Wow, that was a bit of a sad surprise to read about, especially when viewed from a local perspective, the TRU locations around here have never given me the impression that they were struggling. Inventory was usually plentiful, the period of time it took to replenish stock seemed pretty average, and traffic has usually been consistent as far as I could tell. In contrast, TRU has never reached the ghost town level of business or lack of stock the way Sears has degraded to be now currently, or the way Zellers went out, or how mismanaged Target Canada was.
That said, it was initially hard to say if this article is limited just to the US market or not but a little bit of research into their financial reports will show their numbers do indeed consolidate both domestic and international production results.
From
their corporate site (not their web store), "Today, merchandise is sold in 880 Toys“R”Us and Babies“R”Us stores in the United States, Puerto Rico and Guam, and in more than 780 international stores and more than 245 licensed stores in 37 countries and jurisdictions."
With just a little under an hour digging around their financial records and comparing quarterly results over the last 3 or 4 years, it's not the first time they've been in this much debt and really, I think the real story might be just that they want some financial advice as to how to better manage their debt as they haven't seemed to make much progress digging out of that $400M hole for a few years now. They only seem to just be able to hold it steady enough from growing much larger. I think it would be best to wait for Q3 results to be announced on Sep.26th before anyone should have any real cause for concern.
Quote:
Originally Posted by Ironwave
I won't be surprised if Walmart closes in a few years, it's always under staff. Every time I go to a Walmart, it's a challenge to find a clerk and it takes me 30 to 40 mins to find one, like I have only that to do all day.
|
Quote:
Originally Posted by Dark Rage
Walmart is far from ever going bankrupt. Them being understaffed is one of the reasons they're so profitable. I'm sure their employees get minimum or closer to minimum wage, some of them aren't really that bright.
|
Quote:
Originally Posted by Sureshot22
Yup. There is no chance Wal-Mart is going to go bankrupt. Not in my lifetime anyhow. They make money big-time even if they didn't sell toys at all.
|
+3. Hell-mart isn't going away anytime soon at all. Love them or hate them, you can't deny that they do a pretty good job with their min-max ratio.
