Toys 'R' Us has filed for bankruptcy protection in the US and Canada as it attempts to restructure its debts.
The firm was once a dominant player in the US toy market, but has struggled against larger rivals such as Amazon.
The move casts a shadow over the future of the company's nearly 1,600 stores and 64,000 employees.
The firm's European operations are not part of the bankruptcy proceedings and Toys R Us says it does not expect any immediate impact on its UK stores.
Toys R Us's operations in Australia, about 255 licensed stores and a joint venture partnership in Asia are also not included in the bankruptcy move.
[...] The bankruptcy filing is more evidence that traditional retailers are struggling in the US, as online retailers continue to capture market share.
Amazon marches on, or we're just at 'Peak Toy'?
(Score: 2) by Snow on Tuesday September 19 2017, @09:29PM (2 children)
A VR app is actually a pretty good idea.
(Score: 3, Touché) by takyon on Tuesday September 19 2017, @09:33PM (1 child)
But unless the app lets you drop the virtual toy and watch it break into a million sharp plastic shards, it doesn't address bob_super's concerns about flimsy toys.
[SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]
(Score: 2) by c0lo on Tuesday September 19 2017, @11:29PM
If it gets the backing of major VC players, who gives a dam'?! Consumers gonna consume anyway.
Showing the toys are virtually** indestructible will be even an advantage for the manufacturers/sellers! Just imagine them bidding for an ad placement, don't you salivate at the idea how high the bid can go?
(large grin)
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** ᴛᴇʀᴍs ᴀɴᴅ ᴄᴏɴᴅɪᴛɪᴏɴs ᴏɴ ᴛʜᴇ ᴍᴇᴀɴɪɴɢ ᴏғ ᴛʜᴇ ᴛᴇʀᴍs ᴍᴀʏ ᴀᴘᴘʟʏ
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford