kakatiya Posted June 30, 2018 Report Posted June 30, 2018 Toys R Us stores close Friday, leaving behind nostalgia, anger and a chance of revival Lauren Hirsch Published 3 Hours AgoCNBC.com Toys R Us will shutter its doors for good in the U.S. Friday. The private equity-backed toy store announced plans to liquidate its operation in March after filing for bankruptcy in September.. There is a chance the brand can resurrect itself in a different form following the sale of its intellectual property Toys R Us will shutter its doors in the U.S. Friday, leaving in its wake a great deal of sadness, pockets of anger and some slim hope. The retailer filed for bankruptcy this past September with $4.9 billion in debt, a vestige from its $6.6 billion acquisition by Kohlberg Kravis Roberts, Bain Capital Partners and real estate investment trust Vornado Realty Trust in 2005. Five months later, it announced plans to liquidate its U.S. business. Quote
kakatiya Posted June 30, 2018 Author Report Posted June 30, 2018 Since then, there has been an outpouring of nostalgia for childhood toys shopping. There is dread of a holiday season without the often slightly disorganized Toys R Us stores. December will also be the first without Toys R Us's founder, Charles P Lazarus, who passed away in March. There has been anger too. Roughly 30,000 workers are out of a job and no one is getting a severance. Former employees have started groups, the Dead Giraffe Society, to share resumes and experiences. Quote
perugu_vada Posted June 30, 2018 Report Posted June 30, 2018 Papam future is e-commerce stores lo jobs chesevallu must start looking for other alternatives, as soon as they can Quote
whatsapp Posted June 30, 2018 Report Posted June 30, 2018 1 hour ago, perugu_vada said: Papam future is e-commerce stores lo jobs chesevallu must start looking for other alternatives, as soon as they can same situation for our IT jobs when automation increases!! Quote
AlaElaAlaEla Posted June 30, 2018 Report Posted June 30, 2018 1 hour ago, perugu_vada said: Papam future is e-commerce stores lo jobs chesevallu must start looking for other alternatives, as soon as they can store lo chese vallu inka vere alternatives emuntay bro...either they need to get into production side or IT side. Quote
AlaElaAlaEla Posted June 30, 2018 Report Posted June 30, 2018 4 minutes ago, whatsapp said: same situation for our IT jobs when automation increases!! IT lo roju ki oka kotha framework vasthadi le bhai....robots vasthe thappa ee jobs ki koduva undadhu Quote
kakatiya Posted July 1, 2018 Author Report Posted July 1, 2018 On 6/29/2018 at 11:03 PM, perugu_vada said: Papam future is e-commerce stores lo jobs chesevallu must start looking for other alternatives, as soon as they can Not really ...toys Rus has best online website..their website pre dates Amazon and their online retail business is as good as any. The reason toysrus declined in sale because ..new generation kids purchasing more video games from GameStop, Target and Walmart..while occasionally buying toys in the same trips to Target and Walmart... So toys sales didn't became main stream...hence toysrus lost business.. also their maintenance Costas are huge and toys are more price than Walmart.. Quote
Ram2 Posted July 1, 2018 Report Posted July 1, 2018 2 hours ago, kakatiya said: Not really ...toys Rus has best online website..their website pre dates Amazon and their online retail business is as good as any. The reason toysrus declined in sale because ..new generation kids purchasing more video games from GameStop, Target and Walmart..while occasionally buying toys in the same trips to Target and Walmart... So toys sales didn't became main stream...hence toysrus lost business.. also their maintenance Costas are huge and toys are more price than Walmart.. appudu toys r us lo video games r us section kuda add seyyachuga Quote
kakatiya Posted July 1, 2018 Author Report Posted July 1, 2018 5 hours ago, Ram2 said: appudu toys r us lo video games r us section kuda add seyyachuga It is already there but not competetive with GameStop..Target walmart Quote
Ram2 Posted July 1, 2018 Report Posted July 1, 2018 2 hours ago, kakatiya said: It is already there but not competetive with GameStop..Target walmart hmm Quote
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