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Thread: Toys R Us administrator has announced windup

  1. #51
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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?

  2. #52
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    9th Apr 2008
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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.

  3. #53
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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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  4. #54
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    15th Aug 2014
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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..

  5. #55
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    7th Mar 2008
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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.

  6. #56
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    27th Dec 2007
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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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