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[perfectchaos007]

where do you work now?

Hopefully Gamestop

 

[PositiveGamer]

https://www.youtube.com/watch?v=_96wWKzkp4s

Bro, so many feels with this video...

60 dollars for a 30 min game. 200 kilos max.

Put it in perspective against current times. And sometimes we complain for DLC, season passes, and micro transaction. LOL

 

[Coolluck]

Nooo my first job was at Circuit City second job was Toys R Us. Now they are going out of business as well =/

And the third?

 

[legacyzero]

I look forward to raiding my local WE-BE-TOYS' closout sale

 

[BlastProcessing]

where do you work now?

My bet is that he/she is currently a US Government employee.

 

[jstripes]

Most generally start out as the former category, but often end up in the latter.

The big toy manufacturers/creditors like Hasbro and Mattel have a big incentive to keep Toys R Us around, at least for this holiday season, so if they end up liquidating, it probably won't be until 2018.

Absolutely. All the holiday orders would have been put in place months ago, and and production runs would be underway and/or scheduled. If T'R'U were to suddenly go out of business, which they won't, it'd be a massive, destabilizing blow to those companies.

 

[formasymphonic]

End of an era

Not necessarily. Bankruptcy doesn't necessarily mean "our business is dead" - its often a technique to manage debts / write-offs etc.

Is it rejuggling the books bankruptcy or slash and burn bankruptcy?

.

 

[TheCochese]

I don't want to go bust
I'm a Toys R Us veep

A million boxes of NEC Classics
Held for our kids

 

[yrba1]

Nooo my first job was at Circuit City second job was Toys R Us. Now they are going out of business as well =/

Hope you'll work with Chase, Bank of America, Wells Fargo, Activision, or EA in the future and get paid decently at least for it

 

[sixteen-bit]

SNES classic liquidation sale when.

Well, this explains why they didn't do preorders

 

[winjet81]

Don't worry everyone, the execs will all get paid and then some.

 

[facetheslayer92]

I'm surprised Sears and Toys R Us have made it this long.

 

[Spacebar]

Well, this explains why they didn't do preorders

If only Nintendo could have supplied plenty of stock from the start it could have saved TRU. Fucking Nintendo.

/s

 

[Septimus Prime]

I don't want to go bust
I'm a Toys R Us veep

A million boxes of NEC Classics
Held for our kids

From bikes and trains
To videogames
It's the biggest toy store there was

I don't want to grow up
But since I did
They're gonna file a bankruptcy bid

 

[TripleBee]

If you have a gift card - use it quick.

 

[Clockwork]

To be honest I have never been a fan. It always seemed like you could find a better deal elsewhere for the same item and this is going back all the way to the 80's.

 

[perfectchaos007]

20 years ago did anyone beg their mom to drive them to TRU to get legendary pokemon Mew?

 

[Ovid]

Is it rejuggling the books bankruptcy or slash and burn bankruptcy?

Chapter 7 - liquidation
Chapter 11 - debt restructuring

 

[Mr. Giggles]

My childhood dies a little everyday.

 

[TyrantII]

I'm surprised Sears and Toys R Us have made it this long.

Would have made it a lot farther of Bain Capital/Mitt Romney ('s company) didn't aquire it and rape it to death.

Legally transferring money from a public company to private coffers is what a whole division of Bain specializes in. Parasitic Capitalism, and it's all perfectly legal because DC looks the other way.

Not that it is not a tough climate for retail, but being forced to move out money to Bains clients and taking on huge loans to do so is throwing a swimming person a stone.

 

[starmud]

IMO, amazon should buy them for a song and a dance. The company represents such a large chunk of sales for the toy companies that it gives them a ton of leverage to command the space. It's the only showroom retailer left for the industry/specifically aimed at children and the stores are large enough to use as pick up sites/ship from store/event operations.

with grocery stores, book stores and probably apparel to follow, why not at this point.

 

[friskykillface]

No snes Classic at toys r us now?

I've got gift cards at toys r us , should I waste them asap?

 

[shira]

My bet is that he/she is currently a US Government employee.

But that would mean. . .

 

[SatoAilDarko]

Really unfortunate. I've bought a lot of stuff from them. Can get the occasional clearance stuff as well.

This will hurt a lot more niche toy lines that wouldn't show up at Walmart or Target.

I really fear for World of Nintendo. Toys R Us gave them a full section in the games department.

 

[TyrantII]

I heard this has to do with Bain Capital pulling profit out of the company, and not underperformance of the business. What a shame.

Not just profit but equity and debt as well.

