Toys R Us Closures

[WarmFZI]

Now that I got all I wanted...

Some Phoenix area stores are now offering "fixtures" at 50% off the marked pricing. Picked up a 10 step rolling ladder for $175, Three shelf pallet rack 4x16' for $230, Werner ladders and more for a fraction of new, and all in good condition.

7000 Mayo, Baby's R Us still had 4 and 5' wide pallet racks yesterday.

 

[superduty1]

Has that store already cleared out their inventory?

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[WarmFZI]

We were there Saturday PM and they still had some pallet racks and Z racks (rolling clothes rack, I got for painting projects). There was still some furniture as well.

 

[PugetDude]

Somehow I thought this was going to be another snarky thread about HF tools...

 

[EOC_Jason]

I drove by a Toys R Us on Friday I think it was. OMG I've never seen a parking lot so packed! They had going out of business signs in all the windows...

Would have been nice to walk through the store just for old times sake, but not with a million crazy parents & their kids trying to grab what they can off the shelves...

I thought some investment group was going to bail them out?

 

[Hilltopmasonry]

Would have been nice to walk through the store just for old times sake, but not with a million crazy parents & their kids trying to grab what they can off the shelves...

I thought some investment group was going to bail them out?

The week before they announced they were going out of business I read on the Internet that they were going under so me and my wife took our five-year-old daughter and slowly walked around the store and it was very enjoyable “for old times sake” since it wasn’t crazy yet.... it was funny and sad because we told my five-year-old that the store was permanently closing and she looked at us like, why this place is great!!

I drove past the same store a couple days ago and agree the parking lot was packed and I want absolutely no part of it

I also read that an investment group is trying to raise the funds to save some of the stores including some toy manufacturers that may gobble up the name brand and keep it going....of coarse they will wait til the business is worthless before they make an offer


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[WhiffySpark]

The week before they announced they were going out of business I read on the Internet that they were going under so me and my wife took our five-year-old daughter and slowly walked around the store and it was very enjoyable “for old times sake” since it wasn’t crazy yet.... it was funny and sad because we told my five-year-old that the store was permanently closing and she looked at us like, why this place is great!!

I drove past the same store a couple days ago and agree the parking lot was packed and I want absolutely no part of it

I also read that an investment group is trying to raise the funds to save some of the stores including some toy manufacturers that may gobble up the name brand and keep it going....of coarse they will wait til the business is worthless before they make an offer


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Toys r us is done. They terminated our landscaping contract.

K b toys is planning a come back

 

[EOC_Jason]

I remember there used to be a FAO Schwarz across from The Galleria in downtown Houston. That was a cool place to visit.

 

[flylow7f39]

K b toys is planning a come back

IMO not much of a comeback, appears to be just pop-up stores from a company that bought the name. Sounds like their main goal is to make a quick buck.

https://www.investopedia.com/terms/p/pop-up-retail.asp
"A retail store that is opened temporarily to take advantage of a trend or a seasonal product. Demand for products sold in pop-up retail is typically short-lived. Pop-up retail stores are found most often in the apparel and toy industries."

http://money.cnn.com/2018/03/20/news/companies/kb-toys-toys-r-us/index.html
"Strategic Marks, a company that buys and revitalizes defunct brands, owns the KB name and plans to open 1,000 pop-up KB Toys stores for Black Friday and the holiday shopping season."

"Strategic Marks bought the KB Toys brand from Bain Capital in 2016. Bain is the same company that bought Toys "R" Us and took it private in 2006, a process that left the toy company saddled with $5.3 billion in debt, from which it never recovered."

 

[dutchgray]

All the Toys R Us stores here in the UK are also closing, they don't sell the fixtures and fittings off here though when stores close, all that stuff has a whole industry behind it that buys, removes and sells on.

 

[pendragon1998]

IMO not much of a comeback, appears to be just pop-up stores from a company that bought the name. Sounds like their main goal is to make a quick buck.

https://www.investopedia.com/terms/p/pop-up-retail.asp
"A retail store that is opened temporarily to take advantage of a trend or a seasonal product. Demand for products sold in pop-up retail is typically short-lived. Pop-up retail stores are found most often in the apparel and toy industries."

http://money.cnn.com/2018/03/20/news/companies/kb-toys-toys-r-us/index.html
"Strategic Marks, a company that buys and revitalizes defunct brands, owns the KB name and plans to open 1,000 pop-up KB Toys stores for Black Friday and the holiday shopping season."

"Strategic Marks bought the KB Toys brand from Bain Capital in 2016. Bain is the same company that bought Toys "R" Us and took it private in 2006, a process that left the toy company saddled with $5.3 billion in debt, from which it never recovered."

I never hear a good thing about Bain.

 

[a52-830]

I never hear a good thing about Bain.

because you dont invest there. while they screw a lot of people over, they also make a sh!tload of money doing it.

understanding, of course, that the people selling out to them are doing it because bain is paying the most money . . . . . the innocent people here are the employees and the customers.

 

[CJM8515]

Toys R US was good 30 years ago, as time wore on they stopped carrying much toys and focused on only a few select items. Thats where they went wrong imho.

 

[WarmFZI]

The stores I went to had started their closeout sales over a month ago. They had progressed to "Up to 70% off". Initially the fixtures were the marked price. Then last week the person in charge said half off the marked price. These stores weren't too crowded as the normal merchandise was well picked over.

 

[7avalon7]

because you dont invest there. while they screw a lot of people over, they also make a sh!tload of money doing.

+1. The goal is make money and they are very good at it.



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[MJK]

Now that I got all I wanted...

Some Phoenix area stores are now offering "fixtures" at 50% off the marked pricing. Picked up a 10 step rolling ladder for $175, Three shelf pallet rack 4x16' for $230, Werner ladders and more for a fraction of new, and all in good condition.

7000 Mayo, Baby's R Us still had 4 and 5' wide pallet racks yesterday.

The store on E Broadway in Tucson still has TONS of heavy steel racking left at very reasonable prices. I saw 4' deep x 8'/16' pallet racks in varying heights in the $2xx range, as well as some 2' deep by 8' long storage racks. Ladders and carts galore too. They were even selling shopping carts and the trash cans out front.

Measure before you go and bring a tape measure. They take plastic and said that you must uninstall it and pick it up within a few days of when the store closes, which they are aiming to do the end of June.

 

[xriderbc]

+1. The goal is make money and they are very good at it.



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Gordon Gecko would be proud.

 

[zeekh]

Now that I got all I wanted...

Some Phoenix area stores are now offering "fixtures" at 50% off the marked pricing. Picked up a 10 step rolling ladder for $175, Three shelf pallet rack 4x16' for $230, Werner ladders and more for a fraction of new, and all in good condition.

7000 Mayo, Baby's R Us still had 4 and 5' wide pallet racks yesterday.

How high is the 10 step rolling ladder?

 

[mattblast]

How high is the 10 step rolling ladder?

Standard for rolling ladders is 10”/step so it should be 100” or just under 8ft.

 

[zeekh]

Standard for rolling ladders is 10”/step so it should be 100” or just under 8ft.

Thanks

 

[rahrah12]

hAD BEEN WATCHING FOR AWHILE...dropping prices 5% a week...Picked up what I needed last week @50% was fine by me...wasn't crowded at all but I knew this week was coming where people would buy up whatever and a lot will find its way to craigslist...

kind of sad to see it go though...