It seems that the writing is on the wall for Toys R Us. With consumer demand changing it now seems likely that the retailer will close all of its stores in the United States. The Wall Street Journal reports that the company has already told its workers that it’s likely that they will close all of their stores in the United States. This will come as a huge blow to many.
“Toys ‘R’ Us Inc. told employees Wednesday the struggling big-box retailer will sell or close all its U.S. stores, a collapse that threatens up to 33,000 American jobs in the coming months.
The 70-year-old chain, which filed for bankruptcy protection in September, has more than 700 remaining U.S. locations, including Babies ‘R’ Us stores.”
I’m not really surprised, considering the chain of events leading up to this.
How the mighty have fallen.
They didn’t pay there tax.
Taking holiday bonuses during a time of bankruptcy & being in bad debt… Pfft… Sucks for the 33k employees that got screwed by their employers…
Did Toys R Us allow Enron guys in their board of directors or something?
Yes they did. It was a while ago.
Bad decisions lead to this. Their president (of Toy’R Us) and executives are likely the ones to blame.
Not to mention that I haven’t seen much shoppers in those stores for a long time now. It was doomed to foreclose eventually. Look at Times Square Toys R Us. That shit shut down as soon as it was opened and I didn’t even think it was possible seeing that MILLIONS tour around that part of the city daily. It’s crazy.
Well, this is the end.
No wonder they didn’t save up to pay there taxes. I wish Nintendo could help them to pay off these fees. I feel bad for these 33K employees go through this.
Unless if Nintendo wants to turn Toys R Us to Nintendo R Us.. there’s no reason for Nintendo to help!
Well, so much for my hopes that they would build a Toys R Us in my location. A beloved childhood (and adulthood) store, gone. I remember how even the very smell of Toys R Us was magical to me. I’d walk in and I was like…..”I SMELL TOYS”. LOL!
Odd,.. that they announced 6 new stores just this past weekend.
I’d quit my job to work at a Nintendo’s R Us.