It's now official, Toys R Us has thrown in the towel.

They have indeed filed a Chapter 11 case under the United States Bankruptcy code.  :\'(

It's now official, Toys R Us has thrown in the towel.

They have indeed filed a Chapter 11 case under the United States Bankruptcy code.  :\'(


They used to be the biggest toy store for quite a long time and now they're packing it up and calling it a day. :(

It's now official, Toys R Us has thrown in the towel.

They have indeed filed a Chapter 11 case under the United States Bankruptcy code.  :\'(


http://www.inthe00s.com/index.php?PHPSESSID=e15b75b6510d6173a346629e6fb00f8b&topic=56005.15

Already a thread

Also, as I explained in the other thread, the fact they're filing Chapter 11 rather than Chapter 7 means there's hope they'll still be around afterwards.

Toys R Us has confirmed plans to shut "at least" 26 of its stores in the UK, putting up to 800 jobs at risk. The toy chain said the closures would start in spring next year and that there would be "no disruption for customers" over Christmas and New Year. Managing director Steve Knights said the chain's "warehouse style stores", which it opened in the 1980s and 1990s, had become "too big and expensive to run in the current retail environment". Toys R Us has 106 stores in the UK.

http://www.bbc.co.uk/news/business-42219701

no bikes or trains or video games  :\'(

Toys R Us has confirmed plans to shut "at least" 26 of its stores in the UK, putting up to 800 jobs at risk. The toy chain said the closures would start in spring next year and that there would be "no disruption for customers" over Christmas and New Year. Managing director Steve Knights said the chain's "warehouse style stores", which it opened in the 1980s and 1990s, had become "too big and expensive to run in the current retail environment". Toys R Us has 106 stores in the UK.

http://www.bbc.co.uk/news/business-42219701


Will they shut down any New York stores? ???

They're closing my favorite childhood place for video games?  :\'(
https://i.pinimg.com/originals/23/13/e2/2313e2e85317c9bfd3d8288bac073cec.jpg

They're closing my favorite childhood place for video games?  :\'(
https://i.pinimg.com/originals/23/13/e2/2313e2e85317c9bfd3d8288bac073cec.jpg


I used to go there 20-25 years ago for Atari and Gameboy games.

Will they shut down any New York stores? ???

Will they shut down any New York stores? ???
Check the above replies.

I just visited Toys R Us here in the Picksburgh area. Picked up some nice toys for the company toy drive.  :)

They're closing my favorite childhood place for video games?  :\'(
https://i.pinimg.com/originals/23/13/e2/2313e2e85317c9bfd3d8288bac073cec.jpg


Did they used to give away free calendars at the checkout of your Toys R Us? In mine, they did. I remember getting a Nintendo calendar for (December 1999 and) 2000 :D

I just visited Toys R Us here in the Picksburgh area. Picked up some nice toys for the company toy drive.  :)


What about games for you?

What about games for you?


No need for me to buy any games for myself. My Atari 2600 is still going strong.  8)

No need for me to buy any games for myself. My Atari 2600 is still going strong.  8)

Oh you're old school huh?  I prefer more modern systems, but games are fun!

Why are they still advertising in their commercials though? I saw a Toys R Us commercial just the other day.

Why are they still advertising in their commercials though? I saw a Toys R Us commercial just the other day.
Are they still trading online?

No need for me to buy any games for myself. My Atari 2600 is still going strong.  8)


How are you enjoying it?

Why are they still advertising in their commercials though? I saw a Toys R Us commercial just the other day.


Was it an old commercial? ???

How are you enjoying it?


Lots.

What an awful promotional team, Toys Were Us.  8-P  8-P  8-P

It sounds like a bad spinach commercial!  :D

Was it an old commercial? ???


If they're still televising ads then they probably intend to stay in business after the bankruptcy proceedings are concluded.

Are they still trading online?



Was it an old commercial? ???



It was definitely not an old commercial. They were advertising the latest toys and playthings for kids.

Toys 'R Us just announced that they are closing their store in my town.  :\'(

Toys 'R Us just announced that they are closing their store in my town.  :\'(


What about my town? ???

What about my town? ???


Here's the list:

https://www.usatoday.com/story/money/business/2018/01/24/see-if-your-toys-r-us-store-closure-list/1060761001/

I did not see anything on there for Queens.

