Connect
To Top

Say Goodbye To Toys R Us

Toys R Us could be closing its doors as soon as next week.

We have heard the rumor for months now that the company was in financial trouble.

Now in the bankruptcy process, the store will be closing.

Employees have been told that store will be closing in the US or they will be sold.  This also includes closing all United Kingdom stores.

Now Toys R Us hasn’t publicly announced this, it is unclear actually how long before the shutting down process starts.

It will be sad to see it go, Toys R Us has been around since 1948 and was the go-to place for kids who were looking for that magical toy.

The Pokemon craze in 1999 was one of them.  Customers were allowed to download special Pokemon to their game.

But competition from companies like Walmart and Amazon started kicking up, the pressure was on and has proved to be too great for them.

This wasn’t the only problem the company had, its doom was made worse by the $5 billion in debt they shouldered as part of the 2015 takeover by Bain Capital, KKR and Vornado Realty Trust.  The interest on the debt was just too great.

Toys R Us owes millions also to its manufactures, its inability to streamline and modernize led it to fall.

It’s expected the official announcement will come very shortly.

More in Strategy

  • Free Market Capitalism

    It’s working. Ending the long-running argument – but fear only the ignorant. Politicians often resort to name calling rather than educating people...

    Sonia LandryFebruary 14, 2019
  • Smart Capitalism for a Better World

    What happened to our economy? There is a growing gap from the middle class to the rich. The growing income inequality...

    Sonia LandryFebruary 11, 2019
  • Better Workers Through Conscious Capitalism

    Conscious capitalism is often seen as a differentiator that may help businesses stand out in a crowded marketplace. And there’s solid...

    Ron Davies - EditorJanuary 28, 2019
  • Old GM Plants May Be Taken Over By Tesla

    General Motors plans to shut down five North American factories; four are in the United States.  Tesla has just announced it...

    Sonia LandryDecember 21, 2018
  • Bali Girls Take Eco Action

    Even at 10 or 12 years old, you can still make a difference. In their home a Bali, in 2013 when...

    Sonia LandryDecember 17, 2018