Corrected: Toys R Us to shutdown all stores

[Jhhnn]

I just like a hands off policy. The likelihood of such a policy, is another matter.
I think most would find the very idea of a federal TrUs bailout laughable. I'm not suggesting it was ever in the cards.

Yeh, we had a hands off policy in 1930...

 

[ch33zw1z]

I just like a hands off policy. The likelihood of such a policy, is another matter.
I think most would find the very idea of a federal TrUs bailout laughable. I'm not suggesting it was ever in the cards.

If your bar is hands off for TRU, enjoy.

 

[theeedude]

Romney's Bain Capital kills another big business.

 

[Mai72]

Avoid federal bailouts lol....sure sure, and pigs can fly. TRU won't get one, they're not a financial institute that's too big to fail after fucking over citizens for a while. But dont you worry, the next one is in the works, just like every single one before it. You didn't think '08 was the first time, right?

'08 is going to come back with a VENGEANCE. Many people are in debt. Student loan debt is 1.3T. People are buying homes that they can't afford. The average new car loan is 6 plus years. Many baby boomers have as little as $30k in the bank for retirement. Trumps trade war. The fact that we have an administration that doesn't know shit about basic economic policies. Big chain stores are closing due to Amazon's dominance. Hell, even Joey Lawrence went tits up and had to sell his clothes! Lol.

Oh, the next recession/depression is going to make '08 look like a party.

 

[Jhhnn]

'08 is going to come back with a VENGEANCE. Many people are in debt. Student loan debt is 1.3T. People are buying homes that they can't afford. The average new car loan is 6 plus years. Many baby boomers have as little as $30k in the bank for retirement. Trumps trade war. The fact that we have an administration that doesn't know shit about basic economic policies. Big chain stores are closing due to Amazon's dominance. Hell, even Joey Lawrence went tits up and had to sell his clothes! Lol.

Oh, the next recession/depression is going to make '08 look like a party.

So vote Republican- they're dying to get us there.

 

[Puffnstuff]

Its official, they're going under closing all their stores.
http://money.cnn.com/2018/03/14/news/companies/toys-r-us-closing-stores/index.html

 

[Jhhnn]

Pumped & dumped by the creative financial chicanery of hedge fund ownership.

 

[Sonikku]

Talk about a bitter pill for "The Toy Box" winners.

 

[MomentsofSanity]

Aww man. That’s where I met David Hasselhoff when I was 9.

 

[UNCjigga]

Aww man. That’s where I met David Hasselhoff when I was 9.

I met Mr. T at mine

 

[MomentsofSanity]

I met Mr. T at mine

Did he try to lure you out to the parking lot with toys too?

Now that I think about it... that miiight not have been him.

 

[Ventanni]

'08 is going to come back with a VENGEANCE. Many people are in debt. Student loan debt is 1.3T. People are buying homes that they can't afford. The average new car loan is 6 plus years. Many baby boomers have as little as $30k in the bank for retirement. Trumps trade war. The fact that we have an administration that doesn't know shit about basic economic policies. Big chain stores are closing due to Amazon's dominance. Hell, even Joey Lawrence went tits up and had to sell his clothes! Lol.

Oh, the next recession/depression is going to make '08 look like a party.

A lot of these issues we've brought upon ourselves. I agree that the student loan debt is going to be a crushing issue at some point in the future, and that bubble is going to POP. And that issue was created because of this:
1. It started with the last recession and student loans always having been easily available in the United States (nothing new).
2. People had to rely more heavily on loans, and easier access to student loans substantially increased the purchasing power for students.
3. Substantially increased purchasing power allowed for colleges to raise prices.
4. Increased prices requires larger loans to be obtained.
5. Cycle repeats. Now student loan debt surpasses of $1.44T is now greater than credit card and auto loans combined.

Our car loan debt is a result of the general population treating cars like they're commodity products. Got a bad transmission? That's okay, just trade it in for a new car. Got a radiator leak? That's okay, just trade it in for a new car. In fact, that's what my next door neighbor did. Instead of fixing the dang radiator leak for $200, he's now going to purchase a used multi-thousand dollar vehicle. The reality is, if you're willing to invest a few grand into replacing the parts that wear on a routine basis, like your shocks, struts, hoses, belts, tires, alternators, batteries, etc, you actually spend less money doing so than purchasing a new vehicle. It just requires you more time and patience, but I guess that's something we lack these days.

