Look How Star Wars Toys partially Killed off #toysrus RIP !!
Star Wars Toys partially Killed off #toysrus RIP !! It’s actually really sad to see one of our giant competitors crumble !! It was always fun going to Toys R Us stores as a kid and drooling over the Marvel & Transformers Figures.
Just the sheer selection would always overwhelm me.Even as a Adult taking my niece & nephew to their stores brought a smile to my face !! The glint in their eyes seeing the massive selection of Toys like Lego,Barbie,Hot Wheels, RC Toys, Star Wars Toys,Marvel Toys, Transformers and all the other cool stuff they stocked.
But could their heavy Investment in Lucas Films Star Wars Toys be a major reason for their demise ..?? In this video we look at just one of the Toys R Us Stores with literally 1000’s of Star Wars Toys not even selling for a buck !! Now multiply the overstock Star Wars Toys by 800 stores and you get a clearer picture where this toy power house went wrong. TRU we will miss you !!
Toys R Us is expected to tumble into administration next week after last ditch talks to find a buyer faltered.
The move will put 3,200 jobs at risk and follows the recent decision by its bankrupt American parent to try to sell the loss-making UK business as well its other European stores.
The troubled retailer had been trying to drum up a buyer before the end of the month when several payments, including a £15m VAT bill, fall due.
In September Toys R Us’s American parent filed for bankruptcy protection in the US and Canada after running up $5bn (£3.7bn) of debts and struggling to compete online. It is trying to restructure its finances and is closing hundreds of US stores.
The UK chain has been struggling for the same reasons as its parent, with shoppers shunning the large out-of-town sheds synonymous with the Toys R Us brand in favour of buying online or from supermarkets. The retailer’s most recent accounts showed an operating loss of £500,000 on sales of £418m.
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