Toys R Us Bankruptcy

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maydijo
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Re: Toys R Us Bankruptcy

#26

Post by maydijo » Sun Apr 15, 2018 7:22 pm

RTH10260 wrote:
Sun Apr 15, 2018 5:58 pm
Tiredretiredlawyer wrote:
Sun Apr 15, 2018 12:09 pm
1. Australia doesn't exist.
2. Maydijo lives in Australia.
3. Maydijo doesn't exist.

OMG!!!!! Maydijo is a BOT!!!!!!! NOT that there's anything WRONG with that.
But Russian? We need more long form birth certificates ;)
Birth certificates? I scoff at birth certificates. I emerged fully-formed from Putin's mighty groin.



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Sam the Centipede
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Re: Toys R Us Bankruptcy

#27

Post by Sam the Centipede » Sun Apr 15, 2018 8:15 pm

maydijo wrote:
Sun Apr 15, 2018 7:22 pm
RTH10260 wrote:
Sun Apr 15, 2018 5:58 pm
Tiredretiredlawyer wrote:
Sun Apr 15, 2018 12:09 pm
1. Australia doesn't exist.
2. Maydijo lives in Australia.
3. Maydijo doesn't exist.

OMG!!!!! Maydijo is a BOT!!!!!!! NOT that there's anything WRONG with that.
But Russian? We need more long form birth certificates ;)
Birth certificates? I scoff at birth certificates. I emerged fully-formed from Putin's mighty groin.
... and then spent the first year of your life in his pouch as a maydi-joey.



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HilltownGrrl
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Re: Toys R Us Bankruptcy

#28

Post by HilltownGrrl » Sun Apr 15, 2018 8:39 pm

tek wrote:
Sun Apr 15, 2018 4:21 pm
nowadays when I need to buy a toy, I go to a place like https://a2zscience.com/

I don't know how much longer places like that will still be around :(
This is the same place I thought of when people asked where to buy toys. Gee, we might almost live in the same area or something. :lol:

As for how crappy toys (& everything else) is/are now - I much prefer to shop at smaller, better stores when I can (like A2Z) & thrift shops when they don't. We have, as a society, gotten so obsessed with getting a great deal that we've lost track of also getting something of quality. We don't have much money but I'd rather spend a bit more if it means I get a better product. Now get offa my lawn :geezerette:


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HilltownGrrl
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Re: Toys R Us Bankruptcy

#29

Post by HilltownGrrl » Sun Apr 15, 2018 8:44 pm

maydijo wrote:
Sun Apr 15, 2018 5:54 pm
My kids have never wanted the hot toy. I think it's because here in Rustralia we have the ABC channels which have ad-free kid's TV shows. My kids hate watching the other kid channels, the ads drive them nuts!
:rotflmao: :rotflmao:


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maydijo
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Re: Toys R Us Bankruptcy

#30

Post by maydijo » Mon Apr 16, 2018 5:48 am

Sam the Centipede wrote:
Sun Apr 15, 2018 8:15 pm
maydijo wrote:
Sun Apr 15, 2018 7:22 pm
RTH10260 wrote:
Sun Apr 15, 2018 5:58 pm


But Russian? We need more long form birth certificates ;)
Birth certificates? I scoff at birth certificates. I emerged fully-formed from Putin's mighty groin.
... and then spent the first year of your life in his pouch as a maydi-joey.
You don't have the security clearance to talk about Putin's sacred pouch.



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Tiredretiredlawyer
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Re: Toys R Us Bankruptcy

#31

Post by Tiredretiredlawyer » Mon Apr 16, 2018 9:17 am

:rotflmao: I love Fogbow! :dance:


"The people must know before they can act, and there is no educator to compare with the press." - Ida B. Wells-Barnett, journalist, newspaper editor, suffragist, feminist and founder with others of NAACP.

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Sam the Centipede
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Re: Toys R Us Bankruptcy

#32

Post by Sam the Centipede » Mon Apr 16, 2018 4:35 pm

Tiredretiredlawyer wrote:
Mon Apr 16, 2018 9:17 am
:rotflmao: I love Fogbow! :dance:
If Russian marsupial bankrupt* toy retailer jests are your specialist interest, this is the place!

* as Maydi pointed out, bankrupt in the Podes but not in the Antipodes



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Notorial Dissent
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Re: Toys R Us Bankruptcy

#33

Post by Notorial Dissent » Wed Apr 18, 2018 12:34 pm

It looks like the first iteration of the buy out is DOA. The company rejected the $890M offer.


The fact that you sincerely and wholeheartedly believe that the “Law of Gravity” is unconstitutional and a violation of your sovereign rights, does not absolve you of adherence to it.

