How Toys 'R' Us Went Bankrupt | WSJ
Рет қаралды 1,217,520
For decades, Toys "R" Us was not only one of the top toy retailers in the United States, it was one of the top retailers period. Until it suddenly wasn’t. Toys “R” filed for bankruptcy in 2017 and liquidated six months later. This is the story of how Toys "R" Us went bankrupt.
Illustration: Carter McCall/The Wall Street Journal.
More from the Wall Street Journal:
Visit WSJ.com: www.wsj.com
Visit the WSJ Video Center: wsj.com/video
On Facebook: pg/wsj/videos/
On Twitter: WSJ
On Snapchat: on.wsj.com/2ratjSM
#WSJ #ToysRUs #Bankruptcy
@andriod8014 4 жыл бұрын
When I was little, Toys “R” Us felt a magical place.
@WordierHalo75 4 жыл бұрын
Cuz it was
@adamd6648 4 жыл бұрын
It was
@xaratian 4 жыл бұрын
ok boomer
@PinkAugust0 4 жыл бұрын
@@xaratian how old are you tho
@johnnyfavorite1194 4 жыл бұрын
I thought so too... Until Geoffrey the Giraffe started chasing me with an Axe.
@turradaturra 4 жыл бұрын
lowest price? are you kidding? Toys r us was super expensive
@MrBobberino01 4 жыл бұрын
That was before Walmart
@n0oo7 4 жыл бұрын
In 2015 or 1993?
@HaikHakopyan 4 жыл бұрын
Before Walmart it was considered cheap
@davidstring8301 4 жыл бұрын
They were being compared to other toy stores, because toys used to come from specialty toy stores, and they were cheaper than the other toy stores. But no, Walmart, Target, Kmart, etc were cheaper
@SonicSP 4 жыл бұрын
Dude did you not watch the whole video? They explained the price thing.
@asareelferrer1439 4 жыл бұрын
I remember every time my parents said “were going to Toys “R” Us tomorrow”, I couldn’t even sleep tte night before 😂🤣😪😢😭
@aaronkullar8558 4 жыл бұрын
Asa Ferrer dude same. My baby brother isn’t even going to know what it feels like. Crazy how the tables turn so fast
@maximuslee5670 4 жыл бұрын
Same.
@chowfun6526 4 жыл бұрын
My parents never took me to ToysRUs. :(
@jimmyjamedwards5967 4 жыл бұрын
As a kid first we had Children's Palace. Then the competitor Toys R Us moved in and put stores within blocks of the Palace stores. Now they are both gone.
@randywhite3947 4 жыл бұрын
Chow Fun me either
@Tedster0 4 жыл бұрын
I was lucky to be able to experience Toys ‘R’ Us when I was younger.
@AYouTubeChannelwithNoName 4 жыл бұрын
Last of a Dying Breed
@JamesNelsonyt 4 жыл бұрын
they are reopening btw
@dajourlivingston27 3 жыл бұрын
Same!
@rayramirez8035 3 жыл бұрын
Me as well
@tonycastro7413 3 жыл бұрын
I went to toys r when i was a infant til it closed...
@Maya-sv1pz 4 жыл бұрын
funny, Toys R Us is one of the most expensive toy store in Asia, never affordable, cannot relate to their slogan
@revx2664 4 жыл бұрын
I think it's due to the fact that most of the Asian parents look at toys with such a high price a waste of money.
@MatthewCobalt 4 жыл бұрын
@@revx2664 Yeah. Also, Think "video games are a waste of time" turned up to 11. The only way I can even play stuff (and justify it to my parents) was through purchasing cheap, pirated copies or just cut the middle man all together. This is for PC gaming, by the way.
@revx2664 4 жыл бұрын
@@MatthewCobalt same for me. Mine also for PC gaming.
@a.s.l711 4 жыл бұрын
for asian, a toy is just toy....no matter brand or not.......unless some fussy westernised one.
@watson7138 4 жыл бұрын
Lol True,getting a standard nerf gun is like my lunch money collected for 2months
@moelester.3775 4 жыл бұрын
Walmart beat a Toy store? Walmart has literally like 3 sections of toys .