Baby boomers having no money is silly. There is so much money out there and so many ways to make it. I realized one single truth with money when I spent 3 years getting myself out of crippling debt. I'm now 100% debt free. That truth is that each and every one of us has access to interest. If you're in debt, then you're paying someone else your interest. If you're not in debt, then you can use that to have someone else pay you interest.

Trump: The fact that Trump is the US president is a fascinating, and yet terrifying, reflection of American society. That both Clinton and Trump got as far as they did highly three important truths about ourselves, and that is:

1. That we have become increasingly polarized with our views; too much all-or-nothing viewpoints and agreements. An increase in unwillingness to engage in dialogue. Willing to talk, but not listen.
2. That we have become all too willing to redefine or set aside longstanding truths for our immediate benefit; "God is dead."
3. That we value our entertainment over our well being.

All of the issues you listed above can be traced to those three things. We don't listen, we don't care about what's right or wrong, and we don't value our own well being.

And we wonder why we have so many problems!

 

[IronWing]

Toys R Us is the first and only toy store I've ever been to that had armed security guards.

 

[Puffnstuff]

Toys R Us is the first and only toy store I've ever been to that had armed security guards.

That's something I would expect to see at Chuck E. Cheese considering that liquor might be involved.
https://az822563.vo.msecnd.net/docs...te/web0118_2_tdt2a_bw_2.pdf?sfvrsn=b73b5f87_2

 

[dank69]

A lot of these issues we've brought upon ourselves. I agree that the student loan debt is going to be a crushing issue at some point in the future, and that bubble is going to POP. And that issue was created because of this:
1. It started with the last recession and student loans always having been easily available in the United States (nothing new).
2. People had to rely more heavily on loans, and easier access to student loans substantially increased the purchasing power for students.
3. Substantially increased purchasing power allowed for colleges to raise prices.
4. Increased prices requires larger loans to be obtained.
5. Cycle repeats. Now student loan debt surpasses of $1.44T is now greater than credit card and auto loans combined.

Our car loan debt is a result of the general population treating cars like they're commodity products. Got a bad transmission? That's okay, just trade it in for a new car. Got a radiator leak? That's okay, just trade it in for a new car. In fact, that's what my next door neighbor did. Instead of fixing the dang radiator leak for $200, he's now going to purchase a used multi-thousand dollar vehicle. The reality is, if you're willing to invest a few grand into replacing the parts that wear on a routine basis, like your shocks, struts, hoses, belts, tires, alternators, batteries, etc, you actually spend less money doing so than purchasing a new vehicle. It just requires you more time and patience, but I guess that's something we lack these days.

Baby boomers having no money is silly. There is so much money out there and so many ways to make it. I realized one single truth with money when I spent 3 years getting myself out of crippling debt. I'm now 100% debt free. That truth is that each and every one of us has access to interest. If you're in debt, then you're paying someone else your interest. If you're not in debt, then you can use that to have someone else pay you interest.

Trump: The fact that Trump is the US president is a fascinating, and yet terrifying, reflection of American society. That both Clinton and Trump got as far as they did highly three important truths about ourselves, and that is:

1. That we have become increasingly polarized with our views; too much all-or-nothing viewpoints and agreements. An increase in unwillingness to engage in dialogue. Willing to talk, but not listen.
2. That we have become all too willing to redefine or set aside longstanding truths for our immediate benefit; "God is dead."
3. That we value our entertainment over our well being.

All of the issues you listed above can be traced to those three things. We don't listen, we don't care about what's right or wrong, and we don't value our own well being.

And we wonder why we have so many problems!

Trump wouldn't be where he is without the help of religion.

 

[Puffnstuff]

Trump wouldn't be where he is without the help of religion.

Religion has been messing things up since its inception.

 

[Ventanni]

Trump wouldn't be where he is without the help of religion.

Absolutely correct, covered by my point #1 though. Pastors everywhere, including my own, gave the sermon about how Donald Trump was the only candidate that aligned himself fully with the Bible. Mind you though, Trump said A LOT of things to various audiences knowing where they were at and where they would stand. He said he'd eliminate the federal debt in 8 years. He said he wouldn't be the president that took vacations. He said he'd give the middle class a tax cut.

