Page 1 of 6 12345 ... LastLast
Results 1 to 10 of 56

Thread: Toys R Us administrator has announced windup

  1. #1
    Join Date
    27th Dec 2007
    Location
    Sydney
    Posts
    6,459

    Default Toys R Us administrator has announced windup

    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?


    Eagerly waiting for Masterpiece Meister

  2. #2
    Join Date
    10th May 2008
    Location
    WA
    Posts
    1,388

    Default

    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......

  3. #3
    MV75's Avatar
    MV75 is offline Rank 6 - Dedicated Member
    Join Date
    27th Dec 2007
    Location
    Brisbane, QLD
    Posts
    2,879

    Default

    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.
    Code:
    O o 
      _
     / --------------------------------
    |      IMMA FIRIN MA LAZAR!!!
     \_--------------------------------

  4. #4
    Join Date
    29th Oct 2015
    Location
    Sydney
    Posts
    2,024

    Default

    Quote Originally Posted by MV75 View Post
    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...

  5. #5
    Other is offline Rank 6 - Dedicated Member
    Join Date
    8th Feb 2014
    Location
    Seaford
    Posts
    356

    Default

    Quote Originally Posted by ChlorHex View Post
    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.

  6. #6
    MV75's Avatar
    MV75 is offline Rank 6 - Dedicated Member
    Join Date
    27th Dec 2007
    Location
    Brisbane, QLD
    Posts
    2,879

    Default

    Quote Originally Posted by MEEEGGGAAATTTRRROOONNN!!! View Post
    LOL! I just watched the same video!

    All those Rose Ticos...
    And when people would rather buy used garbage cans.
    Code:
    O o 
      _
     / --------------------------------
    |      IMMA FIRIN MA LAZAR!!!
     \_--------------------------------

  7. #7
    Join Date
    28th Feb 2009
    Location
    Katoomba
    Posts
    2,510

    Default

    Quote Originally Posted by MV75 View Post
    And when people would rather buy used garbage cans.
    Man, that's unnecessarily harsh.

  8. #8
    Join Date
    28th Feb 2009
    Location
    Katoomba
    Posts
    2,510

    Default

    Quote Originally Posted by dirge View Post
    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.

  9. #9
    Join Date
    10th May 2008
    Location
    WA
    Posts
    1,388

    Default

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

  10. #10
    Join Date
    23rd Sep 2014
    Location
    Wollongong
    Posts
    2,217

    Default

    Quote Originally Posted by ChlorHex View Post
    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.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •