday season, the company filed for bankruptcy protection as its sales have been waning and debt was piling up. Then in late January, the retailer announced its plans to shutter roughly 180 stores across the country, wiping out one-fifth of its U.S. store fleet."


https://nypost.com/2018/03/14/toys-r-us ... res-alive/

" Geoffrey the giraffe may be close to extinction — but he ain’t dead yet.

Toys ‘R’ Us is in talks to save the chain from total liquidation, The Post has learned.

As the embattled retailer braces for a bankruptcy court filing on Thursday that would begin an orderly shutdown of the 70-year-old company, investors are weighing the possibility of salvaging a downsized version of the 800-store chain, sources said.

It’s not clear how many stores could be saved."


https://nypost.com/2018/03/15/toys-r-us ... ed-wounds/

"Toys R Us said Thursday it was giving up its fight to stay alive, and that it was killed by vendors that failed to support the 70-year-old chain, by rivals whose predatory prices created a long string of losses and by the media focus on its travails.

Chief executive David Brandon ticked off a long list of suspects, including Target, Walmart and Amazon.

But a look at the actions and inactions of the once-mighty chain reveals the long-troubled retailer wasn’t murdered — it committed suicide."
Re: Toys R Us reveals closing dates and liquidating stores (1947175)
Posted by MegaX Master on March 19th, 2018 @ 11:50pm CDT
I'm leaving to a city (180 miles from where I live, theres no TRU here) on Thursday night, so sales will be ready right when I get there. As for TRU and it's end, I don't feel all that bad about it. Prices are ridiculous compared to Walmart and Target (no wonder why TRU has lost to them) and the managment is garbage. I only have a few memories of Toys R Us that were special, like going in 2010 and looking at Leader Starscream or when DOTM cyberverse Optimus Prime came out as the exclusive preview toy. Oh well, I guess I better get ready for the end. K-B relaunch, here I come!
Re: Toys R Us reveals closing dates and liquidating stores (1947184)
Posted by lakebot on March 20th, 2018 @ 12:39am CDT
tmthor wrote:Not to bust everyone's bubble but all of you that did not shop at Tru are not going to shop at the new KB why do you ask?.....because Walmart Target and Amazon will still be cheaper. They are not going to be able to compete right of the bat. The problem is Walmart and Target and Amazon are too big...the stiffle competition and yes their buying power is far beyond that of any smaller retailers. Not saying if done right the new KB will fail..just saying that at least in the beginning they will have the same prices if not higher than Tru had. Also on the radio (I have not looked up anything to check the validity of the story) but on the radio they said there Amazon is looking into buying a bunch of the Tru inventory and possibly some of the stores (the ones that are owned by Tru not leased that might be distribution warehouses idk) but the guy reported that might disrupt the Canadian stores deal. He also reported that many parties are interested in the name trademark and the online site. So this might become a big mess as far as the Canadian stores sales go...the might have to change the name if another party buys the name "toys r us"

Another thing that was discussed was that we are seeing the end of the specialty stores (big chain stores not mom and pop ones) they listed many stores that sales figures have forecasted will have troubles they named the following Best Buy, GameStop, Claire's, Barnes & nobel & FYE. They gave a multitude of reasons but the biggest one is....you can one stop shop at Walmart and Target...and get the best price in many cases...and that's what people are doing if not there Amazon...they one reporter laughed and said most likely Walmart will fear Amazon some day the way other retailers fear Walmart now.

Edit
Found the Amazon story they might be referencing look up bloomberg.com


I am seeing a lot of people indicating they feel Walmart, Target, and Amazon are better options or at least the options people will be using. While I must agree I personally use them for various purchases, including toys and transformers in particular, they are not always the best option and I think people are overlooking that. It’s already been mentioned that TRU did/was/was supposed to carry items you either couldn’t get from those locations or at least not in store. If KB comes back I don’t see this being any different and as I recall, until their last days, their toy selection was far superior to that of Walmart or Target. I do not consider Amazon for hardly any purchases(but I’ll get to that later). Prices may be higher but selection is what I’m after. And any toy or specialty store has to know they have to offer something different or more than other non-specialty shops due to the fact that they are, indeed, a specialty shop. Otherwise, why even open?

