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56 replies to this topic | 335 praises

#1

Posted 20 September 2017 - 12:01 AM

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Oh no. Hope the stores in Singapore will remain open for years.

 

I think Toy R Us gave us many memories in our childhood and now to parents as new found memories.

 

It's a pity if it shuts down.

 

Toys 'R' Us Files For Bankruptcy, But Will Keep Stores Open

https://www.forbes.c...y/#4062f746574a

 

Toys 'R' Us, the children's toy store struggling from a massive amount of debt and fierce online competition, has filed for bankruptcy.

The retailer sought Chapter 11 bankruptcy protection late Monday evening in federal court, seeking a way out of the $5 billion in debt it has racked up. It said it would keep its 1,600 Toys 'R' Us and Babies 'R' Us stores open as normal heading into the busy holiday season.

Toys 'R' Us has been crippled by debt since it was acquired by private equity firms KKR and Bain Capital, plus real estate company Vornado Realty Trust, in a $6.6 billion leveraged buyout in 2005. It had started the process of going public in 2010, but ultimately pulled the filing, citing "unfavorable market conditions."

The company described the bankruptcy as a way to work with its creditors to get back on solid financial footing and invest in long-term growth in a difficult retail environment.

"Today marks the dawn of a new era at Toys"R"Us where we expect that the financial constraints that have held us back will be addressed in a lasting and effective way," said CEO Dave Brandon in a statement.

960x0.jpg?fit=scale

 

The company has received more than $3 billion in debtor-in-possession financing from J.P.Morgan Chase and other lenders, which will help it sustain operations during the bankruptcy process.

Toys 'R' Us, which began as a single store for baby carriages and cribs in Washington, D.C. in 1948, quickly became a favorite destination for children's toys. In recent years, the big-box retailer snatched up competitors like FAO Schwarz and KB Toys, pursued international expansion and slashed prices in an effort to continue attracting shoppers to its colorful aisles.

 

However, sales have slipped in the face of competition from giants like Amazon and Wal-Mart. In its latest quarter, same-store sales fell by 4.1%, helping the retailer to post losses of $164 million.

While Toys 'R' Us said the "vast majority" of its stores are profitable, it will likely be reevaluating at its physical footprint during the bankruptcy process.

Toys 'R' Us joins a parade of other retailers that have sought bankruptcy protection this year, including shoe store Payless and children's clothing retailer Gymboree. Many other retailers have aggressively closed stores and laid off employees, instead shifting resources to online capabilities.

7438786072_1c11e30a47_z.jpg


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#2

Posted 20 September 2017 - 02:57 AM

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My childhood days, I dare not walk into toys r us
No money
Emporium also don't dare to see the toys liao
My kids different they get the toys that I never had
Sometimes I wonder whether I should get myself a toy
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#3

Posted 20 September 2017 - 06:47 AM

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My childhood days, I dare not walk into toys r us
No money
Emporium also don't dare to see the toys liao
My kids different they get the toys that I never had
Sometimes I wonder whether I should get myself a toy

its ok lah ... i used to just go inside(parkway branch) and walk around and get some aircon at the same time ... but always left empty handed.

 

but anyway, like most business, the asian side claim that they are independent from the US problems so they won't be affected ... but does not really matter right, since not much ppl buy from shops nowadays anymore.


Edited by Ysc3, 20 September 2017 - 06:49 AM.

Mustank praised this

#4

Posted 20 September 2017 - 07:17 AM

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My childhood days, I dare not walk into toys r us
No money
Emporium also don't dare to see the toys liao
My kids different they get the toys that I never had
Sometimes I wonder whether I should get myself a toy

 

You should ...... :yuush:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Full size rubber dolls from Japan ... :secret-laugh:


"Genius is One Per Cent INSPIRATION, Ninety-nine Per Cent PERSPIRATION"


#5

Posted 20 September 2017 - 07:58 AM

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You should ...... :yuush:



























Full size rubber dolls from Japan ... :secret-laugh:

I think play with myself cheaper better faster :XD:

#6

Posted 20 September 2017 - 08:07 AM

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I think play with myself cheaper better faster :XD:

 

Feeling not there .... :secret-laugh:


Mustank praised this

"Genius is One Per Cent INSPIRATION, Ninety-nine Per Cent PERSPIRATION"


#7

Posted 20 September 2017 - 08:10 AM

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if no one came to the rescue, even Toys R Us sinapore will be closed eventually.
骑白马的不一定是王子,可能是唐僧;带翅膀的也不一定是天使,有时候是鸟人。

#8

Posted 20 September 2017 - 08:21 AM

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My childhood days, I dare not walk into toys r us
No money
Emporium also don't dare to see the toys liao
My kids different they get the toys that I never had
Sometimes I wonder whether I should get myself a toy

 

How true. I have to save up pocket money to buy and treasure each one. So different from now.

