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Doerrcollector
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Kinda related to the card/collectible world
"Toy store chain Toys R Us is planning to sell or close all 800 of its U.S. stores, affecting as many as 33,000 jobs as the company winds down its operations after six decades, according to a source familiar with the matter.
The news comes six months after the retailer filed for bankruptcy. The company has struggled to pay down nearly $8 billion in debt — much of it dating to a 2005 leveraged buyout — and has had trouble finding a buyer. There were reports earlier this week that Toys R Us had stopped paying its suppliers, which include the country’s largest toymakers. On Wednesday, the company announced it would close all 100 of its U.K. stores. In the United States, the company told employees closures would likely occur over time, and not all at once, according to the source, who spoke on the condition of anonymity because they were not authorized to discuss internal deliberations."
More than likely headed to liquidation at this point-Sad. Grew up as a Toys R Us kid and buying toys on Amazon is just not the same.
On the card side, any opinions on what this means for this year Toys R Us Purple Parallels?! They have been rare sights IMO compared to last few years, and still haven't seen one of my player.
Got to imagine the liquidation sales will make for some good card deals as well.
Thanks,
Jeff
Sent from my iPhone using Freedom Card Board
"Toy store chain Toys R Us is planning to sell or close all 800 of its U.S. stores, affecting as many as 33,000 jobs as the company winds down its operations after six decades, according to a source familiar with the matter.
The news comes six months after the retailer filed for bankruptcy. The company has struggled to pay down nearly $8 billion in debt — much of it dating to a 2005 leveraged buyout — and has had trouble finding a buyer. There were reports earlier this week that Toys R Us had stopped paying its suppliers, which include the country’s largest toymakers. On Wednesday, the company announced it would close all 100 of its U.K. stores. In the United States, the company told employees closures would likely occur over time, and not all at once, according to the source, who spoke on the condition of anonymity because they were not authorized to discuss internal deliberations."
More than likely headed to liquidation at this point-Sad. Grew up as a Toys R Us kid and buying toys on Amazon is just not the same.
On the card side, any opinions on what this means for this year Toys R Us Purple Parallels?! They have been rare sights IMO compared to last few years, and still haven't seen one of my player.
Got to imagine the liquidation sales will make for some good card deals as well.
Thanks,
Jeff
Sent from my iPhone using Freedom Card Board
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