@justafricn2704 4 жыл бұрын
Water Sheep “Save money live better” WaLmArT
@PepsiZM 4 жыл бұрын
Actually they have 10 in a half depending on the place you go :/
@OhDearGod48 4 жыл бұрын
I believe it's technically because it was alot more convenient
@zachduperron8543 4 жыл бұрын
Walmart save money live better by having hardly anything
@kurapika9691 4 жыл бұрын
When I was a kid, I worked at Walmart and the majority of the toys being sold were part of the "hot toys" of the season. What I'm saying is that most kids want the same toy, the one their friends have and the ones they see on TV. That's why only 3 sections of toys was enough.
@wavyiann9788 4 жыл бұрын
I’m a 2000s baby and I still loved toys r us it was literally magical I can’t describe it it’s just a special feeling,just being in it’s presence was super amazing
@paullowman9131 Жыл бұрын
I'm all grown, but when I went into the store to buy my nieces toys I have to admit I felt the same thing. 😊
@themissingbracket 4 жыл бұрын
1977: Video games are just a fad 2017: *We underestimated our enemy*
@itsourtubenow9729 4 жыл бұрын
Toys ‘R’ Us is thriving here in the Philippines. The toys aren’t as cheap as local toy stores but its still alive here.
@sillycheese301 4 жыл бұрын
Oh it's still open there? All of the UK ones are shut down.
@eternal_seokjin7441 4 жыл бұрын
Yeah... I still buy most of my collectables there :v Moreover it's christmas season... The store will be filled with people (I shop at the Robinson's Place branch)
@kaimeng8817 4 жыл бұрын
Singapore ones are still here too
@graxie89 4 жыл бұрын
Same in Malaysia
@ionlycommentnosrsly8733 4 жыл бұрын
Copycatz I don’t think in Canada tho.
@rainy_bean8220 4 жыл бұрын
I just realized our kids wouldn't get to experience toys R us
@honeybdream 4 жыл бұрын
It's still in Canada 🇨🇦
@AridChannelOfficialSG 4 жыл бұрын
Unless you go to Singapore
@princessthyemis 4 жыл бұрын
omg. THAT IS SO SAD.
@cabruh667 4 жыл бұрын
ok boomer
@MotorsportCreative 4 жыл бұрын
Pretty sure they wouldn’t care anyways. They got their IPhones 11 Pro.
@fruityabe 4 жыл бұрын
I only went to Toys “R” Us to run around and play with random toys.
@Yous0147 4 жыл бұрын
Hahahah same here kinda. I did go a few times specifically for one specific thing I had set my eyes on, but the few times I was there I did have to try my fair share of toys
@intuitivediane 3 жыл бұрын
Yeah I don’t remember buying a thing 😂😂
@Menntes 4 жыл бұрын
Toys “R” Us is still going strong in Canada, although it’s quite expensive.
@karenr8513 4 жыл бұрын
Menntes lucky
@SYNKarnage 4 жыл бұрын
Going strong... In Canada? What? No they're not! The official stores have all shut down. It's reduced to online services and express locations to pick up your stuff. Canada still has Babies R Us, but traditionally, Canada is where retail goes to die.
@cherryzlol 4 жыл бұрын
The toys r us in new york is also open
@silentcomanche6987 3 жыл бұрын
@@SYNKarnage cause America kills every good thing that happens to it
@evaneditstm5098 3 жыл бұрын
@@SYNKarnage Do you live in Canada?
@rottweiler938 4 жыл бұрын
“They were just kicking the can down the road and eventually the road came to an end and they fell off a cliff” is now my favourite quote
@Mureirza 4 жыл бұрын
ROTTWEILER me too, thanks for writing it out
@cardinalsenpai 4 жыл бұрын
The second i saw this comment they said the exact same quote.
@John-rs7jp 4 жыл бұрын
CardinalSenpai DUDE Same
@drytoiletpaper7807 4 жыл бұрын
@@cardinalsenpai same.
@comradestalin5395 3 жыл бұрын
Cliffjumper is named cliffjumper because he jumps off the cliff
@MissGenie0607 4 жыл бұрын
I don’t know about low prices... Toys ‘r’ us was like a playground I looked at but could never play on. My family couldn’t afford it
@esco5593 4 жыл бұрын
For my family it was like a special occasion
@luv3bud 4 жыл бұрын
SchwiftedBear fr
@couchpotato8782 4 жыл бұрын
Yep
@davidlopez5859 4 жыл бұрын
yea especially some of those lego sets over $80
@KianPatel33 4 жыл бұрын
Oh my gosh I feel so bad for you
@remico8122 4 жыл бұрын
We all just went in their to play while our parents sat down 😂 No one bought nothing
@lil_twins_ 4 жыл бұрын
Bruh that was me with my dad
@benallen2196 2 жыл бұрын
I remember maybe buying like 5 things there in 10 years and it was mostly my grandma who got them
@dnlcast2 4 жыл бұрын
My parents were poor when I was a kid in the late 80's, we never had much. But when a toys r us opened in our city, my mom took us just on a whim. It was truly a magical experience. I was almost breathless as an 8 year old, never knew a store like this existed .
