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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: 1, Troll) by VLM on Wednesday September 20 2017, @01:09PM (1 child)
Income inequality: You don't need middle class shopping facilities if your political goal is the destruction of the middle class. You need a way for 1%ers to obtain kids toys for the nanny to keep them busy, and there's 3rd world grinding poverty where the kids aren't going to get chinese plastic crap because they're not even getting hot meals without the school lunch program. The purpose of our economy for decades has been to eliminate anyone in between, so any facility or organization that relies on that genocided group is going away. Where are the kids of the wealthy factory workers and middle managers going to shop? No problem, they don't exist anymore.
The demographic replacement issue is euros are into toy stores and hipster crap but 50% of kids are immigrants, don't speak English, only shop at Walmart, etc. I mean, you don't see toys r us booming in the jungles of the Yucatan, so you intentionally replace the white anglo locals with immigrants, the immigrants simply don't need white people stores. You can thank hipster chicks living in trendy urban condos with their fifty cats for the gradual elimination of whiteness from the USA. No white babies means no more "white kid stores".
(Score: 2) by JoeMerchant on Wednesday September 20 2017, @07:19PM
I think there's got to be some insidious middle at work in the last several decades. I've seen too many middle class bedrooms packed floor to ceiling with plastic Chinese crap - it's like the "voluntary tax on those who can't do math" that is the lottery, Toys'R'Us et.al. was a voluntary donation of disposable income in exchange for mostly worthless brightly colored petroleum byproducts.
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