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03-11-2018 04:22 PM
When my daughter moved to Orlando in 2001, my husband and I flew down as often as possible. Our tradition was to take our grandson and granddaughter to Toys R Us as soon as we arrived to buy them a special gift. Our grandchildren are now 20 and 23 but those memories are precious to us. It’s sad to see another company go under.
03-11-2018 04:23 PM
Some who are knowledgeable about these things have been predicting for quite a while that when too many of our population have no jobs -- no way to make a life for themselves and their loved ones -- almost everyone will be given a stipend to live.
It will be a very bad day when the world boils down to the "haves" and "have-nots." The stipend will be given as appeasement and to quell rioting. Hope I never experience such days. Hope this prediction never comes to pass.
Never shrug your shoulders over the loss of even more jobs. Everything that happens economically will have some impact, eventually, on your way of life. The old Domino Theory lives on.
We never know how these new times will end. As someone suggested, maybe the pendulum will swing and the populace will insist on brick-and-mortar stores again. At this moment, however, B&M stores are at a precarious tipping point.
03-11-2018 04:28 PM - edited 03-11-2018 04:37 PM
There is something a bit sad to me, when you can't take a child to a toy store, to buy them a gift
It was always such a treat for my two, to be taken to a store that only sold toys, and to be able to pick out a special gift ,from their family.
03-11-2018 04:33 PM
From fortune magazine
snip
If Toys “R” Us disappears in the U.S., innovation will be hurt, according to Gerrick Johnson, an analyst for BMO Capital Markets. Toymakers also will have less of an opportunity to promote their wares all year long, rather than just during the holiday rush.
“Without a dedicated toy retailer — 365 days a year — you will see growth in the industry slow,” Johnson said. “Toys ‘R’ Us is where new products can be discovered and blossom. It’s also where smaller toy companies can have an opportunity.”
Dwindling Options
Bloomberg reported on Thursday that Toys “R” Us is making preparations for a liquidation of its bankrupt U.S. operations. The company has struggled to find a buyer or reach a debt-restructuring deal with lenders, leaving it with few options.
Claire’s Stores Inc., another chain that sells some toys, also is said to be nearing bankruptcy — though it’s not at the point of being shut down.
Toys “R” Us’s demise would hit a toy industry that’s already faltering. The business grew just 1 percent in 2017 and fell during the holiday season, according to NPD Group.
Some chalked that up to the struggles at Toys “R” Us, which entered bankruptcy in September. But others point to an overreliance on movie tie-ins and a lack of novelty: Star Wars toys didn’t sell as well as expected, perhaps because kids see them as a tired formula.
03-11-2018 04:41 PM
The stock for both Mattel and Hasbro dropped Friday. In Mattel’s case, I think the drop was 9%. Hopefully that’s a short term drop, in reaction to the news.
03-11-2018 04:45 PM
I am sad that they are closing....I enjoyed taking the Granddaughter there to "look".....
We used to jave another big Toy Store here that opened the same time Toys R Us did here...It was called Children's Palace...
03-11-2018 05:40 PM
I thought Walmart was America’s toy store now. If you can find an unopened package.
03-11-2018 06:02 PM
@Mominohiowrote:
@Stevie Nixwrote:What I will miss if all the TRU stores close is the shear joy my grandkids have just wandering around looking for the perfect toy.
I agree!
When my son was little, it was a great way to see and experience the toys. Just ordering off a website doesn't really give one a true look at what is being offered.
He was always excited to just go and look, even when we weren't buying. Walmart was great for that too, but didn't have as much stuff.
I don't like seeing brick and mortar going by the wayside. I have to wonder if, at some time, the pendulum will swing back, and traditional retail will see a resurgence after people get tired of getting so much stuff online that doesn't meet their standards, and wish to return to traditional shopping.
@Mominohio, I remember our getting a babysitter and hitting Toys R Us late at night before the holidays to buy her presents.
I'm afraid that this is the direction in which we are going. If anything, it will speed up along with technology. Good or bad, it's too early to tell. But I feel so bad for anyone who is pushed aside.
03-11-2018 06:17 PM
All specialty retailers face the same problem. Chains like Walmart, Target, and the warehouse stores, can buy and sell the most popular, best selling toys or other items, often at a lower price. Competition from online retailers also cuts into their revenue. If all you need is a video game, why make an extra stop at a toy store when you can pick it up at any other retailer?
If you're going to survive as a specialty retailer, you need exclusive products that are only available at your stores. You need customers to have no other choice to get the item. The big chains like Wal-Mart can watch what's selling well and steal the sales from you unless you have exclusive rights to it.
03-11-2018 06:23 PM
It was nice to look around Toys r Us years ago but buying on Amazon is so much easier now.
Toys r Us pretty much replaced "downtown" shopping years ago and other big toy outlets like Spree-so the beat goes on.
Plus their coupon deals were no big deals-and often you had to spend x amt of $$ to use them.
We are heading down to the wire where only a few outlets will remain as brick and mortar stores. Toys r Us just couldn't keep up.
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