@xSleeper. 4 жыл бұрын
When i was a Kid, my parents Took me to toysrus and there were almost no customers and my parents just were shocked about the prices... I didnt got what i wanted
@eggshells652 4 жыл бұрын
Like_a_Sleeper window shopping was common for me here lol, could play with the toys for like 4 minutes
@fondren001 4 жыл бұрын
Same I was born in 95 and got my Pokémon yellow version from toysRus. Went there once a year for my bday BECAUSE it was so much more expensive. Every time little to no customers. I don’t remember seeing a single kid actually but once or twice..
@officermeowmeowfuzzyface4408 4 жыл бұрын
They're still open in Canada, when I visit I comment loudly to other customers how overpriced everything is. I'll write down prices and find what I'm looking for elsewhere. I make sure staff see me writing down prices, in a suit and tie, on a nice executive notebook. Then walking out without making a purchase. Just like they would do to all mom&pop stores. Hopefully they also go bankrupt. F toysrus.
@mazoolegzi69 4 жыл бұрын
Officer Meow Meow Fuzzyface 😂
@jezzbeary 4 жыл бұрын
*get
@1nePercentJuice 4 жыл бұрын
I remember their Legos were always mad expensive when I was a little kid.
@bigchivo4199 4 жыл бұрын
Everything
@arbaz79 4 жыл бұрын
Legos are still expensive af
@johndowe7003 4 жыл бұрын
Everything was expensive in that fkin store
@hiro0500 4 жыл бұрын
Yup, everything was expensive there
@ChairmanMeow1 4 жыл бұрын
legos have been and will always be expensive cause they're all imported from denmark
@TheCyq 4 жыл бұрын
In Australia they literally had the most expensive toys ever
@bilek294 3 жыл бұрын
@@mffy7669 100$ only for a plastic lightsaber lol
@martinzuniga6605 4 жыл бұрын
Toy'R'us was heaven for kids. I remember my mother taking me there very few times because it was "too expensive". It clearly was, often times you found the same toy in target or Walmart for way lower price
@Peppadank69 4 жыл бұрын
Toys R Us : we gonna make millions selling toys Walmart: am bout to end this mans whole career
@benbyronn 4 жыл бұрын
Omg yesss! 😂😂
@queeniebeanie3196 4 жыл бұрын
Target: hold my beer
@benbyronn 4 жыл бұрын
@@queeniebeanie3196 😂😂
@jujugonzalez195 4 жыл бұрын
@ElTortugaAnime ElTortugaAnime K-mart? I haven't seen a kmart in years!!
@AridChannelOfficialSG 4 жыл бұрын
Asia: i save you toysrus
@teabsv.21 4 жыл бұрын
"i remember kids screaming and crying for the awsome toys on shelves while screaming and begging back then...good times.
@TheBombyExtra 4 жыл бұрын
"How Toys'R'Us Went Bankrupt" *Laughs In Canadian*
@usdd.govontiktok 3 жыл бұрын
Sucks you to be Canadian cuz toys r us will go bankrupt in 2021 *Laughs in Mexican*
@sugercane7213 4 жыл бұрын
I remember when our store closed. They had a "everything must go" sale going on, but it was still so much. Only half the stuff there was on sale, and even then most of it was only 15 or 25% off. The shelves remained full.
@TheNeverposts 4 жыл бұрын
They've should've added services to the company, like run some kind of kid's play area on site
@sudokopanda7677 4 жыл бұрын
red drib yes, something like Chuck E Cheese. They're never empty lol
@sousalty465 4 жыл бұрын
One toys r us at a mall I know actually has an area. I don't remember if I was for playing or drawing, I haven't been there in a while
@psychedelic5263 4 жыл бұрын
red drib , that would cost money to build ( and they closed cuz they were bankrupt :( )
@TheNeverposts 4 жыл бұрын
@@psychedelic5263 you don't know how "should've" works, huh?