Toys R Us has confirmed plans to shut "at least" 26 of its stores in the UK, putting up to 800 jobs at risk. The toy chain said the closures would start in spring next year and that there would be "no disruption for customers" over Christmas and New Year. Managing director Steve Knights said the chain's "warehouse style stores", which it opened in the 1980s and 1990s, had become "too big and expensive to run in the current retail environment". Toys R Us has 106 stores in the UK.

http://www.bbc.co.uk/news/business-42219701


Weirdly they've opened a new (small) store in Leicester, in the Highcross shopping centre

Weirdly they've opened a new (small) store in Leicester, in the Highcross shopping centre
Before I make any more comments on Toys R Us, I will check out my local branch.

Just announced on the radio, Toys R Us in the UK has now fallen into administration.

That's actually a good thing. It means they're not going to be simply selling off the business.

That's actually a good thing. It means they're not going to be simply selling off the business.
The stores in the UK will remain open, but there will still be a chance of a sudden closure.

You may know better than me if you're in the UK, but in the US at least, bankruptcy administration means that the business is receiving rolling credit and keeping the business open to try to get solvent again.

You may know better than me if you're in the UK, but in the US at least, bankruptcy administration means that the business is receiving rolling credit and keeping the business open to try to get solvent again.
I am not up on the law of administration, but it seems from reports on the radio, keep the stores open as long as possible, in case a company wishes to take over running it. Toys R Us did have bad sells over the Christmas period and failed in asking a lower rent offer on the land on which landlords own.

I studied American bankruptcy law in law school because I wanted to enter that practice area. I’m not saying I’m definitely right because I don’t actually know what the court ordered in their case, but this does not necessarily mean the end for Toys R Us.

I studied American bankruptcy law in law school because I wanted to enter that practice area. I’m not saying I’m definitely right because I don’t actually know what the court ordered in their case, but this does not necessarily mean the end for Toys R Us.
All are hoping for a take over, but more news announced, their had to pay a £15m VAT bill, and was hoping the Christmas period would help it out, but bad sells put an end to that.

btw, I am only a layman when it comes to law.

Looks like they may be closing ALL of their stores in the US of A.

https://www.wsj.com/articles/toys-r-us-considers-closing-all-of-its-u-s-stores-1520549311

:\'( :\'(

Looks like they may be closing ALL of their stores in the US of A.

https://www.wsj.com/articles/toys-r-us-considers-closing-all-of-its-u-s-stores-1520549311

:\'( :\'(


Okay, now you can panic.

Looks like they may be closing ALL of their stores in the US of A.

https://www.wsj.com/articles/toys-r-us-considers-closing-all-of-its-u-s-stores-1520549311

:\'( :\'(


:\'(

In the UK, Toys R Us are to close all branches after failing to find a buyer.

Eh. Their stuff was incredibly expensive anyway. Even when I was really young, I couldn't believe the kind of money my parents shelled out there for me back in the early-mid 90s.

Eh. Their stuff was incredibly expensive anyway. Even when I was really young, I couldn't believe the kind of money my parents shelled out there for me back in the early-mid 90s.
When mu family went to a store a few weeks ago, all the best toys had gone, and what was good, was in a bad state.

When mu family went to a store a few weeks ago, all the best toys had gone, and what was good, was in a bad state.


So everything was inexpensive and cheap? ???

So everything was inexpensive and cheap? ???
...and not the best of choice for items.

...and not the best of choice for items.


that's what happens when stores call for bankruptcy.

Canadian branches still open and profitable, which was welcome news! But there are concerns that after all the administrative costs from Toys R Us USA are transferred to Canada, the stores may not be so profitable.

It is finished.

Just saw an article that the decision has been made.

It is finished.

Just saw an article that the decision has been made.
Toys R Bust!

Toys Were Us? http://www.thecoli.com/styles/default/xenforo/smilies/laff.gif

R.I.P Toys R Us...You will be missed. You made my childhood amazing.

I wonder if their gift cards will still be honored after the stores close down? ???

I wonder if their gift cards will still be honored after the stores close down? ???
Good question, and which stores could take them?

It is finished.

Just saw an article that the decision has been made.


https://images-na.ssl-images-amazon.com/images/I/41DwZ%2BJzqfL._SX355_.jpg

I wonder if their gift cards will still be honored after the stores close down? ???


Yes, until they finally close down then it will no longer be honored.

There's some hope. Looks like the fat lady is not quite ready to sing.

https://www.usatoday.com/story/money/business/2018/03/22/toy-co-ceo-leads-effort-save-toys-r-us/448314002/

There's some hope. Looks like the fat lady is not quite ready to sing.

https://www.usatoday.com/story/money/business/2018/03/22/toy-co-ceo-leads-effort-save-toys-r-us/448314002/


Let's hope they can save the store from bankruptcy.