Toys R Us to close down completely

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Pete
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Toys R Us to close down completely

Post by Pete » Thu Mar 15, 2018 7:48 am

End of an era
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"If you can keep your head when all about you are losing theirs and blaming it on you"............Rudyard Kipling

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brookboy123
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Re: Toys R Us to close down completely

Post by brookboy123 » Thu Mar 15, 2018 8:08 am

Pete wrote:
Thu Mar 15, 2018 7:48 am
End of an era
Use those gift cards...........today.
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Pete
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Re: Toys R Us to close down completely

Post by Pete » Thu Mar 15, 2018 8:26 am

Since the rise of mass merchants like Walmart, Target and Amazon, however, Toys "R" Us has lost much of its share of the toy market, and fell behind Walmart in toy sales for 1998.[22]

To improve the company, the board of directors installed John Eyler (formerly of FAO Schwarz). Eyler launched an unsuccessful, expensive plan to remodel and re-launch the chain. Blaming market pressures (primarily competition from Walmart and Target), Toys "R" Us considered splitting its toy and baby businesses.....wiki
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evilconempire
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Re: Toys R Us to close down completely

Post by evilconempire » Thu Mar 15, 2018 8:54 am

They had major problems before the online shopping boom began and before other big-box chains started stealing market share. Those problems were a big reason why they lost market share.

http://money.cnn.com/2018/03/15/news/co ... index.html
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