@TheNeverposts 4 жыл бұрын
@@sudokopanda7677 that's exactly what I was thinking
@humbertoolivarez4770 4 жыл бұрын
Long story short everything was expensive so no one wanted to buy anything (For those of you in the comments, it's a joke, stop taking things so serious🥱)
@haroldinho9930 4 жыл бұрын
Humberto Olivarez In 2015 or 1993?
@dacypher22 4 жыл бұрын
Sad thing is, that is what the toys should have cost. Like the video said, Wal-Mart was selling all of their toys at a loss just to get parents in the store. That is why the toy section was never near the front of a Wal-Mart.
@panama2468 4 жыл бұрын
Wrong. The price was fine. Bain capital offloaded their huge loan onto toys r us, and forced TRU to pay bonuses, and filed bankruptcy to clear that loan.
@fbgduval 4 жыл бұрын
ain't neva lied
@PatrickMcAsey 4 жыл бұрын
Humberto Olivarez It's much more complicated than that. Stop all this over-simplifying.
@midden8619 4 жыл бұрын
I’m just glad I got to experience this place while it was still in business
@dragonzgaming5056 4 жыл бұрын
Who else got super depressed thinking about their childhood and then seeing their childhood just be taken away as toys r us goes bankrupt.
@tnvrkrsandhu 4 жыл бұрын
My favorite part of Toys ‘R’ US was the train section. I loved the the train tracks they had set up, and I would play with the trains alongside my siblings whenever we went.
@CaptainJeau 4 жыл бұрын
Lady Ruka same
@thet00nedl00n 4 жыл бұрын
choo choo muthaheckas.
@jimmyjamzzz3046 4 жыл бұрын
They didn't go bankrupt the board walked away with millions each. They got robbed...
@jimmyjamzzz3046 4 жыл бұрын
@cpk1994 there was no reason for them to. theyre board members got greedy and shut it down. therefore those board members robbed the workers of what was rightfully theirs.
@jimmyjamzzz3046 4 жыл бұрын
@cpk1994 so the workers didn't deserve a severance package but the people who ran the company into the ground deserve millions? you sound like a corporate socialist.
@jimmyjamzzz3046 4 жыл бұрын
@cpk1994 thats a pretty fancy way of saying the people on the board, that apparently did their job horribly, stole millions from the workers that actually did their job correctly.
@jimmyjamzzz3046 4 жыл бұрын
@cpk1994 you sound like a corporate socialist defending people that run companies out of business for personal profits.
@kekitsu 4 жыл бұрын
2018: We 'R' bankrupt 2020: We 'R' back
@_tablearmy_ 4 жыл бұрын
It's like club penguins
@ABHIJITHVIVEK 3 жыл бұрын
I don't think toys r us can make a comeback in the middle of this pandemic
@ABHIJITHVIVEK 3 жыл бұрын
@@_tablearmy_ the official club penguins was shutdown by disney. The new version was run by private servers illegally using the brand name and there were accusations that pedophiles were on the platform . Eventually Disney stepped in and shutdown these private servers
@verticalflyingb737 4 жыл бұрын
"Toys "R" Us went bankrupt in 2017" Toys "R" Us stores in Asia: *Ping: 1000*
@joedkat 4 жыл бұрын
Did you watch the video? They explained this.
@historycallgeneral1051 4 жыл бұрын
I just can’t believe it’s closed.
@justanotherguywithoutamust5776 4 жыл бұрын
Not Asia though due to different owners
@miguelcajelo2174 4 жыл бұрын
Then go to Canada
@couchpotato8782 4 жыл бұрын
Nobody can
@pigeonsuspicion 4 жыл бұрын
kinganghdhr a it is coming back lol I just saw the video on the news
@KalinMorales 4 жыл бұрын
@@couchpotato8782 How are you going to speak for Everyone?
@aacc8466 4 жыл бұрын
they shot themselves in the face when they exited amazon store.
@ecclairmayo4153 4 жыл бұрын
Yeah that was the nail in the coffin. They overstated their value at that point
@newbells1337 4 жыл бұрын
As a 2000's kid toys are us will forever live on in my heart
@Victoria-so1in 4 жыл бұрын
MarchBloxBoy theone 2000s kid as well!!
@lewisbishop2998 4 жыл бұрын
MarchBloxBoy theone I was born in 2007 does that count?
