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Money If Toys R Us goes away, where will shoppers go?

15:11  12 march  2018
15:11  12 march  2018 Source:   usatoday.com

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Toys R Us may be on the verge of liquidating. So where does that leave parents used to going there after the big game? Amazon, Walmart and Target, which were already peeling away so many of Toys R Us ' shoppers , are likely to become the prime alternatives if Toys R Us completely exits the

Toys R Us may be on the verge of liquidating. So where does that leave parents used to going there after the big game? Amazon, Walmart and Target, which were already peeling away so many of Toys R Us ' shoppers , are likely to become the prime alternatives if Toys R Us completely exits the.

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For generations of parents, Toys R Us was the go-to spot to reward a child after scoring the winning soccer goal or to find the hot plaything at holiday time.

Toys R Us Canada carries on as usual

  Toys R Us Canada carries on as usual TORONTO - Toys R Us Canada says it's business as usual amid reports that the retailer's U.S. counterpart is preparing to liquidate operations in the United States. The Canadian retailer says it has no information or comment about various media reports that say Toys R Us is making preparations to close all of its U.S. stores. The U.S. and Canadian divisions of Toys R Us have been under court protection from creditors since September. Media reports The Canadian retailer says it has no information or comment about various media reports that say Toys R Us is making preparations to close all of its U.S. stores.

For generations of parents, Toys R Us was the go -to destination to reward a child after scoring the winning soccer goal or to track down the hot plaything for the One thing shoppers shouldn't fear is prices spiking if Toys R Us disappears. The store chain has often been more expensive than its rivals.

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But if the superstore chain doesn't find a buyer or get a last minute reprieve, Toys R Us is expected to file for Chapter 7 bankruptcy liquidation next week. And that means many parents and kids alike will have to head elsewhere.

The truth is, many already have. The original big box toy seller had in recent years fallen behind Amazon and Walmart when it came to being the top destination for families seeking out games and gadgets. And Target has been hard on its heels.

More: Toys R Us timeline: History of the nation's top toy chain

More: Toys R Us preparing for liquidation, sources say

More: How Chapter 7 liquidation works: Toys R Us preps going-out-of-business sales

"The on-going sales declines at Toys R Us suggest consumers find other options viable,'' says Greg Portell, lead partner in the retail practice of A.T. Kearney, a global strategy and management consulting firm.   

Toymaker Trying to Rally Industry to Bid on Toys ‘R’ Us Canada

  Toymaker Trying to Rally Industry to Bid on Toys ‘R’ Us Canada MGA Entertainment Inc. is trying to organize a group of fellow toymakers to make a bid for the Canadian operations of Toys “R” Us Inc., the industry giant that appears to be headed toward liquidation. define("homepageFinanceIndices", ["c.deferred"], function () { var quotesInArticleFormCode = "PRMQAP"; var config = {}; config.indexdetailsurl = "/en-ca/money/indexdetails"; config.stockdetailsurl = "/en-ca/money/stockdetails"; config.funddetailsurl = "/en-ca/money/funddetails"; config.etfdetailsurl = "/en-ca/money/etfdetails"; config.recentquotesurl = "/en-ca/money/getrecentquotes"; config.

That's why Toys R Us is going away in the first place.

Toys R Us may be on the verge of liquidating. So where does that leave parents used to going there after the big game?But if the superstore chain doesn't find a buyer or get Toys " R " Us is liquidating assets in the U . S . but many offers have emerged to possibly buy some or all of the chain in Canada .

Still, the disappearance of Toys R Us, an $11 billion retailer, would be felt.  "Toys R Us is certainly the retailer of choice for a lot of consumers,'' Portell says. "If it happens, this shouldn't be viewed as an inconsequential liquidation. If the typical toy purchase is $100, we are talking about over 100 million purchase occasions that will move. Shoppers will notice.'' 

Amazon, Walmart and Target who were already peeling away so many of Toys R Us's shoppers are likely to become prime shopping destinations if Toys R Us completely exits the scene. But it's less clear whether any other retailer can become the sentimental favorite that Toys R Us was for so long.

"Your child had a great report card and you would take them to Toys R Us and get them a gift,'' asks Jim Silver, editor of the toy review website TTPM, and a veteran toy expert who has followed Toys R Us for more than 30 years. "They had a great soccer match, you take them to Toys R Us. Where are you going to take them to pick out that gift?”

Toys 'R' Us will likely shut all U.S. stores, risking 33,000 jobs: WSJ

  Toys 'R' Us will likely shut all U.S. stores, risking 33,000 jobs: WSJ Iconic toy store chain Toys 'R' Us Inc will sell or close all its U.S. stores in the coming months, risking up to 33,000 jobs, the Wall Street Journal reported on Wednesday. define("homepageFinanceIndices", ["c.deferred"], function () { var quotesInArticleFormCode = "PRMQAP"; var config = {}; config.indexdetailsurl = "/en-ca/money/indexdetails"; config.stockdetailsurl = "/en-ca/money/stockdetails"; config.funddetailsurl = "/en-ca/money/funddetails"; config.etfdetailsurl = "/en-ca/money/etfdetails"; config.recentquotesurl = "/en-ca/money/getrecentquotes"; config.

Toys R Us , the toy superstore that became a dream factory for kids nationwide, said in a U . S . Bankruptcy Court filing Thursday that it must liquidate, a move that would close 735 stores, leave 33,000 people without jobs and wrap up a More: If Toys R Us goes away , where will shoppers go ?

USA TODAY • Farewell Toys R Us , We Will Miss You Forbes Full coverage from Business - Google News

One thing shoppers shouldn't fear is prices spiking if Toys R Us disappears. The store chain has often been more expensive than its rivals, since Walmart, Amazon and Target often offered toys at steep discounts to entice shoppers who would then scoop up their other, higher-priced products.

That's not been an option for Toys R Us since toys are its bread and butter.

"There is so much competition among other toys retailers,'' says Neil Saunders, managing director of retail consultancy GlobalData. "As most products and brands can be easily compared across retailers, price will remain an important factor in driving . . . loyalty.''

Other players are waiting in the wings. Kohl’s and J.C. Penney have been expanding their toy departments in anticipation of more Toys R Us store closings, and party chain Party City, which recently hired former Toys R Us vice president Jamie Uitdenhowen, is also expected to beef up its toy offerings, Silver said.

There's also a chance that a new chain of toy stores could move into the U.S. from abroad if Toys R Us departs, Silver says.

And while they wouldn't be able to establish a national or global footprint on par with Toys R Us, smaller businesses could carve out a niche in local communities or even online.

"Similar to the resurgence of local book stores, there are great opportunities for sharply curated local options,'' says Portell. "Consumers enjoy high touch, personal experiences.  Local toy stores are increasingly providing that option.''

'WE'RE GOING TO SAVE THE TOY INDUSTRY': KB Toys owner plots return as age-old rival Toys R Us goes out of business .
KB Toys, the defunct rival of Toys R Us, went bankrupt in 2009. Strategic Marks, which acquired the KB Toys trademark in 2016, is now plotting to revive the toy store.As Toys R Us, the largest toy store chain in America, prepares to close up shop, an old rival could be reborn to take its place.

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