Article

2017-09-19 Economy

With $400. million in red ink, Toys R-Us could soon be history

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Posted by Besoeker 2017-09-19 00:00|| || Front Page|| [5 views ] Top

#1 ...Toys R Us was unpleasantly overpriced forty years ago, and it hasn't gotten any better - I've been in once in the last twenty years, to pick up a gift for my grandson which we ordered online for pickup.

And they screwed it up.

I can get the same stuff from Amazon 20% (or better) cheaper and not have to deal with deranged crowds and dead-souled employees.

Mike

Posted by Mike Kozlowski 2017-09-19 04:55|| 2017-09-19 04:55|| Front Page Top

#2 tough retail space

Juvenile Sales went under in the early 90s.

people used to park their kids there for an hour while doing a medical appt or something and then not buy anything when they picked the kid up

Posted by lord garth 2017-09-19 12:30|| 2017-09-19 12:30|| Front Page Top

#3 Looks like the Toys R Us kids finally grew up.

Posted by Deacon Blues 2017-09-19 12:54|| 2017-09-19 12:54|| Front Page Top

#4 It's profitable before interest payments, so it will survive. The equity owners and unsecured debt holders will probably need to take a haircut. The LBO simply piled on too much debt based on record low interest rates. The LBO investors got way too greedy. They should have completed a stock offering to lighten the debt load. Now they'll have to deal with an involuntary restructuring, because panicky vendors cut off their air supply. This isn't an Amazon problem - it's a private equity LBO problem triggered by over-optimistic spreadsheet jockey assumptions, probably dictated by senior partners at the private equity firms involved.

Posted by Zhang Fei 2017-09-19 16:01|| 2017-09-19 16:01|| Front Page Top

#5 There's another notch in the old Chinese belt.

Posted by Skidmark 2017-09-19 16:36|| 2017-09-19 16:36|| Front Page Top

#6 ...too late to cancel those Xmas toy orders from the mainland?

Posted by P2Kontheroad 2017-09-19 17:54|| 2017-09-19 17:54|| Front Page Top

#7 My friend from the UK calls their merchandise Chinese Landfill $h!t.

Posted by Alaska Paul 2017-09-19 17:58|| 2017-09-19 17:58|| Front Page Top

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