 

When my kids ask me to buy toys for them I tell them go work at McD and buy their own. They go to their mummy instead and not annoy me again. LoL...


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The chosen one will bring balance to the Force...I mean Singapore. Even star wars do not reserve "the chosen one" to a sith lord or a jedi or a wookie.

#9

Posted 20 September 2017 - 08:21 AM

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As a child I have never walked into a toys r us store. Kids from poor family make their own toys like paper planes. [laugh]
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#10

Posted 20 September 2017 - 08:25 AM

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As a child I have never walked into a toys r us store. Kids from poor family make their own toys like paper planes. [laugh]

 

or catch spiders....   some extreme cases go f**k spiders...   [:p]


How true. I have to save up pocket money to buy and treasure each one. So different from now.

 

When my kids ask me to buy toys for them I tell them go work at McD and buy their own. They go to their mummy instead and not annoy me again. LoL...

 

....  either your kids are still in love with toys in their teenage years... or you are a cruel father...  [rolleyes]


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Respect is earned.. does not come with your god damn title..

#11

Posted 20 September 2017 - 08:26 AM

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if no one came to the rescue, even Toys R Us sinapore will be closed eventually.

 

Toys don't fly off the shelf like some smartphones. They stay on the shelf much longer. Those expensive ones are even worse. Lelong sale also don't see a lot of savings. Loose money wan. That's why you see some companies don't sell toys (eg. Tangs) . But Tangs now is starting to sell toys, dunno why. Must be targeting families to shop there.


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The chosen one will bring balance to the Force...I mean Singapore. Even star wars do not reserve "the chosen one" to a sith lord or a jedi or a wookie.

#12

Posted 20 September 2017 - 08:32 AM

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How true. I have to save up pocket money to buy and treasure each one. So different from now.

When my kids ask me to buy toys for them I tell them go work at McD and buy their own. They go to their mummy instead and not annoy me again. LoL...

Yeah man
Totally agree
I gave my kids the childhood fantasys I didn't have

#13

Posted 20 September 2017 - 08:33 AM

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or catch spiders....   some extreme cases go f**k spiders...   [:p]


 

....  either your kids are still in love with toys in their teenage years... or you are a cruel father...  [rolleyes]

 

Sometimes we parents unconsciously play "good cop, bad cop" on certain situations. We say things so that kids understand it's not easy to earn a buck. If we give in too easily we end up throwing away money on toys that honestly only get the kid's attention not for long. They won't treasure what they have when they can get it easily. Cruel you say? I highly doubt it. We want the best for our children but toys are not one of them.


The chosen one will bring balance to the Force...I mean Singapore. Even star wars do not reserve "the chosen one" to a sith lord or a jedi or a wookie.

#14

Posted 20 September 2017 - 08:35 AM

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if no one came to the rescue, even Toys R Us sinapore will be closed eventually.

Yeah man
The key competitor is iPad
Once a kid reaches a certain age, these games will be more fun than transformers, rc toys, lego
Toys will become paper aeroplane of the future

#15

Posted 20 September 2017 - 08:35 AM

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or catch spiders.... some extreme cases go f**k spiders... [:p]


.... either your kids are still in love with toys in their teenage years... or you are a cruel father... [rolleyes]


Yes. Last time as kids we go fly kites.....sometimes I wonder how my boss knows. He still encourages me to do that 👀
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#16

Posted 20 September 2017 - 08:37 AM

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Sometimes we parents unconsciously play "good cop, bad cop" on certain situations. We say things so that kids understand it's not easy to earn a buck. If we give in too easily we end up throwing away money on toys that honestly only get the kid's attention not for long. They won't treasure what they have when they can get it easily. Cruel you say? I highly doubt it. We want the best for our children but toys are not one of them.

 

nono... u dont get what im saying...  

 

to work at McD min age is 16....   if u telll them to work there... means.. they hit minimum age... means they are most likely too old for toys! 

 

if they like toys.. then .. its likely they have not hit the min age.. for which.. you are cruel to suggest child labour!!!


Respect is earned.. does not come with your god damn title..

#17

Posted 20 September 2017 - 08:37 AM

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Now that my kids is coming of age, I intro him some fun stuff like books, photography, tamiya
Good thing that classic books these days are damn cheap (thanks to lala's lobang!)

#18

Posted 20 September 2017 - 08:39 AM

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Yes. Last time as kids we go fly kites.....sometimes I wonder how my boss knows. He still encourages me to do that 👀

 

reminded me of the nicks i get from coating my string with glass....   [lipsrsealed]  [thumbsup]


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#19

Posted 20 September 2017 - 08:40 AM

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While Toys 'R' Us said the "vast majority" of its stores are profitable

 

if this is true , how did they go bankrupt....


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#20

Posted 20 September 2017 - 08:41 AM

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While Toys 'R' Us said the "vast majority" of its stores are profitable

if this is true , how did they go bankrupt....

Hard lah hard lah


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