As for Amazon, I see Amazon as a thorn in the side of many businesses but I don’t feel I can safely order things online consistently. Or on eBay. I’ve repeated that many times before so I do apologize but from books to dvd’s/Blue Ray to toys, I’d say at least 10 times in the last month something has come damaged. If you’re buying older things, it can’t be helped but to buy online, unless you have limitless time to spend going from shop to shop. So it’s a necessary evil. Not one I want to be forced into for new products. Especially for the exact items that shipping can and does cause damage to. I cringe every time I place an online order because for the convenience, I sacrifice in other areas. Save money on an item, it comes damaged, send it back, play the waiting game for a refund, try again. Maybe I’m reading to much into it but it appears people prefer to sacrifice safely obtaining the item to save money?
Re: Toys R Us reveals closing dates and liquidating stores (1947203)
Posted by Z3ROhour on March 20th, 2018 @ 5:08am CDT
and we stumble
one more
creaking step
towards the dystopiac,
chaos,
death-heat
that lies there
- waiting for us all -
in the salted desert plains
of an apocalypse
we dreamed,
saw &
failed.

*sigh*
Re: Toys R Us reveals closing dates and liquidating stores (1947281)
Posted by Shiroi Haze on March 20th, 2018 @ 4:32pm CDT
I managed to snag a Thundercracker two days ago. They don't have them on shelves but they have them in the back. I had to ask an employee for him to grab one from the storage. He also said there are no more street dates since it wouldn't matter anymore. :-(
Really sad about this... Thundercracker will be my last figure that I got from toys r us.
Re: Toys R Us reveals closing dates and liquidating stores (1947363)
Posted by Z3ROhour on March 21st, 2018 @ 2:00am CDT
WreckerJack wrote:I won't be having any kids. My toys are for ME! :-D

HERE, HERE!
Re: Toys R Us reveals closing dates and liquidating stores (1947389)
Posted by o.supreme on March 21st, 2018 @ 9:22am CDT
WreckerJack wrote:Also heard from another person that grocery stores are cutting up TRU giftcards as they are being recalled. If you have any TRU giftcards or credit, use them up ASAP. Claim what is rightfully yours before it's too late.


Makes sense..all I have fortunately is a coupon that came in the mail ($10 off a purchase of $75 or more). It expires this Saturday. I was hoping the Voltron Legendary Defender set that is $100 would start to go on sale before then. Saturday is my last chance I guess...Also It probably goes without saying they aren't taking any new layaways. I'd love to put one last order on, but the time frame to pay off a layaway would come dangerously close to the date of most stores closing...Knowing me I'd pay the item off, go to the store to get it, and they'd be closed down.
Re: Toys R Us reveals closing dates and liquidating stores (1947554)
Posted by Ig89ninja on March 22nd, 2018 @ 12:43pm CDT
I just went to my TRU and on the doors there was a sign that said "liquidation sale postponed",
I'm not sure what this means (besides no toy sales for now) but i figured I'd post it here
Re: Toys R Us reveals closing dates and liquidating stores (1947564)
Posted by chuckdawg1999 on March 22nd, 2018 @ 1:19pm CDT
Ig89ninja wrote:I just went to my TRU and on the doors there was a sign that said "liquidation sale postponed",
I'm not sure what this means (besides no toy sales for now) but i figured I'd post it here


