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Post Reply Toys R Us files for Chapter 11: childhood officially dead
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22 / M / Bundaberg, Queens...
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Posted 9/26/17 , edited 9/26/17

thomascgty wrote:

When you think about it, stores like Hobby Lobby is going strong but places like Toys R Us are closing down.

And consider Hobby Lobby is on a niche market. I looked at their website and wonder how that company survive with only those products.

Toys R Us is a mass market (not sure if I used the correct word) but they filed bankruptcy.

Maybe mismanagement on Toys R Us.


It's definitely mismanagement they have Toys R Us but managed by different people in other countries overseas none of them are going out of buisness and are booming

Toys R Us is going well in Australia.

Either America just decided fuck toys and the rest of the world disagrees or some kind of mismanagement was going on.
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Posted 9/26/17 , edited 9/26/17

thomascgty wrote:

When you think about it, stores like Hobby Lobby is going strong but places like Toys R Us are closing down.

And consider Hobby Lobby is on a niche market. I looked at their website and wonder how that company survive with only those products.

Toys R Us is a mass market (not sure if I used the correct word) but they filed bankruptcy.

Maybe mismanagement on Toys R Us.


I don't see Hobby Lobby as a niche market. Yes, they only sell hobby related things, but look at the range. Weddings, Toys, Cars, Ocean, Metal signs, wood working, painting, small furniture, cake decorating, jewelry making, sewing. Anyone can walk into a hobby lobby. Wast thousands of dollars, buying things they don't kneed, and be really excited about it.
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Posted 9/26/17 , edited 9/26/17

thomascgty wrote:

When you think about it, stores like Hobby Lobby is going strong but places like Toys R Us are closing down.

And consider Hobby Lobby is on a niche market. I looked at their website and wonder how that company survive with only those products.

Toys R Us is a mass market (not sure if I used the correct word) but they filed bankruptcy.

Maybe mismanagement on Toys R Us.


It is somewhat of a niche market.
jujitsu213 explained it, to a degree.
One reason some of the people I know go to Hobby Lobby over competitors like Michaels or AC Moore is that it's owned by an Evangelical Christian.
There was once a court case a few years ago where they dropped contraceptives like Plan B from their employees' healthcare plan.
It went to the Supreme Court and the court found that it's within the owner's rights to deny their employees certain health benefits due to their own religious beliefs (the owner did not believe in abortion due to being a Christian).
Those I know who are Christians would rather shop at Hobby Lobby than Michaels solely due to that fact.

Toys R' Us ran out of runway.
They couldn't keep competing with the likes of Amazon, Wal*Mart, and online retailers (in general).
They also expanded too far and left themselves with an undesirable market, as they expanded into the whole "everything for those between ages 1 months to 12 years old" territory.
It did not help that they were frequently overcharging for their goods and that some companies have begun to offer discounts (like Amazon).

I would say the next company likely to file for bankruptcy would be "GameStop".
They're trying to save grace by adding another tier to their "Pro" plan and throw more "ThinkGeek" merchandise into their stores.
The same story that Toys R' Us had when they merged their "Babies R' Us" into their main branches (originally, the Babies R' Us stores were few and far between - but then they merged the concept with all Toys R' Us stores).
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Posted 9/26/17 , edited 9/26/17
I'm not surprised. They marked their prices up way too high. No reason to shop at Toys R Us when I could walk right on over to Walmart or Target and get the same thing at at least 25% off what TRU was asking. Nevermind the competitive prices online.
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