@newbells1337 4 жыл бұрын
@@lewisbishop2998 to be a 2000's kid you have to be born between 2000 and 2010 so you are good
@unknown-jr3xe 4 жыл бұрын
@MarchBloxBoy theone But to be a 2000’s kid don’t you have to remember being alive in the 2000’s. Since Lewis was born in 2007 he may not remember 2008-2009. I was born 11 days before 2005, early 2000’s but I only remember the late 2000’s. So I’m a late 2000’s kid
@ks5865 4 жыл бұрын
@@newbells1337 No that's 2010s kid. 2000s kid was being a KID in the 2000s not a baby. So 90s babies are 2000s kids.
@burikinodance 4 жыл бұрын
In the UK Toys 'R' Us it cost me a tenner to buy a small fidget cube
@LemystereManCarloc 4 жыл бұрын
Fond memories of the Times Square Ferris Wheel store.
@SnowFoxParty 4 жыл бұрын
Same...I remember when they removed the t rex from the NYC store
@andreamoscoso4065 4 жыл бұрын
Same
@ihatelittlekids4453 4 жыл бұрын
Lemystere Man Carlo c must be nice to be rich
@extra_ice_girl 4 жыл бұрын
That place was a tourist attraction in itself. The ferris wheel, T-rex, Transformers. It was awesome.
@muqaddirnafi3600 4 жыл бұрын
I never got to go on the Ferris wheel 😭
@ma.jamelakate3215 4 жыл бұрын
Theres still toys “R” us in other countries
@appleberrypie5078 4 жыл бұрын
jamjam kate 🤦♀️
@ChairmanMeow1 4 жыл бұрын
in other countries where amazon doesn't have a foothold*
@user-cx9bt5jf2i 4 жыл бұрын
jamjam kate like one Canada
@kefireq4211 4 жыл бұрын
There are still open in Poland
@coolspot18 4 жыл бұрын
@@ChairmanMeow1 No, Toys R Us is doing well in Canada, they kept the stores in better condition up here and have decent sales. Amazon is here too, but it's not the same for kids to browse online vs a toy store store.
@heavenly_10713 2 жыл бұрын
Toys "R" Us brought me so many memories. 10 years ago I fell in LOVE with Toys "R" Us. Even now when im 15, I still miss it ):
@ohsnap1454 4 жыл бұрын
The Toys R Us in NYC Time Square was phenomenal! It was huge,had a Ferris wheel,a dino from Jurassic Park,a awesome LEGO section, a beautiful Barbie House,it was amazing being a NY kid from the 2000s :')
@MercenaryBlackWaterz 4 жыл бұрын
They were gonna get their severance money then SOULLESS Asset Management stepped in...
@marcelsilva7693 4 жыл бұрын
.....affiliated with their sister co Hartless
@zammmerjammer 4 жыл бұрын
The hedge fund that bought up their debt is called Solus, pronounced "Soulless" Very on the nose, guys.
@panama2468 4 жыл бұрын
Yep
@opismagnum3224 4 жыл бұрын
3:07 is no one going to say how this guy looks like Voldemort
@poohslosteyes264 4 жыл бұрын
It's simple: kids want ipads and phones now, not action figures
@kcideseehcbutsdrawkcab8334 4 жыл бұрын
Not really, it was the price, TRUST ME
@3kaj624 4 жыл бұрын
i feel like more kids would play with toys if an ipad wasn't cheaper in the long run
@ryodwat8265 4 жыл бұрын
@Lasna34 I have Netflix and I like Netflix because when I eat Netflix it tastes like Netflix
@artachi2173 4 жыл бұрын
ok boomer
@BetaMinusDecay 4 жыл бұрын
I want transformers tho...
@tukaluna5576 4 жыл бұрын
Im kinda glad now that my parents always said No to whenever I wanted to go there when I was younger, that helped teach me about never spending on overpriced stuff
@I_WANT_MY_SLAW 4 жыл бұрын
Kinda like how Donald Trump doesn't pay his taxes.
@poop143 4 жыл бұрын
Ok boomer
@tukaluna5576 4 жыл бұрын
Bruh Im 20 lol Im not from that Era
@couchpotato8782 4 жыл бұрын
@@poop143 im confused,am i the only gen z person thats knows toys r us
@JTB128650 4 жыл бұрын
i like birbs majority of boomer generation is mad cocky. They ain’t playing 1,000 to 5,000 for a apartment. Back then everything was cheap and livable. I got to spend 150-250 for food. It’s ridiculous.
