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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 LoRdTAW on Wednesday September 20 2017, @12:12PM (2 children)
As much as I loved going there as a kid, you reap what you sew. There used to be plenty of local toy stores until toys r us came around. Many of them went out of business by the 90's because toys r us was bigger, cheaper, carried more variety, and could more easily handle holiday rushes for the popular toys. They couldn't compete unless they knew what they were doing like specializing in action figures, collectables, or video games. That or they sold mostly chinese import crap but those were found in poorer areas. Now the tables have turned and toys r us can't compete with online retailers. That's progress I suppose.
One thing that I fondly remember: going to Toys R Us to buy a video games in the late 80's. They would have a big wall instead of shelves with all of the game box covers on display. Under each box was a vinyl pocket with a paper ticket on it with the name of the game, barcode and some other info. You took the slip to the register, paid, got the ticket stamped and then you went to a pickup window behind the registers where you got your game. As a kid it was magical to walk down that aisle full of brightly colored video games box covers plastered along that wall. Another fun thing was looking at the other systems and games for them wondering how much better it might be than your Nintendo.
(Score: 3, Funny) by JoeMerchant on Wednesday September 20 2017, @06:58PM (1 child)
You reap what you sow.
You rip what you sew.
🌻🌻 [google.com]
(Score: 3, Touché) by LoRdTAW on Wednesday September 20 2017, @11:34PM
Jawohl herr Grammatikführer!