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07-29-2021, 07:52 PM
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#2191
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Re: ToysRUs.ca Transformers Sightings and discussion
Quote:
Originally Posted by delrue
Toys R Us closing in the US was a deliberate attempt by the shareholders to tank the company and walk away with a big payout. Had nothing to do with the company itself and how the stores were run.
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Correct. Listen to delrue, people!
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07-29-2021, 11:08 PM
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#2192
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Location: Peterborough Area
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Re: ToysRUs.ca Transformers Sightings and discussion
Quote:
Originally Posted by delrue
Toys R Us closing in the US was a deliberate attempt by the shareholders to tank the company and walk away with a big payout. Had nothing to do with the company itself and how the stores were run.
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Here, here and it’s true, oh it’s damn true!
There was an article I read when the U.S stores closed how it was actually a profitable company at one point with between $400 to $600 million in sales annually that was saddled with debt and loans against it to liquidate the cash out of the company. By the end they were spending $400 million just to service the ridiculous debt. Here’s a different article touching on some of the same points:
https://money.cnn.com/2018/03/15/new...ame/index.html
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07-30-2021, 08:59 AM
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#2193
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Re: ToysRUs.ca Transformers Sightings and discussion
Quote:
Originally Posted by The 12th Prime
Here, here and it’s true, oh it’s damn true!
There was an article I read when the U.S stores closed how it was actually a profitable company at one point with between $400 to $600 million in sales annually that was saddled with debt and loans against it to liquidate the cash out of the company. By the end they were spending $400 million just to service the ridiculous debt. Here’s a different article touching on some of the same points:
https://money.cnn.com/2018/03/15/new...ame/index.html
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I was wondering if Bain Capital would be mentioned, and of course they were! They're the bloodusckers that killed a few other companies in the US, KB Toys being the second biggest if memory serves correctly.
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07-30-2021, 04:01 PM
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#2194
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Location: Brampton, Ontario
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Re: ToysRUs.ca Transformers Sightings and discussion
Targets in the states are getting T-wrecks figures now, and Americans can buy em in store without the red card apparently.
If Canada's getting him I expect him to pop up in TRUs soon.
__________________
Currently looking for:
*Studio Series 86 Swoop, Ratchet, Rumble and Frenzy
*Legacy Armada Starscream and Animated Optimus Prime
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07-30-2021, 05:37 PM
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#2195
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Re: ToysRUs.ca Transformers Sightings and discussion
ToysRus US was 5 billion dollars in debt from an acquisition in 2005 and declared bankruptcy... explain to me again how shareholders tanked a company stricken with debt and ran away with a bunch of money?
Toss in employee severances, cost of closing stores... toss in competition from Amazon and other online retailers...
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07-30-2021, 05:58 PM
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#2196
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Re: ToysRUs.ca Transformers Sightings and discussion
Lol employee severance
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07-30-2021, 06:32 PM
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#2197
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Location: Vancouver Island
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Re: ToysRUs.ca Transformers Sightings and discussion
I'm sure the executives got a nice severance package lmao
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07-30-2021, 06:53 PM
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#2198
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Re: ToysRUs.ca Transformers Sightings and discussion
Quote:
Originally Posted by RansakWORK
ToysRus US was 5 billion dollars in debt from an acquisition in 2005 and declared bankruptcy... explain to me again how shareholders tanked a company stricken with debt and ran away with a bunch of money?
Toss in employee severances, cost of closing stores... toss in competition from Amazon and other online retailers...
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Dude, the above linked article is but one place to start. Google some others up. It's a shady fucking "business practice."
Like, you've already been provided with a source but instead of reading it, you spout off
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07-31-2021, 12:18 AM
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#2200
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Location: Peterborough Area
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Re: ToysRUs.ca Transformers Sightings and discussion
Thansk, good reads.
Quote:
Originally Posted by RNSrobot
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