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How Toys R Us Succumbed to Its Nasty Debt Problem – The New Yorker

Posted: Thursday, September 21, 2017

In 1948, a young and ambitious man named Charles Lazarus took over his father’s Washington, D.C., bicycle shop. Lazarus tried selling children’s furniture, but he soon changed to toys, as he later told the New York Times, “after realizing that toys broke and had to be replaced.” In 1957, he opened the first of his stores using the Toys R Us name. Less than a decade later, Lazarus sold his…

Toys ‘R’ Us Is Hiring More Than 10000 Employees for the Holidays – Money Magazine

Posted: Thursday, September 21, 2017

Despite filing for bankruptcy protection earlier this week, Toys ‘R’ Us plans to hire more than 10,000 part-time employees for the upcoming holiday season. The toy store chain will hire thousands of employees in some of the country’s biggest cities, including New York, Los Angeles, Philadelphia, Chicago and Boston, to help amid the busiest time of the year, the company said Thursday. Another 900 seasonal employees will be hired to…

Toys R Us – How Bad Assumptions Fed Bad Financial Planning Creating Failure – Forbes

Posted: Thursday, September 21, 2017

Toys R us filed for bankruptcy this week.  And the obvious response was “another retailer slaughtered by Amazon and on-line retailing.”  But this conclusion comes short of describing why Toys R Us leadership did not do the obvious things to keep Toys R Us relevant. Chart Courtesy of Felix Richter, Statista https://www.statista.com/chart/7060/online-toy-retailers-in-the-us/ Amazon and WalMart both eclipsed Toys’R’Us in toy retail sales.  Chart courtesy of Felix Richter, Statista https://www.statista.com/chart/7060/online-toy-retailers-in-the-us/ Everyone,…

Toys R Us lives on because Mattel and Hasbro can’t let it die – Chicago Tribune

Posted: Thursday, September 21, 2017

Rest easy, kids. Toys “R” Us isn’t going anywhere, at least not if the makers of Barbie and Transformers have their way. The toy chain filed for bankruptcy-court protection Monday night, another in a string of specialty retailers felled by Wal-Mart Stores, Amazon.com and the rest of the online onslaught. Toys “R” Us had been hobbled by more than $5 billion in debt, which required over $400 million a year…

Toys ‘R’ Us Might Be Dying, but Physical Retail Isn’t – Harvard Business Review

Posted: Wednesday, September 20, 2017

The recent bankruptcy filing at Toys “R” Us has roiled the toy industry. Yet the struggles at the company are not new. The firm was taken private in a $6.6 billion leveraged private equity buyout in 2005, with the aim of turning the chain around, but the resulting debt has proved to be unserviceable. The news is part of a larger trend of closings that some are calling the retail…

Toys R Us Downfall Due to Debt, Not Competition – Fortune

Posted: Wednesday, September 20, 2017

This article first appeared in Data Sheet, Fortune’s daily newsletter on the top tech news. Sign up here. If you study and internalize one article about the bankruptcy filing of beleaguered toy retailer Toys R Us, I recommend this one from today’s Wall Street Journal. It is tempting to chalk up the company’s stumbles to an inability to effect a “digital transformation,” the justifiably hot buzztopic that is enriching management…

Bankruptcy Is No Plaything – Toys ‘R’ Us Files For Chapter 11 – Forbes

Posted: Wednesday, September 20, 2017

Toys “R” Us, Inc.— with over $5 billion in debt—made big headlines this week by filing for Chapter 11 bankruptcy, making this the third-largest retail industry bankruptcy of all time! Photo Credit: Luke Sharrett/Bloomberg Although we’re heading into the toy-buying, holiday shopping season, the news wasn’t shocking to most investors since problems in the retail industry have been widely-publicized for some time now. Retailers have been negatively-impacted by a number…

Bankruptcy Is No Plaything – Toys ‘R’ Us Files For Chapter 11 – Forbes

Posted: Wednesday, September 20, 2017

Toys “R” Us, Inc.— with over $5 billion in debt—made big headlines this week by filing for Chapter 11 bankruptcy, making this the third-largest retail industry bankruptcy of all time! Photo Credit: Luke Sharrett/Bloomberg Although we’re heading into the toy-buying, holiday shopping season, the news wasn’t shocking to most investors since problems in the retail industry have been widely-publicized for some time now. Retailers have been negatively-impacted by a number…

Toys R Us says its bankruptcy won’t interrupt the holiday shopping season – Los Angeles Times

Posted: Wednesday, September 20, 2017

With its spacious, high-ceiling stores that hold thousands of items, Toys R Us pioneered the big-box format for toy sales and became the go-to destination for playthings and baby products — elbowing many smaller toy stores out of business. Now, Toys R Us Inc. has tumbled into bankruptcy, filing late Monday night for Chapter 11 protection. But Toys R Us isn’t a simple example of another conventional retailer being steamrolled…

Did Video Games and iPads Kill Toys R Us? – NBCNews.com

Posted: Wednesday, September 20, 2017

Toys R Us declared bankruptcy Monday, but the batteries powering this bunny went dead a long time ago. While there are a lot of factors at “play,” a big part of the issue is that the Batmobiles and Barbie dolls have been gathering dust in the rec room as children’s faces are lit by glowing apps and bleeping video games. Now when you type into Google, “My kid is addicted…

