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RIP Toys R Us


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22 minutes ago, Luc Janssens said:

It was 2010, and we probably did, cuz picked up a toy truck for my then 2 year old son, in '15, I was again in Chicago and we again went to one, remember we were checking out the camper kit from the Breaking bad series,..

OK, I was just curious, I couldn't remember when it was when I met you and was curious if you had since my old store was still open at the time..

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3 hours ago, DrSprue said:

Please guys, hold your super fast palm computer device (cell phone) in your left hand and point to any store these days with your right hand and think. The webs gonna stop every kind of retail... eventually. All of them.... Goodbye shack, hobbyshops, Toys-r-us, Sears, etc... Goodbye to you all!

 

I have no Idea why this pi**** me off but it may look ok for us to do this with web purchasing and waiting for the mail to get stuff, but something is gonna kick us in the ass because of it down the road.  :(

I really don't think that will be true, maybe to some extent but I believe they'll  be brick & mortar stores for awhile, at least as long as I'll be here. And of course we can't forget that a lot of changes that come about will be things we can't change. So we'll just have to go with the flow. I know that I have even though I don't like a lot of it,  that's what one gets living in the 21st century.

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32 minutes ago, High octane said:

I really don't think that will be true, maybe to some extent but I believe they'll  be brick & mortar stores for awhile, at least as long as I'll be here. And of course we can't forget that a lot of changes that come about will be things we can't change. So we'll just have to go with the flow. I know that I have even though I don't like a lot of it,  that's what one gets living in the 21st century.

I have to wonder. I'm on the hunt for an accessory for my motorcycle's Sena Bluetooth headset. I went to two authorized Sena dealers today; neither carried anything except for the headsets themselves. If you ask, you get the answer "We can order it for you". Guess what? This isn't 1990 anymore. Ever hear of the internet? I can order exactly what I want, faster and cheaper and delivered directly to my door. Why do I need an authorized dealer that carries nothing? Same deal with the foglights on my scooter. H3 35W bulbs - not real specialized or uncommon items. I went to the dealer to order them. It took 6 weeks (and the wrong part) to find out they were discontinued. None of the auto parts stores around here carry 35W bulbs. The internet to the rescue, again.

I go to my LHS, and all they've got is the Revell and AMT junk. I've got everything I want from those two manufacturers. Re-re-reissues are of very little interest to me. New issues are few and far between. Anything interesting has to be ordered from the internet.

You can go on about how inventory costs money, taxes, few sales and so on, but if you cost-effectively run your business into the ground, are you any better off? That is the only advantage a brick and mortar store has over the internet - I can go in and walk out with what I want, and probably more.

Sorry for the rant, but most of this happened today and I'm a bit frustrated with retail right now.

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5 minutes ago, High octane said:

Hmmm, and here I myself enjoy going into parts stores, hobby shops, clothing stores, and checking things (merchandise)out and talking to people. Besides I need to get out of the house once in awhile.

Amen Brother.....!

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30 minutes ago, High octane said:

Hmmm, and here I myself enjoy going into parts stores, hobby shops, clothing stores, and checking things (merchandise)out and talking to people. Besides I need to get out of the house once in awhile.

 

23 minutes ago, D. Battista said:

Amen Brother.....!

I was just at that paint shop I found a couple weeks ago today and had asked about speed forms while there. He had looked at them earlier and thought they might have been pricey and I had seen them on the DYC site at 5 for $25 or thereabouts. While talking about this I told him I always will try and buy local first, even if it means ordering it and will go online if I can't or need it quicker and/or way cheaper than I can locally.  Spend 24 years in retail, not going to turn my back on those still in it now.

Edited by Joe Handley
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1 hour ago, High octane said:

Hmmm, and here I myself enjoy going into parts stores, hobby shops, clothing stores, and checking things (merchandise)out and talking to people. Besides I need to get out of the house once in awhile.

So do I. I make my hobby shop tour every weekend, and always give the local brick and mortars first shot at whatever I need.

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11 hours ago, SSNJim said:

So do I. I make my hobby shop tour every weekend, and always give the local brick and mortars first shot at whatever I need.

I do also, almost every weekend .... sometimes I skip one. The only thing I buy on line is an occasional model kit from E-Bay.  I have shopped at Toys-R-Us since the 80's regulary when I needed toys , video games etc. and  when I was collecting  Hot Wheels I met a guy named Roger at a Toys-R-Us by his house he was collecting also. We eventually became close friends. He has since passed . So for me seeing them close is a sad day in my life:(

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48 minutes ago, Joe Handley said:

This was a pretty good article on what happened to Toy's "R" Us, as well as other low lost retailers.