Somebody posted on Facebook a pic of a sign that said they were delayed pending court approval.
Re: Toys R Us reveals closing dates and liquidating stores (1947565)
Posted by o.supreme on March 22nd, 2018 @ 1:22pm CDT
Possibly also waiting for any standard promotions/coupons to expire. Once things start to go on clearance, all bets are off. The TRU (as of yesterday at least), even still had their list of weekly activities still posted through the end of April.
Re: Toys R Us reveals closing dates and liquidating stores (1947614)
Posted by spiderbob007 on March 22nd, 2018 @ 5:34pm CDT
I guess we can't believe TRU's corporate press releases. My TRU in Arlington, Texas had a sign, on the sliding door where you could not see behind their window advertising when the door opened, that stated: "Attention All ToysRUs Customers: We understand there may have been reports of our liquidation sale starting today. We apologize for any confusion the media may have conveyed on our liquidation sale starting date, however, we do not have confirmation as to when the liquidation sale will be[sic] begin. Please check back with us for further information and updates." They also had a sign stating that they were hiring; and there were probably more staff at this location than I have ever seen.

Even in death, TRU disappoints again...
Re: Toys R Us reveals closing dates and liquidating stores (1947639)
Posted by fenrir72 on March 22nd, 2018 @ 8:46pm CDT
Re: Toys R Us reveals closing dates and liquidating stores (1947644)
Posted by -Kanrabat- on March 22nd, 2018 @ 9:15pm CDT
fenrir72 wrote:https://apnews.com/a2432730bbaf4717a52bd8bb897125d1

TRU founder dies.


Is it just me, or the bad things are snowballing at a ridiculous pace for TrU and everything surrounding it? I can call it karma... Or life is indeed a bitch. :shock:
Re: Toys R Us reveals closing dates and liquidating stores (1947677)
Posted by Bounti76 on March 23rd, 2018 @ 2:11am CDT
Thanks to site owner Seibertron himself, we've been pointed in the direction of an L.A. Times article detailing an effort to save a majority of Toys R Us stores in the U.S., spearheaded by MGA Entertainment Inc.'s CEO and majority owner, Isaac Larian. MGA Entertainment Inc. is best known for it's line of Bratz dolls, whose entrance into the market dominated by Mattel's Barbie line was once thought foolish, until the line took a good chunk out of Barbies' share of the fashion doll market. The businessman is leading an effort to save over half of Toys R Us locations by pledging US$200 million, and trying to raise the rest of the US$800 million needed through a crowdfunding effort.

[quote]"I'm very hopeful" about salvaging hundreds of the stores, Larian said. "I am more than 85% to 90% sure I can get [the buyout] funded."

Saving at least part of Toys R Us' operations not only would benefit Larian's company — which noted it was not financially involved in Larian's effort — but also rival toy makers such as El Segundo-based Mattel Inc., Hasbro Inc. and several smaller toy manufacturers.

"People say that if there is no Toys R Us another retailer will pick up the slack. I don't think so because they don't have the room," Larian said.

Major retailers with large toy departments, such as Walmart and Target, carry about 3,000 fewer items on shelves than Toys R Us stores, said Jim Silver, editor in chief of toy-review site TTPM.com.
[/quote]

Larian is hoping to raise the needed money by May 28th, and if you feel inclined, you can help at the website http://www.savetoysrus.com, or by clicking the image below



What do you think of his effort to save the beleagured toy maker? Let us know below, and stay tuned to Seibertron.com for the latest news!
Re: Toys R Us reveals closing dates and liquidating stores (1947686)
Posted by -Kanrabat- on March 23rd, 2018 @ 4:52am CDT
Even if the toy stores will have a different names than Toys R Us, at least so many jobs will be saved. Plus, children and collectors will not be screwed.

Let's hope that they will succeed and the administration for the next stores will be more competent.
Re: Toys R Us reveals closing dates and liquidating stores (1947690)
Posted by dragons on March 23rd, 2018 @ 5:19am CDT
Well that’s good maybe Walmart should have offers buy them out at least Walmart will have decent selection for once and bigger selection possibly friendlier customer service
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