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(yahoonews.com)-Toys ‘R’ Us could go bankrupt within weeks as it struggles with billions of dollars of debt and mounting pressure from suppliers, The Wall Street Journal reported.
The global toy retailer, which has more than 1,600 outlets is considering filing for Chapter 11 bankruptcy protection in the US before Christmas. Chapter 11 can allow companies to stay operational as they reorganise and pay their creditors.
originally posted by: Black_Fox
(yahoonews.com)-Toys ‘R’ Us could go bankrupt within weeks as it struggles with billions of dollars of debt and mounting pressure from suppliers, The Wall Street Journal reported.
The global toy retailer, which has more than 1,600 outlets is considering filing for Chapter 11 bankruptcy protection in the US before Christmas. Chapter 11 can allow companies to stay operational as they reorganise and pay their creditors.
www.yahoo.com...
I assume this is the beginning of the end on Toys R Us.
Which is sad in a way, I remember shopping there as a kid.
Like many brick and mortar stores, they are possibly going to go the way ok Kmart, Radio Shack, and Sears.
Though, a few of the above mentioned stores are still around, it's seemingly only a matter of time before they are a memory.
Another victim to online shopping (damn you Amazon!)
Till then I will always have this.
originally posted by: lordcomac
"toys r us"
yes, yes we are.
Curse you, Illuminati!
But, yes- A lot of it is amazon/ebay, but a lot of it is also walmart. Walmart probably sells the same junk for the same price, in a store where the trashy customers are already visiting.
Why make a trip to a whole extra store to buy the same exact junk?
We see the path of monopolistic markets, we know it's terrible, but we do nothing to stop it.
Welcome to costco, I love you
(aka, Buy'n'Large)
originally posted by: Sillyolme
Online is not going to replace "I want it now" or even "I want to see and touch it before I buy it".
I will shop online see who has what I want and check prices then go to the store most of the time not the other way around. I bet a lot of people do.
Online adds shipping charges. Now a retailer may be higher priced in a store than an online seller but when you add shipping most of the time it's not and you don't have to wait for the FedEx guy.
I do buy things online too but usually it's things I can't buy locally or things that are only available online like some makeup brands.