Toys R Us administrator has announced windup

[dirge]

Toys R Us administrator has announced they couldn't find a buyer.

Article doesn't give a specific date.

While this is, of course, sad for the staff members. I do wonder if this means the independents / Toyworlds that are all but absent from much of Sydney can make a comeback?

[ChlorHex]

https://www.sbs.com.au/news/australi...tores-to-close

Until the 5th of July for vouchers to be redeemed and all that.
Sad day for Australian retail
I do find it bizarre that pricing still remains rather high for products during the administration phase.
Just prior to administration, there was some panic and some products like the SW Poe helmets were going cheap.
Then in administration they bumped up prices again and then offered a discount that still kept the product in a relatively non sale price.
Anyway......

[MV75]

I was just watching a video on a guy going into a closing tru and looking at all the starwars landfill toys that are still dominating the shelves. I suspect a similar situation here. I'd link it, but it does have language so I won't.

[MEEEGGGAAATTTRRROOONNN!!!]

I was just watching a video on a guy going into a closing tru and looking at all the starwars landfill toys that are still dominating the shelves. I suspect a similar situation here. I'd link it, but it does have language so I won't.

LOL! I just watched the same video!

All those Rose Ticos...

[Other]

https://www.sbs.com.au/news/australi...tores-to-close

Until the 5th of July for vouchers to be redeemed and all that.
Sad day for Australian retail
I do find it bizarre that pricing still remains rather high for products during the administration phase.
Just prior to administration, there was some panic and some products like the SW Poe helmets were going cheap.
Then in administration they bumped up prices again and then offered a discount that still kept the product in a relatively non sale price.
Anyway......

Part of being administration is trying to make as much money back on existing assets as possible to pay off creditors. The lower prices the less creditors you can pay so prices get raised and discounts get reset in order to bring in as much money as possible. Over time they'll ratchet up the discounts again to sell off more and more leftover stock with the goal of having nothing left and eventually even start selling off fixtures and other parts of the store, when they say everything must go they mean it.

[MV75]

LOL! I just watched the same video!

All those Rose Ticos...

And when people would rather buy used garbage cans.

[SMHFConvoy]

And when people would rather buy used garbage cans.

Man, that's unnecessarily harsh.

[SMHFConvoy]

Toys R Us administrator has announced they couldn't find a buyer.

Article doesn't give a specific date.

While this is, of course, sad for the staff members. I do wonder if this means the independents / Toyworlds that are all but absent from much of Sydney can make a comeback?

Toymate seems to be opening more boutique stores, one opened in Merrylands last week.

[ChlorHex]

Just FYI... from tomorrow onwards, TRU won't practice price matching.

[DaptoDog]

Just FYI... from tomorrow onwards, TRU won't practice price matching.

Noted, though I expect they will be cheapest in the market anyway for many products if they want to clear everything in a timely fashion.