As I recall Toyworld was huge in the 80's but then scaled down. So this is the complete end for TRU even in America? Or just a massive scaling down?
As I recall Toyworld was huge in the 80's but then scaled down. So this is the complete end for TRU even in America? Or just a massive scaling down?
I was talking to the girl at toys r us morley who said they close on the 22nd. I saw a worker stacking stock on a trolley lift thing. I think they may sell stock to other stores to recoup money rather than leave items to go on sale.
it's pretty standard practice to gradually consolidate stock to a few more popular stores towards the end of a liquidation like this. At least, I've observed that before. it reduces their staff overheads and gives them time to vacate a lot of the retail space as early as possible.
Agreed. They may also at some point decide to sell the rest via an auction site or clearing house. Like OzBargains or Mighty Ape..
Retail leases. Usually they'd have a lease contract up to a certain point, or otherwise they negotiate some kind of exit date at a natural break point (e.g. end of the last month that they were paid up until).
Maybe some landlords will just leave them be until they secure a new tenant, but some of them will probably also be creditors, so they'd want to mitigate their losses.