 

https://www.buzzfeed.com/leticiamiranda/how-wall-street-bought-toys-r-us-and-left-30000-people?utm_term=.xp1mj0xOr0#.vvxVelPOYl

 

It is a good article and sad news for the employees not only at Toys R Us but also other companies in the future. This is NOT the 50's & 60's anymore where EVERYBODY was working and everything was made in the USA. Those days are long gone.

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41 minutes ago, bobthehobbyguy said:

It is absolutely criminal what was done to toys r us. Who needs to rob a bank when such thievery is legal.

Perfect example of the "Golden Rule" , those that have the gold make the rules. 

Sounds like that is what killed KB Toys too, actually, I'll have to research some after work, but I think Bain Capital was part of that too.....

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  • 2 weeks later...
On 6/30/2018 at 7:18 PM, High octane said:

I really don't think that will be true, maybe to some extent but I believe they'll  be brick & mortar stores for awhile, at least as long as I'll be here. And of course we can't forget that a lot of changes that come about will be things we can't change. So we'll just have to go with the flow. I know that I have even though I don't like a lot of it,  that's what one gets living in the 21st century.

To quote from news reports about that situation....

"It seems likely we're about to see lots more bankruptcies like Toys 'R' Us, which means trouble for low-wage workers."

I agree with you HO...kinda... but really, it will be much heavier and sooner than you think. 

Edited by DrSprue
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2 minutes ago, High octane said:

Sooner than I think? Well have you considered all the empty stores, all the empty parking lots, all the people out of work, all the construction and remodeling work gone, all the real estate sitting idle, just to name a few?

Yes of course, thats my point! That is whats happening now. I've been working all my life since the 60's and as soon as the net showed up you can see this happening with-in the last 10 years or so. So much worse now than ever before! When you said  "they'll  be brick & mortar stores for awhile" and go with the flow,  made me think all is fine and this is just a passing fad.

Yea there are brick & mortar but it will only be maybe pizza shops and CVS's to get band-aids and stuff very soon. Dont quite your day job and save your bucks is my point! Your gonna need it.

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Interesting read guys

Yes the internet has an influence for TRU downfall. The real killer was the BS corporate takeover and dumping a huge debt back onto the company are what killed it, not the internet. Their sales could not re-coup that huge debt load...nor where they expected to.

I bet Bain Capital didn't lose a cent in any of the dealings because they manipulated the system to use other people's money and insulated themselves from risk. Good business, I guess?? No morals IMHO sacrificing workers

The billion Bstards have taken over and are running amuck, carte blanche to do anything they want saying it is all "just business"

rant over...well almost

Sears USA parent Co. did a similar thing to Sears Canada. They sold off  expensive real estate property in major Canadian centres and took the profits back to the States instead of re-investing into their Canada operations. Big bonuses and payouts to executives.  

You could then see the Sears Canada stores going down and down year by year.. poor service, stores shrinking, minimal stock and the Craftsman hardware stuff was especially pathetic so I stopped going. I am in large centre where there is a lot of other options. In rural Canada Sears was often the only retailer.  

Corporate greed in the name of "good Business"...sad and the workers and consumers suffer while others make their billions. It isn't offshore taking your jobs, it is all home grown greed.

Edited by Twokidsnosleep
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True story, told in many places.  Including the authorized 2003 Ford centennial book "Wheels for the World."  Since I'm too lazy to go find the actual quote, this is from memory but close:

When Ford Motor Co. installed its first robots on the assembly line, it called in UAW founder Walter Reuther for a VIP tour.  As the Ford employee escorting Reuther around made clear, they basically wanted to stick a big old thumb in Reuther's eye.

"Just look at those machines, Mr. Reuther!" the Ford PR guy enthused. "Not one of them will ever take a sick day off, or go out on strike."

"You know what else those machines won't ever do?" Reuther responded. "Buy a Ford car."

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  • 8 months later...

Sorry about the Zombie thread here...........

I had to go to Walmart today and wandered through the baby toys and regular toys and seeing how those departments suck in that store kinda hit me.  Now that I'm going to be an uncle this fall, I've come to a realization of something.......it's going to suck finally getting to be an uncle and not having Toy's "R" Us around any more........:sad:

 


I very well could have spent more there as an uncle than I ever did as one of their employees

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I haven't been in a Target in years, so I don't know how those are anymore. Last time I was in a Meijer was months before my Sister got married, let alone pregnant.  Oddly enough, the doctor estimated that the Baby should be due right after their first anniversary!

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