@auntielizzette2017 4 жыл бұрын
Gaddamn I remember my parents convincing me we’re billionaires and the toys at toysrus were super expensive
@user-ti2xi9bd4u 4 жыл бұрын
For the 80s and 90s: “Toys R us “ For the 00s and 10s:” Apple”
@cheeseburgercake7193 2 жыл бұрын
That's a lie. in the 00s and 10s everyone went to toys r us
@Alagathevictor 4 жыл бұрын
I remember going to toy stores in the 1990s, and my mum buying a toy for me and my sister. It was magic. I can´t believe it´s gone this way and kids of today may not get this experience
@angiebyars5030 4 жыл бұрын
“Solus” kind of sounds like soulless
@sofya3033 4 жыл бұрын
Rachael
@Kayehardy 4 жыл бұрын
fits with their business model
@zachsteiner 4 жыл бұрын
Glad someone brought that up lol
@DominoCricket 4 жыл бұрын
Shout outs to all the employees that got screwed over by this, yall made the Toys R Us experience magical for every kid who entered!
@staringcorgi6475 Жыл бұрын
It was bc 3 companys made them fail if they had the money to buy they’d still be open
@kenfaganjr.7357 2 ай бұрын
This story makes me sad. As a young boy I loved this store. These stores are important to help children dream and foster their creativity. My favorite toy store!
@lisacollins6430 4 жыл бұрын
The real reason toys r us went out of business is because we all grew up
@joshuayoutube8346 2 жыл бұрын
No
@ace-4634 4 жыл бұрын
I remember going to the Toys R Us near some mall and I’d just look around and I was always so amazed by how big it was.
@mparryuk52 4 жыл бұрын
Yes they're gone and some investors' got extremely rich but their prices were way too high in the UK for the last 8 or so years and my local store was confusingly laid out.
@SaraSantos_01 4 жыл бұрын
It was one of my favorite stores when I was a kid, it was expensive though. But I remember being so excited to go there just to see the toys. My heart cried knowing that one of the places I liked as a kid and were part of my memories was going to close and I would probably never be able to go to a ToysRus again. ;(
@jmontgomery1178 4 жыл бұрын
In the early nineties I stocked their shelves during the Christmas rush--you wouldn't believe how many shelves were emptied everyday. We would put out pallet after pallet every night, and still, the toys were flying off the shelves. Crazy.
@rogofos 4 жыл бұрын
8:14 "Soulless"
@vasiovasio 4 жыл бұрын
Да точно :)
@1stnamelastname129 4 жыл бұрын
Man Toys R Us brings back memories. Who remembers K B Toy Stores?
@randomthingsidk3219 4 жыл бұрын
Im a 2008 kid and I loved that store so much. I cried so so so so SOOO much when I found out it was closing :( I really hope they come back
@strip4ruben92 4 жыл бұрын
If the toys weren't expensive asf they would still be open todsy
@hankbridges5055 4 жыл бұрын
Razer If they went on-line like Wal-Mart, they might be in business.
@yaboysal6292 4 жыл бұрын
The toys they sold were a little bit more expensive than walmarts toys, for example a apollo nerf rival was $20 and at toys R us i saw it for like $30 (don't remember the exact price, just know it was more).
@fmthebaron 4 жыл бұрын
@@yaboysal6292 they were way more expensive than Walmart. Walmart is the cheapest and that's why they're #1.
@yaboysal6292 4 жыл бұрын
Yep
@TET2005 4 жыл бұрын
It just tells that no business model will last forever... need to evolve and make good decision to survive and thrive.
@g3neralcross911 4 жыл бұрын
At least their yu gi oh cards selection was god tier’s
@tidalwaveprincess917 4 жыл бұрын
They should have made smaller stores but have them near groceries stores, the only reason Walmart outdid them is because it was convenient to get toys while doing your normal shopping
@blue8220 4 жыл бұрын
I honestly don’t see why they just didn’t lower the prices??
@turtlebutt711 4 жыл бұрын
Loans
@vel6979 4 жыл бұрын
Talkinglegodude the Georgie Daddy actually if they went cheaper they would have more customers, this making more money.
@tybooskie 4 жыл бұрын
@Talkinglegodude the Georgie Daddy Their products were more expensive because they didn't have loss leaders to fall back on. Amazon survived fro so long because of it's cloud services business. Grocery stores are notorious for this. Sandwich bread maybe priced below value but they are making money from sandwich meat. Toys R US could not survive on that model. Debt or no debt; they simply could not lower their prices to match box stores because box stores were pricing below cost.