Data Sheet—In Toys R Us Story, Blame Debt Over Amazon – Fortune

Posted: Wednesday, September 20, 2017

“We need to have access to equipment that are hundreds of thousands of dollars,” she explained. “Equipment and lab are things that you don’t have in a web-based startup. [That's] one of the reasons people like investing in web-based startups so much, because they can go a little bit longer with X amount of money.” Dave and her co-founder are trying to create a new technology that she thinks could…

Lego’s movie mojo runs out with Ninjago – AV Club

Posted: Wednesday, September 20, 2017

Photo: Warner Bros. Director Charlie Bean, Paul Fisher, Bob Logan Runtime 100 minutes Rating PG Language English Cast Dave Franco, Justin Theroux, Jackie Chan, Olivia Munn, Kumail Nanjiani, Abbi Jacobson, Zach Woods, Michael Peña, Fred Armisen Availability Theaters everywhere September 22 It took three movies and almost four years, but it did eventually happen. Warner Bros. animation has finally made the uninspired Lego cartoon that so many people were expecting…

Toys R Us store closings expected after the holiday season – USA TODAY

Posted: Wednesday, September 20, 2017

x Embed x Share CLOSE The timing of the bankruptcy couldn’t be worse as the company gears up for the important holiday season and fourth quarter, which accounts for 40 percent of net sales. Wochit Dave Brandon, chief executive officer of Toys R Us Inc., speaks during an interview at a Secaucus store in 2016. Brandon, who oversaw a turnaround at Domino’s Pizza in the last decade, boils down the…

Toys R Us says its bankruptcy won’t interrupt the holiday shopping season – Los Angeles Times

Posted: Wednesday, September 20, 2017

With its spacious, high-ceiling stores that hold thousands of items, Toys R Us pioneered the big-box format for toy sales and became the go-to destination for playthings and baby products — elbowing many smaller toy stores out of business. Now, Toys R Us Inc. has tumbled into bankruptcy, filing late Monday night for Chapter 11 protection. But Toys R Us isn’t a simple example of another conventional retailer being steamrolled…

Did Video Games and iPads Kill Toys R’ Us? – NBCNews.com

Posted: Wednesday, September 20, 2017

Toys R’ Us declared bankruptcy Monday, but the batteries powering this bunny went dead a long time ago. While there are a lot of factors at “play,” a big part of the issue is that the Batman playsets and Barbie dolls have been gathering dust in the rec room as children’s faces are lit by glowing apps and bleeping video games. Now when you type into Google, “My kid is…

Toys R Us says its bankruptcy won’t interrupt the holiday shopping season – Los Angeles Times

Posted: Wednesday, September 20, 2017

With it spacious, high-ceiling stores that hold thousands of items, Toys R Us pioneered the big-box format for toy sales and became the go-to destination for playthings and baby products — elbowing many smaller toy stores out of business. Now, Toys R Us Inc. has tumbled into bankruptcy, filing late Monday night for Chapter 11 protection. But Toys R Us isn’t a simple example of another conventional retailer being steamrolled…

How Toys ‘R’ Us Collapsed So Quickly – Bloomberg

Posted: Wednesday, September 20, 2017

After sustaining a crushing load of debt for more than a decade following its 2005 buyout, Toys ‘‘R’’ Us Inc. succumbed to what it called a “dangerous game of dominoes” that toppled it in a matter of days. Markets had reflected little doubt over the summer that a deal to rescue the toy merchant would get done before the crucial holiday shopping season, as Toys ‘‘R’’ Us negotiated to restructure about…

Did Video Games and iPads Kill Toys R’ Us? – NBCNews.com

Posted: Wednesday, September 20, 2017

Toys R’ Us declared bankruptcy Monday, but the batteries powering this bunny went dead a long time ago. While there are a lot of factors at “play,” a big part of the issue is that the Batman playsets and Barbie dolls have been gathering dust in the rec room as children’s faces are lit by glowing apps and bleeping video games. Now when you type into Google, “My kid is…

Toys ‘R’ Us Stokes Nostalgia by Breaking Into Song in Chapter 11 – Bloomberg

Posted: Wednesday, September 20, 2017

Amid the hundreds of pages of legal verbiage and financial information, Toys “R” Us Inc.’s bankruptcy filing included something unusual: a song. At the start of his remarks in the filing, Chief Executive Officer Dave Brandon kicked things off with the company’s iconic jingle — an attempt to plumb nostalgia strings during an especially dark time for the retail chain.  “I don’t want to grow up, I’m a Toys ‘R’…

The New York Philharmonic Relives “Star Wars” – The New Yorker

Posted: Wednesday, September 20, 2017

It is one of the great unifying moments of Generation X. It’s 1977, and we’re at a showing of the first “Star Wars.” The movie opens, and, as the prelude text scrolls upward (“It is a period of civil war . . .”) and disappears, John Williams’s main title music modulates from brassy swagger to swirling string arpeggios, and the camera settles down on the dusty surface of the planet…