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  #51  
Old 16th July 2018, 09:19 PM
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shockNwave shockNwave is offline
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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?
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  #52  
Old 16th July 2018, 09:25 PM
Autocon Autocon is offline
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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.
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  #53  
Old 17th July 2018, 01:15 PM
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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.
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  #54  
Old 17th July 2018, 01:36 PM
Thurmus Thurmus is offline
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Agreed. They may also at some point decide to sell the rest via an auction site or clearing house. Like OzBargains or Mighty Ape..
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  #55  
Old 18th July 2018, 12:41 PM
zzyss zzyss is offline
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Quote:
Originally Posted by Firestorm View Post
How come some stores are already closing whilst others are still going a bit longer?
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.
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  #56  
Old 18th July 2018, 07:21 PM
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Quote:
Originally Posted by zzyss View Post
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).
Probably the second bit. The administrator would be negotiating those break dates. I don't think the leases all end this month, somehow.
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