@ispartacus1337 4 жыл бұрын
@@tybooskie yes, you nailed it. Idk what the other commenters are talking about. They're just guessing and acting like its fact.
@tandraarisandi6680 4 жыл бұрын
Its was because of walmart that sell they toys at a loss and if toy r us make it lower its just make them make a lot of debt just for staying alive a little longer with a bigger debt
@alonezlciel 4 жыл бұрын
I felt bad until the last part when they said about Tru Kid. This is corporate strategy to layoff people and restructuring the debt as usual.
@summertime69 4 жыл бұрын
We should ask where Toy r us 's debt came from. It was bought by hedge fund managers who bought it on credit, then made the loans payable by Toys r Us. Their debt was the debt of their owners for buying it. As the video says, the debt made it so TRU couldnt invest in their internet store or other long term strategies.
@jodirex4639 4 жыл бұрын
The initial debt wasnt really debt but equity, the punch came when toys r us didnt look profitable so the equity actually became liability.
@ShyLuna44 4 жыл бұрын
I’ve been shopping at toys r us my entire life, I’m 40! Toys for myself and my brothers as a kid, bought tons of toys for my nephew all from toys r us and once he was too old we still went there to look at stuff, legos, games... I don’t shop for toys online and Walmart doesn’t have much of a selection. I’m glad my city still has toys r us cause your really never too old to look for toys!
@orangejuice1869 4 жыл бұрын
*They’ve still got Toys R Us where I live.*
@alexanderlopez8233 4 жыл бұрын
Where
@Skelyboss 4 жыл бұрын
@@alexanderlopez8233 probably canada
@xiimoonlight_5586 4 жыл бұрын
Old Sport lier
@manwhodances7552 4 жыл бұрын
Lucky
@stikbotanimated2396 4 жыл бұрын
In Canada we Gucci tru is alive
@borderhpper 4 жыл бұрын
I feel bad for my young cousin who never got to experience the joy of entering a toy store like Toys “R” Us
@empireStyle 4 жыл бұрын
In the 80s i always wanted to go to toys R us but my dad always told me that was for rich people, we never went
@user-fn9os7gp4w 4 жыл бұрын
Great story from the Wall Street Journal KZfaq Channel. Thank you very much.
@clovisthegreat7078 4 жыл бұрын
Solus = “soulless”, huh?
@sweiland75 4 жыл бұрын
"I'm not going to have health insurance" American problems.
@Jake-rc4ws 4 жыл бұрын
“I pay for low quality healthcare through my taxes” Universal healthcare problems.
@ChrisGilliamOffGrid 4 жыл бұрын
@@Jake-rc4ws Most people don't want to pay their own way in this world, always looking for something to be "free."
@user-cx9bt5jf2i 4 жыл бұрын
Jake “I’m going to die of a mass shooting” American Problems
@marciaosullivan3200 4 жыл бұрын
@@user-cx9bt5jf2i I'm going to be bombed and raped by Islamic fundamentalist
@Jake-rc4ws 4 жыл бұрын
123 “I’m going to die because I can’t own a gun to defend myself with” European problems
@CODmontages110 4 жыл бұрын
I remember in the early 2000s going to Toys R Us, begging my parents for a GBA and actually getting one. I always wanted the Spongebob GBA, which I will get one day.
@themongrel930 4 жыл бұрын
Man I remember walking in Toys R Us and going through the aisle and just looking at all the toys.
@cjkuromorimine4611 4 жыл бұрын
Your kidding right Toys’r’us is still booming in my country And Shakeys Pizza Cause this is the Philippines 50 years behind
@michaelargabright8512 4 жыл бұрын
The toy r us at 1:03 Is deadass like 30 seconds from my house
@oddurkrummimagnusson7141 4 жыл бұрын
Michael Argabright cool
@xinel4576 4 жыл бұрын
I was close to one that looked just like it
@thyliz 4 жыл бұрын
I seen it somewhere before too-
@trevorthefilthyrat3742 4 жыл бұрын
Don't forget the declining birthrates. Having a child is very expensive in this economy.
@jackson5116 4 жыл бұрын
which is funny, because their Babies R Us band is what kept them afloat at the end!
