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- - ToysRUs.ca Transformers Sightings and discussion (http://www.cybertron.ca/boards/showthread.php?t=77712)

RNSrobot

07-29-2021 07:52 PM

Re: ToysRUs.ca Transformers Sightings and discussion

Quote:

Originally Posted by delrue (Post 843839)

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.

Correct. Listen to delrue, people!

The 12th Prime

07-29-2021 11:08 PM

Re: ToysRUs.ca Transformers Sightings and discussion

Quote:

Originally Posted by delrue (Post 843839)

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.

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

UnicornIRL

07-30-2021 08:59 AM

Re: ToysRUs.ca Transformers Sightings and discussion

Quote:

Originally Posted by The 12th Prime (Post 843872)

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.

Brian12

07-30-2021 04:01 PM

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.

RansakWORK

07-30-2021 05:37 PM

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...

Banshee

07-30-2021 05:58 PM

Re: ToysRUs.ca Transformers Sightings and discussion

Lol employee severance

kirbenvost

07-30-2021 06:32 PM

Re: ToysRUs.ca Transformers Sightings and discussion

I'm sure the executives got a nice severance package lmao

RNSrobot

07-30-2021 06:53 PM

Re: ToysRUs.ca Transformers Sightings and discussion

Quote:

Originally Posted by RansakWORK (Post 843930)

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

RNSrobot

07-30-2021 06:57 PM

Re: ToysRUs.ca Transformers Sightings and discussion

In

https://www.google.com/amp/s/amp.the...rticle/561758/
https://www.google.com/amp/s/amp.usa.../amp/491434002

Fuck hedge funds.

The 12th Prime

07-31-2021 12:18 AM

Re: ToysRUs.ca Transformers Sightings and discussion

Thansk, good reads.

Quote:

Originally Posted by RNSrobot (Post 843936)

In

https://www.google.com/amp/s/amp.the...rticle/561758/
https://www.google.com/amp/s/amp.usa.../amp/491434002

Fuck hedge funds.

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