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originally posted by: venom79x
Ok, so many of us in the toy collecting world have known about the 184 TRU store closings for a while now, but this is new. One of the options that is on the table now, is that Toys R Us is now considering closing all of their stores in the United States. I know that they are guilty of inflated pricing. I know that you can find things cheaper online through Amazon or Ebay. I get that... How many of us have memories of walking around the store as a child, our interests absolutely piqued by what we saw? I remember full aisles of GI Joe and Transformers. These days, 75% of the toys are dumb as hell, but still. Those of us that who collect things like Transformers, GI Joe (which has barely released anything in a few years), or Hot Wheels, are pretty much screwed. We will now have to rely on Target (not bad) and WalMart (meh) for finding our collectibles. Makes me think of the days when K-B Toys was in every mall in the country, and then suddenly disappeared. The following link tells what is going on, and also contains a more in-depth link as well. www.seibertron.com... Bankruptcy, liquidation of assets... Bad times for those of us who still love this store, and the many good things that it has brought us over the years.
originally posted by: terrapincb
Toys has been in trouble thanks to your favorite, and my favorite, vulture capitalists, Bain Capital.
"So how did Toys ‘R’ Us get here? While Amazon is an easy scapegoat, it’s not all about the rise of e-commerce.
It started in 2005, long before e-commerce started pinching profits of brick and mortar stores. That year, Bain Capital, KKR & Co., and real estate investment trust Vornado Realty Trust bought the toy chain in a $6.6 billion leverage buyout.
The deal left Toys ‘R’ Us with a $5.2 billion albatross of debt around its neck. The interest payments—$400 million a year—left the company weak and ripe for toppling."
originally posted by: Britguy
Given the amount of large retail chain stores closing down over the last couple of years, is this possibly an indicator of the public tightening belts and not spending, rather than an online shopping issue?
Wages stagnant, taxed to the hilt on everything, rising costs of everything, that’s all going to bite at some point and I think we are already seeing the consequences.