The popular
toy chain retailer, Toys» R'Us is shutting down 100 of its UK stores according to SkyNews.
Not exact matches
toys, announced on Thursday that he and some affiliated investors were seeking $ 800 million from
toy lovers in hopes of acquiring «all or some» of
Toy «R» Us's assets, thus «saving the
retail chain and preserving the
Toys «R» Us experience for future generations.
Toys «R» Us Inc, the largest U.S.
toy store
chain, filed for bankruptcy protection on Monday, the latest sign of turmoil in the
retail industry caught in a vice-like grip of online shopping and discount
chains.
The
chain, which filed for bankruptcy protection, has been unable to find a buyer or restructure its debt, but is still a major
retailer of
toys.
Department store
chains Kmart, BIG W and Target and specialty
toy retailers are likely to be the biggest beneficiaries of the collapse of Toys «R» Us.
The remaining
retail book
chains continue their slow decline (and move into
toys and games).
The spiraling health of the country's premier
toy store
chain provides some tough lessons that every specialty
retailer should heed.
Although debt had a clear role in the declining health of Toys «R» Us, I think another big — and probably somewhat related — problem that the
toy chain had was that it never did a very good job differentiating itself from its mass
retail and ecommerce competitors.
Pet specialty
retailers can gain some valuable lessons from the
toy chain, which has fallen on hard times.
Apparel and accessories
chains including J. Crew Group Inc., Claire's Stores Inc., Nine West Holdings Inc. are already on creditors» radar because, like the
toy retailer, they have large debt loads, looming maturities, and weakening results that could force a restructuring at some point.
Even if the index itself has relatively little exposure to Toys «R» Us, the closing of the biggest
chain of
toy superstores is most definitely a negative for the
retail industry and a signal that things could get worse for the brick - and - mortar crowd.