Forums - General Discussion - TOYS 'R' US is considering closing all of it's U.S. stores

Toys “R” Us Inc. is making preparations for a liquidation of its bankrupt U.S. operations after so far failing to find a buyer or reach a debt restructuring deal with lenders, according to people familiar with the matter.

While the situation is still fluid, a shutdown of the U.S. division has become increasingly likely in recent days, said the people, who asked not to be identified because the information is private. Hopes are fading that a buyer will emerge to keep some of the business operating, or that lenders will agree on terms of a debt restructuring, the people said.

The toy chain’s U.S. division entered bankruptcy in September, planning to emerge with a leaner business model and more manageable debt. A new $3.1 billion loan was obtained to keep the stores open during the turnaround effort, but results worsened more than expected during the holidays, casting doubt on the chain’s viability.

http://amp.timeinc.net/fortune/2018/03/09/toys-r-us-closing-us-stores-bankruptcy?__twitter_impression=true



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RIP my childhood if that happens. It was already a bummer after they closed down their flagship Times Square store, was always fun to walk in there and check out all the exclusive LEGO sets and other stuff they had.



On 2/24/13, MB1025 said:
You know I was always wondering why no one ever used the dollar sign for $ony, but then I realized they have no money so it would be pointless.

It's crazy. They still have a ton of selection. More business than some stores. More business to Amazon and Walmart I guess.



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I wouldn't shed a tear tbh. While I grew up with them,over the years their service and stores have been pure garbage both in store and online.



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I'm in the UK but the last time I went into a toys r us store there was me and one other customer and about 8 staff standing about. Huge shop too. I think I did one online order once back in the gamecube days but I think that's it. I always remember their bicycles being absolutely terrible, you couldn't really find worse, pretty abysmal at least over here in the UK. Kids are much more into videogames now which they were pretty poor at and pricing was at the higher end. Also my nearest store is about 50 miles away being a warehouse type store. They days of driving a long way to go to a store are long gone when you can just browse the internet from your settee.



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Can't say I'd miss them. They were a store that always seemed iconic, but I rarely even went there when I was a kid. Would be much more excited about a trip to Argos as a kid, they're just a better store, and still worth going to as an adult since they aren't exclusively aimed at kids.



Bet Shiken that COD would outsell Battlefield in 2018. http://gamrconnect.vgchartz.com/post.php?id=8749702

Good, the store just sucks. It's not competitive, and that's what happens as a result.



Eventually almost all stores will disappear as we continue to buy online, just the way it is now



I guess I'll have to find a new store to buy my guns from then.



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Rab said:
Eventually almost all stores will disappear as we continue to buy online, just the way it is now

Will never happen. They'll always be people that like going to actual shops and they'll also be occasions where people are too impatient to wait for an online order to be delivered.

They'll be less demand for actual stores, but that will just mean rent prices will be forced down meaning the remaining ones won't need to sell as much to remain profitable and so it will be easier for them to stick around. Plus, some stores (coffee shops) will keep appearing rather than disappearing

Last edited by Ka-pi96 - on 09 March 2018

Bet Shiken that COD would outsell Battlefield in 2018. http://gamrconnect.vgchartz.com/post.php?id=8749702