@connordrake5713 4 жыл бұрын
Don't forget abortion. It's a main cause of low birthrates. 🙄🙄🙄
@Ruben-lf1jc 4 жыл бұрын
No, everybody just wants to be single nowadays
@katiatannus3146 4 жыл бұрын
But don't forget that going childfree isn't a new thing, it's been happening since God created man and woman
@dimly2002 4 жыл бұрын
Ruben don’t blame them
@jaylinmsmith 4 жыл бұрын
I only went to Toys R Us once in my entire life (I’m 14 now). My parents got all my toys at Walmart. My parents always told me that Toys R Us is too expensive and u can get the same toy at Walmart for a cheaper price. And plus there wasn’t a Toys R Us near where I live.
@ninikisses5546 4 жыл бұрын
I remember going to New York 4 times a year just To ride the indoor Ferris Wheel and go in the Wonka candy land I literally cried when it shut down
@masonmoore7636 4 жыл бұрын
that music is giving me hardcore "Mr Monokuma's Lesson" vibes
@AlexTheFishEnjoyer 4 жыл бұрын
the people who have the ToysRus/Jeffery thing will never hold up to how nice the original really was!
@Gunngirl 4 жыл бұрын
I miss Toys ‘R’ Us and Suncoast. The only brick and mortar stores to find cheaper collectibles. And Kaybee toys. I miss them.
@minty8429 8 ай бұрын
I feel bad for anyone who never experienced Toys R Us as a kid
@wakidkhan1443 4 жыл бұрын
Man, so many childhood memories with this place.
@sademokidlofimusic2466 4 жыл бұрын
Hopefully it'll come back.
@RC.41 4 жыл бұрын
I have that diecast truck, it shows Geoffrey’s family (wife giraffe & 2 kids)
@firstlast9731 2 жыл бұрын
Brings back memories
@clayc9221 4 жыл бұрын
those kids are all grown up now makes the ending feel eerie
@paulkelly7896 4 жыл бұрын
It’s still trading over here as Toy R Us in the Middle East, lol - I think you need to tell them it’s bankrupt
@alang9480 4 жыл бұрын
I think it's still alive in Canada too. Some company bought them out there.
@SonicSP 4 жыл бұрын
Also still alive in Malaysia here. I think only a few countries like US and UK shut down. Never saw any changes that I could tell.
@ElkaPME 4 жыл бұрын
Ye, the bankruptcy only occured in the US & UK. There is still a chance with the franchise, I mean there was a former US convenience store chain (Lawson) that's pretty popular in _Japan_ and it's planned to recover what they've lost back in the US by opening in Hawaii 1st.
@jakeyplayz9352 4 жыл бұрын
@@ElkaPME ,
@davidishola4973 4 жыл бұрын
Still pretty much alive here in Nigeria also
@Mhadyourfriend 4 жыл бұрын
It’s very sad when people lose their jobs, businesses have to treat their employees like a family, not like disposable unnecessary things
@joshn2342323 4 жыл бұрын
happens every day.
@firstlast1357 4 жыл бұрын
Business is Not Family. Family is Not business. People who don’t understand these basic truths should not be in business.
@dolphinbeta514 4 жыл бұрын
iPads
@danielbuezo9910 Жыл бұрын
I remember going to Toys R Us on Black Friday to buy a Gameboy Advanced SP. magical.
@bobbythelion6879 4 жыл бұрын
Bro I'm glad I grew up with toys from their I remember running up and down the aisles being so happy but know I feel bad for the kids that won't get to experience the place I love that play R.I.P you will be missed
@syrelilac 4 жыл бұрын
idk why i’m watching this instead of studying
@angelkingsley5299 4 жыл бұрын
sirène me
@kevray 4 жыл бұрын
Almost everytime my parents took me to Toys R us they never bought me anything. So expensive. I like how they had quality products though
@ImJustJAG 4 жыл бұрын
Too much nostalgia... I remember going Christmas shopping on Black Friday with my mom.
@sonichuizcool7445 4 жыл бұрын
Toys R us was so magical as a kid.... Getting my NES games was memorable.
@JTforItaly 4 жыл бұрын
Lol, in the end many of those kids never did grow up.
@stonedcyclist6392 4 жыл бұрын
ok boomer
@howtobebasic2122 4 жыл бұрын
the local toys r us store nearby me Closed over a year ago and it's now abandoned and there's still UNSOLD IDEMS LEFT INSIDE!!!!
@tay2944 4 жыл бұрын
I worked here a year before they closed and no one came in EVER
@bleach5980 4 жыл бұрын
I remember going to the stores in tampines in singapore taking a look at those gundams it sold. Back then it was around 2009, 2010, and 2011 it feels so long ago i have not visited that place in 8 years