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posted by Fnord666 on Tuesday September 19 2017, @08:58PM   Printer-friendly
from the bankruptcy-r-us dept.

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'?


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  • (Score: 1) by Paradise Pete on Wednesday September 20 2017, @11:40AM (1 child)

    by Paradise Pete (1806) on Wednesday September 20 2017, @11:40AM (#570584)

    Was that site designed in 1993? I think I saw it on Mirsky's Worst of the Web.

  • (Score: 2) by RS3 on Wednesday September 20 2017, @03:56PM

    by RS3 (6367) on Wednesday September 20 2017, @03:56PM (#570657)

    Being that the web was born in 1994, I don't think it could have been. But I get your sarcasm.

    Everyone's entitled to their opinions. I personally greatly prefer sites of that design, and hate hate hate much of the newest website design styles. I don't use the web for the fun of the ride or the artistry of the designer. I'm trying to do something, or get some information. I need it to be simple, clean, clear, functional, etc.

    Case in point: I needed to log in to paypal yesterday and I had much difficulty figuring out where things are now, what is a clickable link, what is a dropbox, etc. It's a flat, functionally mushy, tiled mess. I don't have all day to keep clicking to try to find some simple thing that used to be obvious. I hate it so much I may close my paypal account.

    There's an age-old battle between form, fit, and function. I have a strong artistic side and love art, but not when it gets in the way of function, especially when function is the main point of the thing in life.

    Sorry- way off topic! Yes, Toys Я Us. Sad, very sad. Was great, great for America, great for China. But they Яested on laurels. Not good. Laurels die when flattened, sunlight blocked, soil compressed, not enough water. Market saturated, people tire of cheap junk, people were going to Walmart anyway, why make 2nd trip to Toys Я Us? If buying cheap junk, who cares to see it up close? Better not to see it, just buy from pretty online pictures. A few will return things; most will just say "oh well" and move on to the next thing.