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Sam the Centipede
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Re: Toys R Us Bankruptcy

#34

Post by Sam the Centipede » Thu Apr 19, 2018 1:09 am

Notorial Dissent wrote:
Wed Apr 18, 2018 12:34 pm
It looks like the first iteration of the buy out is DOA. The company rejected the $890M offer.
;) "No sir, you cannot purchase the company using Monopoly money." ;)



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Lani
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Re: Toys R Us Bankruptcy

#35

Post by Lani » Thu Apr 19, 2018 3:32 am

I realize that we are in a major transition. The old way of commerce is collapsing, but something more is happening. Shopping in brick and mortar stores represented more than just purchasing things we needed or wanted. They were part of a community. People experiencing sorrow about ToysRUs enjoyed being in an event, a connection with others. It was a pleasure to go there with the kids and explore, play with toys, connect with other children and parents. You don't get that with ordering on line.

I'm in an isolated place. I choose it, and I love it. Community is everything. We gathered at Borders. But now it's gone. We gathered at our tiny mall for community events that we loved, but now it's 40% empty. Everything is disappearing, and it's scary. We're looking at converting the failing mall into a mix of shops and apartments because there is no affordable housing on our island. We're not West Virginia, but damn close as we see everything we loved about our community and hoped for our kids disappear.


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Chilidog
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Re: Toys R Us Bankruptcy

#36

Post by Chilidog » Thu Apr 19, 2018 3:40 am

You* gathered at the community mall, but didn't buy anything.

*not you specifically, but people in general.

As I pointed out in the other thread, my wife used to work for Carsons selling shoes.

One of her biggest complaints was people who came in, asked to try on shoes but didn't buy anything and never had any intention of buying anything.

The sales people got really good at spotting those, but they had little choice and had to serve them anyway.

-her other big complaint was that Carsons liberal return policy was abused too often by the customers. Since the store clawed back sales commissions if the item was returned, this was an issue she particularly hated.



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Lani
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Re: Toys R Us Bankruptcy

#37

Post by Lani » Thu Apr 19, 2018 4:01 am

No, you're wrong. We bought lunch during the day. We bought dinner while watching the evening events. We bought books at Borders when the new releases happened. Harry Potter events were HUGE. And you couldn't find a parking place during a big Macy sale. We showed up at 4 am for those teaser black Friday events just to join in the fun. Our mall was a focal point of our community. And now it's dying.


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Chilidog
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Re: Toys R Us Bankruptcy

#38

Post by Chilidog » Thu Apr 19, 2018 4:11 am

Don't get me started on how much my wife HATED black Friday.



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Lani
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Re: Toys R Us Bankruptcy

#39

Post by Lani » Thu Apr 19, 2018 4:21 am

Lol, like I said, I'm in a remote place. Black Friday was a fun thing. We didn't break down doors. We gathered and drank coffee while kids played. It was silly and we had a good time.


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RTH10260
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Re: Toys R Us Bankruptcy

#40

Post by RTH10260 » Fri Apr 27, 2018 5:34 pm

How Wall Street Bought Toys ‘R’ Us And Left 30,000 People Without Jobs
The toy company's bankruptcy left 30,000 people without jobs — or severance. As Wall Street deals to buy rusty retail companies collapse, minimum-wage workers stand to lose the most.

Posted on April 27, 2018, at 2:31 p.m.
Leticia Miranda

When the last Toys ‘R’ Us store closes its doors once and for all, the company's top executives will have pocketed some $8.2 million in retention bonuses for sticking around long enough to liquidate the company. Wall Street firms that loaded Toys ‘R’ Us with debt when they bought it in 2005 will have collected millions in fees from the company, even if they ultimately lost the majority of their investment. And employees like Ann Marie Reinhart, who worked as a supervisor at Toys ‘R’ Us for 29 years, will walk away with nothing.

Reinhart, 58, was a full-time supervisor at a Toys ‘R’ Us store in Durham, North Carolina, until she was laid off when her store closed in early April. Because Toys ‘R’ Us didn’t give her or her coworkers any severance, Reinhart is looking for a job and getting by on the wages her husband earns delivering auto parts.

“We can’t survive on his salary very long,” she said. “We’ve already dipped into our savings to pay bills.”

Reinhart is among the chain’s 30,000 employees who found out they would be laid off without severance when Toys ‘R’ Us announced it would close 735 stores in the US after failing to recover from bankruptcy. The company told workers in a March letter reviewed by BuzzFeed News that it has no money to pay severance — but even if it did have the cash, federal labor law doesn’t obligate it to do so.

Toys ‘R’ Us’s epic collapse illuminates Wall Street’s role in the retail apocalypse that has prompted a string of bankruptcies at private equity–backed retail companies, from Nine West, bought by Sycamore Partners in 2014, to Claire’s, bought by Apollo Management in 2007. Thirty-three percent of retail job losses from 2016 through 2017 resulted from private equity–backed store closures, according to a report from Inflection Capital Management, an equity management consulting firm. As the retail industry confronts the rise of e-commerce and rapidly changing consumer behaviors, many companies that took on debt in private equity buyouts to acquire cash are folding.


https://www.buzzfeed.com/leticiamiranda ... 000-people



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