Toys R Us has been struggling for quite some time and had file for bankruptcy protection. Toys R Us USA operations previously had plans to close 180 stores. In February, it had plans to close another 200 stores. (via Patch and Wall Street Journal)
Will Toys N Bricks shut down soon too? The transmission is weak. )':
Article Link: http://toysnbricks.com/toysrus-uk-shutt ... uk-stores/
There were some rumors circulating yesterday regarding Toys R Us USA having plans to completely shut down. The UK operations was shutting down for sure. However, it was not 100% confirmed yet so we did not post about it. It looks like now that it is true as confirmed by USAToday. Toys R Us USA has filed for liquidation after failing to find a deal to solve their debt that is in the billions. They have their biggest operations in the USA with UK probably in 2nd place. Yikes!
Unfortunately, that also means about 30 000 jobs would be lost. All 735 Toys R Us USA stores will start their closure. Last year's Christmas sale was a bust for Toys R Us. Q4 is one of their most crucial season during the holidays as that's where they make most of the profits. Many toy manufacturers rely on Toys R Us to showcase toys throughout the year as many other retailers only stock them up during the Christmas season.
This is a big blow to the toy industry and also LEGO fans. Toys R Us is one of the major destinations for LEGO purchases and its really sad that they are going away. It also looks like fewer and fewer kids are playing with toys these days as they all play on their iPhones. They also have one of the biggest selection of toys aside from LEGO Brand Retail stores.
We still remember the commercial and song where they have "I don't want to grow up, I'm at Toys R Us". This is really sad.
We're literally crying as we start listening to this song. We don't wanna see the sun set for Geoffrey the Giraffe. )':
Article Link: http://toysnbricks.com/the-end-of-toys- ... d-of-toys/
I'm going to miss them as I grew up going to TRU as a kid in the 80s.
For Canadians, Toys R Us stores will continue to remain open for business. They have 82 stores across Canada from Nanaimo, British Columbia all the way to Fredericton, New Brunswick. The Toys R Us Canadian business portfolio is profitable and can continue to operate without disruption. The parent company of Toys R Us in America is currently looking for someone to acquire the Canadian Toys R Us Canada portfolio. The Toys R Us operations in America will be closing down. All 740 stores will be liquidated. (via TheStar)
Article Link: http://toysnbricks.com/toys-r-us-canada ... -business/
And if TRU USA doesn't find someone to acquire TRU Canada's profile, then what happens?The parent company of Toys R Us in America is currently looking for someone to acquire the Canadian Toys R Us Canada portfolio.
Show below: LEGO City 7848 ToysRUs Delivery Truck & Store (2010 Exclusive Limited Edition)
Toys R Us is hoping that they are able to secure a buyer that will take up not only the Toys R Us Canada network of 82 stores, but also the top 200 performing stores in America. The whole process is being speeded up where the auction will be held on March 29 and the closing will occur at the latest by April 16. If all goes well, we may still have Toys R Us stores on both sides of the border.
Article Link: http://toysnbricks.com/toysrus-attempts ... us-stores/
The first Toys R Us store was opened in 1957 and then expanded quite rapidly using its toy supermarket formula by driving out smaller toy retailer competitors. It became the largest toy store chain in the world with offerings of toys year round and not just during Christmas time. However, they are no longer able to compete in the digital age with online shopping and mobile games. In addition, it had a high debt load which made it difficult for them to continue to improve and innovate its existing stores and its online website. Thanks to Fortune for the news.
Article Link: http://toysnbricks.com/founder-of-toys- ... way-at-94/
The ToysRUs USA online website is no longer taking any purchase orders. You can still view many products on their site though. Toys R Us brick and mortar stores are still open for business and are holding liquidation sales. Earlier last month on March 15, Toys R Us announced they are going shutting down all of its U.S. and Puerto Rico operations.
If you have Toys R Us gift cards, use them before April 21, 2018 as they will no longer be honored after this date. All U.S store locations are now having liquidation savings up to 30% off. Though, LEGO appears to be discounted at a much smaller rate. All sales are final. They are also currently hiring a lot of people to be staffed at their stores. These are temporary job openings. Additional Resource Info Links: Toys R Us Closing Sale | Toys R Us Liquidation FAQ
Toys R Us United Kingdom
The Toys R Us Great Britain and Northern Ireland (UK) online website is also no longer taking any transactional purchases. Store savings are now up to 50% off (construction toys are currently 15% off). Gift cards are no longer honored. All sales are final.
Article Link: http://toysnbricks.com/toysrus-usa-onli ... -business/
Who would work for TRU? There is a good chance they will mess up your pay and then you are out of luck. They still owe me $18 from when I worked there years ago and they did some crazy math.
But my favorite is they posted a job opening for the BRU near me last Friday, they closed on Saturday.
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