Nope
Toys ‘R’ Us has declared bankruptcy
- Thread starter winb83
- Start date
Kingshango
Veteran
Don't get me wrong, I want that to happen, but that business model is really hard to fade; that's like saying that pawn shops are going to cease to exist. They literally take entire systems, games, accessories, etc. lowball you with in-store currency and occasionally multiply the 'money' you get back on trade-ins like they're doing you a favor. shyt is villainous but I get it.
A lot of people are going to be disappointed with the liquidation sale. I went to a babies r us just to be curious and all the car seats were gone and they were listed at 15% off msrp which if you used the in store coupon you could have bought for 20% off before the damn sale.
In other words, the idiots will buy everything good before it's discounted enough to make it worth it.
In other words, the idiots will buy everything good before it's discounted enough to make it worth it.
It's ruthless out there breh.
Its kinda wild that they figured they would make more money off liquidating everything as opposed to trying to figure it out and save the 33K jobs that are potentially lost with this.
Its kinda wild that they figured they would make more money off liquidating everything as opposed to trying to figure it out and save the 33K jobs that are potentially lost with this.
Gamestop is going to be a long slow death. The reaper will come for them but it could be well into next console generation before that happens.
How did they acquire so much debt? Venture capitalist loading them up then abandoning them?
That's exactly what happened. That shyt should be illegal.
Damn, and I need a car seat for my youngest son.
My wife be gettin' them $200 car seats for her car
120 is a good price for me
Yeah I read up on it. Apparently the venture capitalist used the company as leverage to borrow money to buy all it's stock and took it private. That caused the debt the company had to reach an unmanageable level. The debt never got back in control and the interest payments on the debt bleed the company dry until some of the debt became due which the company couldn't afford to pay.
I don't understand how the people that bought the company did so but aren't responsible for the debt the company itself was. I mean if I use a car as collateral to buy it and skip out on paying the loan back the bank will repo the car then come after me not just repo the car and call it good.
the_FUTURE
Superstar
off topic, but I literally can't watch dude until he turns back to face.
ok y'all can carry on. 5 billion in dept
Pegasus Jackson
Trump's Amerikkka
I don't know about your Toys R Us as a youth, but mine was a cluttered, overpriced shyt hole filled to the brim with screaming brats with snot dribbling down their chins and little hellions thundering down aisles in big wheels knocking adults and other kids alike on their asses. It also holds the dubious distinction of being the only place in the continental United States where I saw a Nintendo game retail for $69.99 in 1988. To make matters worse, there were no game kiosks so you had to stare longingly at systems playing demos on Commodore Amiga monitors that looked twenty times better than your RF television set at home. The final insult to injury was the fact they didn't even trust you enough to have the video game box on the shelf. You had to take a goddamn ticket to some enclosure where some surly, pimply nerd would demand proof of payment and hurl your game at you through a slot.
Toy R Us and Geoffrey the punk ass Giraffe can burn in Hell.
Toy R Us and Geoffrey the punk ass Giraffe can burn in Hell.
I don't know about your Toys R Us as a youth, but mine was a cluttered, overpriced shyt hole filled to the brim with screaming brats with snot dribbling down their chins and little hellions thundering down aisles in big wheels knocking adults and other kids alike on their asses. It also holds the dubious distinction of being the only place in the continental United States where I saw a Nintendo game retail for $69.99 in 1988. To make matters worse, there were no game kiosks so you had to stare longingly at systems playing demos on Commodore Amiga monitors that looked twenty times better than your RF television set at home. The final insult to injury was the fact they didn't even trust you enough to have the video game box on the shelf. You had to take a goddamn ticket to some enclosure where some surly, pimply nerd would demand proof of payment and hurl your game at you through a slot.
Toy R Us and Geoffrey the punk ass Giraffe can burn in Hell.
Not sure what you're talking about breh....the Toys R Us I went to back in the day (this would've been around '96) had a kiosk for every console. We'd be in that bytch for hours playing demos of games before they came out.
As far as them going out of business
honestly can't say I give a fukk either way. It was a part of my childhood but I ain't been in one in around 10 years, at least.Fred.
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I don't know about your Toys R Us as a youth, but mine was a cluttered, overpriced shyt hole filled to the brim with screaming brats with snot dribbling down their chins and little hellions thundering down aisles in big wheels knocking adults and other kids alike on their asses. It also holds the dubious distinction of being the only place in the continental United States where I saw a Nintendo game retail for $69.99 in 1988. To make matters worse, there were no game kiosks so you had to stare longingly at systems playing demos on Commodore Amiga monitors that looked twenty times better than your RF television set at home. The final insult to injury was the fact they didn't even trust you enough to have the video game box on the shelf. You had to take a goddamn ticket to some enclosure where some surly, pimply nerd would demand proof of payment and hurl your game at you through a slot.
Toy R Us and Geoffrey the punk ass Giraffe can burn in Hell.
All facts 