Everyone is to blame for believing Trump's BS.

 

[dank69]

Absolutely correct, covered by my point #1 though. Pastors everywhere, including my own, gave the sermon about how Donald Trump was the only candidate that aligned himself fully with the Bible. Mind you though, Trump said A LOT of things to various audiences knowing where they were at and where they would stand. He said he'd eliminate the federal debt in 8 years. He said he wouldn't be the president that took vacations. He said he'd give the middle class a tax cut.

Everyone is to blame for believing Trump's BS.

I meant that religion is one of the main reasons that reasonable people such as yourself believe that Hillary is a she-beast.

 

[paperfist]

The Internet is the main reason for these Retailer bankruptcies. Many will fail, but eventually it should level out.

I would have thought that toys would be one thing you want to see in person before purchasing. Though I have no idea if toys are still popular and if kids still actually want them.

Seemed like a few years ago around Christmas there was always a mad rush to get the hottest new toy for your kid before they sold out...

Are there other toy stores? I wonder what kind of ripple effect this will have on toy manufacturers?

 

[Zaap]

Trump wouldn't be where he is without the help of religion.

Oh please, like Dims don't pander to (especially) minority congregations. No Dim has any problem with religion when they win. It's only this 4 or 8 years of sad sack bullshit when you lose you pretend it never helps the Dims.

 

[Zaap]

On subject.. man what a shame a businesses can't run a freaking toy store right.

70 years of every sort of financial turmoil and they can't cut it.

I don't buy that its just Amazon and online. Hell, every brick and mortar business would go tits up if that were the case.

I think its more to do with businesses being out of touch and not really knowing how to sell things anymore. So many times I've been in stores, cash in hand, ready to buy what I need. But nope. They don't have that item in stock. 500 million of ONE TYPE of other item.. but no real selection. Not to worry ... you can order it from our website!

Except here's the thing... if I'm gonna have to 'order it from your website' I'm probably 3x more likely just to head to Amazon for it. So thanks for nothing. Clueless businesses drive people to Amazon so they need to shape up and figure out why, not whine about it until they go under.

Such a shame... if you can't even sell toys to kids at a profit. Just hang it up.

 

[MavericK96]

On subject.. man what a shame a businesses can't run a freaking toy store right.

70 years of every sort of financial turmoil and they can't cut it.

I don't buy that its just Amazon and online. Hell, every brick and mortar business would go tits up if that were the case.

Many, many of them are.

I think its more to do with businesses being out of touch and not really knowing how to sell things anymore. So many times I've been in stores, cash in hand, ready to buy what I need. But nope. They don't have that item in stock. 500 million of ONE TYPE of other item.. but no real selection. Not to worry ... you can order it from our website!

Except here's the thing... if I'm gonna have to 'order it from your website' I'm probably 3x more likely just to head to Amazon for it. So thanks for nothing. Clueless businesses drive people to Amazon so they need to shape up and figure out why, not whine about it until they go under.

So it's not Amazon, but it's Amazon.

The problem is that physical retail for many product types is dying - and it's adapt or die.

 

[IronWing]

As a previous poster posted most wisely in a previous post: Amazon didn't kill Toy R Us; the vulture capitalists that buried Toys R Us in an insurmountable mountain of debt through a leveraged buyout killed Toys R Us.

 

[Zaap]

Many, many of them are.



So it's not Amazon, but it's Amazon.

The problem is that physical retail for many product types is dying - and it's adapt or die.

Amazon is a crutch and an excuse for clueless businesses who can't figure out how to sell things to people. Either online same as Amazon... or when you have someone standing in your store cash in hand chomping at the bit to buy from you.... and you're unable to help them.

If a business falls back on 'nope! Don't have it... can't sell it... but we can order it for you!' then the real answer is, "no thanks. I'll order it mydamnself."

 

[Atreus21]

Baby boomers having no money is silly. There is so much money out there and so many ways to make it. I realized one single truth with money when I spent 3 years getting myself out of crippling debt. I'm now 100% debt free. That truth is that each and every one of us has access to interest. If you're in debt, then you're paying someone else your interest. If you're not in debt, then you can use that to have someone else pay you interest.

Elaborate. Seriously. I'm curious.