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NEWS: Toys R Us Lenders Launch New Venture to Revive Brand


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Lady Multi



Joined: 11 Dec 2004
Posts: 675
PostPosted: Sat Oct 13, 2018 1:05 am Reply with quote
Ahh, so they did keep the tax-evasion Giraffe. I was wondering if they sold off that entity, too. Now it's clear that the little PO Box became a company of its own (all grown up). That's quite ironic.

Seriously tho, what exactly will they change from the business model...? It's clear that many stores are struggling because of such an online shopping presence, what do they think they can do different now that they weren't already doing?

Curious...
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Redbeard 101
Oscar the Grouch
Forums Superstar


Joined: 14 Aug 2006
Posts: 16939
PostPosted: Sat Oct 13, 2018 10:05 am Reply with quote
CandisWhite wrote:


The head of Canadian TRU fought hard to keep the store up here from being sucked down the drain with the US and she won; A Canadian company now owns TRU Can and the store is free to continue in their own way of doing things. I've heard a lot of negative things about TRU ( too expensive, dirty) and I can only assume that this is the American experience because the stores I know are just fine, as far as toys, no different a shopping experience than a Wal-Mart or a Canadian Tire.


I can safely say my local TRU was quite outdated. They tried to keep the place clean and up to date but the building was old. The company never put any money into giving it a facelift and renovating it. It wasn't dirty as so much as it was just old and worn. This is just my own store mind you. I'd go with my gf to get toys and gifts for her nephew and niece when they were younger. The store had not changed much since when I was a kid going there 20+ years ago. Sure they might have changed the layout of the isles and shelves but it was the same building and nothing done to spruce it up beyond mild cosmetic changes the staff did. I can only assume other store feel prey to this same problem.

I would easily believe though that many were dirty.
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Compelled to Reply



Joined: 14 Jan 2017
Posts: 358
PostPosted: Mon Oct 15, 2018 4:20 pm Reply with quote
CandisWhite wrote:
If anyone wishes to have the classic Toys R Us experience, and feel good about it, I suggest they book a ticket to Canada.

-Full size stores

-Full employment (Canada only declared bankruptcy because they were forced to by the creditor they shared with the States' division; TRU is behind only Wal-Mart in toy sales up here.)

- Now 100% independent of the US brand (and, ergo, no longer have to send a % of their income into that black hole) and looking to renovate & invest in their own stores.

The head of Canadian TRU fought hard to keep the store up here from being sucked down the drain with the US and she won; A Canadian company now owns TRU Can and the store is free to continue in their own way of doing things. I've heard a lot of negative things about TRU ( too expensive, dirty) and I can only assume that this is the American experience because the stores I know are just fine, as far as toys, no different a shopping experience than a Wal-Mart or a Canadian Tire.

I'm interested in what the reaction of toy companies is going to be to this Toy Box. TRU US: "Sooo, we kinda screwed you over beforehand...Can we order more toys?" I got a laugh out of the lighthearted shade thrown by the Canadian president when she was asked about her company's relationship with toy manufacturers and she smiled as she said "It's great; they're very supportive of the Canadian work. They're owed no money by us."

If the US company can prove a phoenix with Toy Box and jettison the garbage done prior, more power to them. And, God, do I hope that they FINALLY give their former employees the money those people deserve.

Japan actually has Toys“R”Us from a grandfathered licencing deal, if you want to buy Gundam action figures to your heart's content.
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HK16



Joined: 31 May 2018
Posts: 496
PostPosted: Mon Oct 15, 2018 11:17 pm Reply with quote
Well, that sucks for the people who were let go. This ain't my Toys R Us, but will be interesting to see what happens.
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