They basically forced them to take out loans to pay Bain and Bains Investors, using Toys R Us and it's brands / properties as collateral.

 

[BriGuy]

I haven't been in a Toys R Us in more than a decade, but this is still sad. So many memories tied to that place. The shelves full of Boglins and My Pet Monster, Transformers and TMNT... and that glorious, glorious video game aisle with all the slips of paper to take up front. It was crushing finding the empty plastic sleeve of that game you were dying to get, but when it was there, oh boy. I hope I flash back to that in my senility so I can die with a smile on my face.

 

[TangoAlphaLima]

IMO, amazon should buy them for a song and a dance. The company represents such a large chunk of sales for the toy companies that it gives them a ton of leverage to command the space. It's the only showroom retailer left for the industry/specifically aimed at children and the stores are large enough to use as pick up sites/ship from store/event operations.

with grocery stores, book stores and probably apparel to follow, why not at this point.

10+ years ago Amazon handled all of Toys R Us' online presence, before TRU decided to handle it all themselves, to pretty mixed results.

 

[FStubbs]

I heard this has to do with Bain Capital pulling profit out of the company, and not underperformance of the business. What a shame.

Someone tell Mitt Romney to give them a break -_-

 

[Kthulhu]

I'm surprised Sears and Toys R Us have made it this long.

Sears actually announced recently that they're gonna start selling their appliances on Amazon.

 

[jstripes]

I've got gift cards at toys r us , should I waste them asap?

It's not a bad idea to use them. Gift cards are considered debt, and can be voided to free up money for higher priority debt.

 

[Ruruja]

I've never been to Toys 'R' Us but always wanted to when I was a kid, mainly due to this awesome advert: https://www.youtube.com/watch?v=5qpEVl-Q-Ks.

What a shame.

 

[Godzilla's Left Toe]

Well, this explains why they didn't do preorders

They didn't do preorders for the Switch they don't do video game preorders.

 

[TheOMan]

Does this include Babies R Us?

 

[Ernest]

"Millennials kill Toys R Us"

 

[Marty Chinn]

Does this include Babies R Us?

Ya, I'd imagine so.

 

[Falchion]

Crazy, really sucks for all those who could be losing jobs.

 

[Frozenprince]

Hopefully it's just restructuring and small liquidation and they don't go under.

Still go there a lot to pick up stuff for my son.

 

[Sai-kun]

damn wtf that's sad as heck

 

[Retro]

My fiancée just got a job there.

This has been a great week.

I mean, I dunno what you expected, but that was never gonna be a permanent position no matter what they say. At some point in Oct or Nov they'll have her sign a paper that waives her rights to full-time benefits even if she's working full-time hours (or get terminated if she doesn't), then shit-can her after New Years, maybe spring inventory at best.

 

[Saganator]

Sucks 😞. I remember when I was a kid, Toys R Us was *the* place to go for NES and SNES games. They had like an entire aisle.

 

[SSGMUN10000]

https://www.youtube.com/watch?v=VJJ-ZLdrTwY

I use to sing this as a kid.

 

[MechDX]

Does this include Babies R Us?

Wouldnt be shocked if it didnt. Isnt BRU profitable? The main reason they expanded in that sector?

 

[DorkLord54]

Dave Brandon takes another victim.

 

[Snaku]

I haven't been in a Toys R Us in more than a decade, but this is still sad. So many memories tied to that place. The shelves full of Boglins and My Pet Monster, Transformers and TMNT... and that glorious, glorious video game aisle with all the slips of paper to take up front. It was crushing finding the empty plastic sleeve of that game you were dying to get, but when it was there, oh boy. I hope I flash back to that in my senility so I can die with a smile on my face.

Hell yeah, each one of those paper slips was like a Wonka golden ticket.

 

[GKSilKamina]

Knowing how these things go, they'll probably file Chapter 11, limp along for a few years with fewer stores (and perhaps scaling back or eliminating the Babies R Us stuff), and eventually they'll still be forced to liquidate.

That'd do more harm than good. At the two TRU stores I worked at the baby stuff is what made up most of the sales outside of the holiday season.

 

[robotrock]

Wow, I was just there last week. Sorry it wasn't enough.

 

[Koomaster]

I don't wanna grow up... because if I did....

;___;

 

[Mollymauk]

I took a stroll to one last week, and it was in disarray. They had an iPad Air 2 listed for $499. That's like $170 more than msrp for the current gen iPad. It was a mess.

 

[Kensation]

I don't wanna grow up, cause if I did, I'd be involved in a crushing financial problems and go bankrupt. :-(

 

[The Sum of Zero]

This is fucking depressing.