This is all about private equity greed. Buy out a company, load it up with debt to get back your principle investment, extract huge "management fees", then sell off the debris. Same thing with Sears, Winn Dixie, Remington.......
Bad to worse...
Now they're talking about the possibility Toys R Us doesn't even emerge from Bankruptcy. That means the end of the line, no more Toys R Us. https://www.cnbc.com/2018/02/21/toys-r-us-is-in-danger-of-breaching-a-covenant-with-its-lenders.html
Headquarter Layoffs & More Store Closings Coming?
https://www.marketwatch.com/story/toys-r-us-may-close-another-200-stores-sharply-cut-corporate-staff-2018-02-21
Five more TRU stores closing
New day, new store closing announcement for Toys R Us. In other words, business as usual. This time it's five stores in New York, with nearly 300 people affected. For those interested, the five closing stores are in College Point, New York City... — read more
NICE? state facts, in regards to previous post
NICE? You meant to say FACT(S) I was harassed, lie to, taken advantage of, threatened, slapped with falsified information then let go. Who else has this happen to? Let your voice be heard! WE MATTER!
Say something nice about your store
If your store is closing you can say something nice about it here https://www.TheStoreClosing.com
It has started
Liquidation sales have started in stores that are slated for next and the following month. I feel deeply for all the employees working in those stores. I hope you find new and much better employment quickly... — read more
Can we transfer stores?
Anybody knows if those of us who are working at the closing stores will be given a chance to transfer to same positions at other Toys R Us stores if we are willing to travel? I'm still not sure I'd like to do that, but it'd be nice to know that is... — read more
Throw in the towel already.
For 2017, around 50% SSS loss over previous year in most stores. We know the final sentence, hurry up...
5,000 to be laid off by TRU in 2018
My estimate about the site, 200 stores x 25 people per store... plus back end corporate jobs needed to support them. Management consolidation, etc. https://www.cnbc.com/2018/01/24/toys-r-us-to-close-180-stores-across-the-us.html
It's just a matter of time
It looks like TRU is on the list of retailers that are on death watch for 2018. No real surprise there, I guess, but it still kills that little bit of hope I was holding on to. Right now we need a miracle to survive past this year, and I doubt it's... — read more
Liquidators hired...
(@WSJBankruptcy): Toys “R” Us has hired teams of liquidators, including Hilco Global and Gordon Brothers, to assess its store base, and is considering shutting down about 200 stores, according to people familiar with the matter... — read more
Excuses, ...Sales..Stop It Already,...
Ask the people affected by this why they were all laid off, your perspective and assumptions might change. If you havent been affected by this, sales and websites aren't the only reasons why this company is where it's at, just ask "Us" who have and... — read more
Media said Holiday sales were good
If even toy sales are down 15% at Christmas, how in the world could overall sales be good? On this board I see sears, wal-mart, all big retailers had a bad holiday season, REALLY bad. Don't tell me Amazon did it either, Amazon is a small fraction of... — read more
Hundreds of stores closings due to bad holiday sales
This is bad, really bad. There was no expected bump from holiday sales, on the contrary, so now instead of going down, the number of Toys R Us stores slated for closing has skyrocketed. It looks like between 100 and 200 stores will be shuttered... — read more
This will be a bad holiday season for Toys R Us
The TRU bankruptcy has caused vendors to restrict the amount of goods they ship to TRU due to lower customer demand for the upcoming holiday shopping period. Many consumers will look elsewhere to shop this year because of the uncertainty of TRU... — read more
Walking of TRU property’s has Started.
A whole bus load of VIP’s came to my store on Thursday. This is in Connecticut. They stayed outside for a hour walking the parking lot all around the building . Then they went inside. I wasn’t there that day. I’m only PT been there for years... — read more
It wasn't Amazon, it was bad management that ruined us
For those who keep blaming Amazon for our bankruptcy, I wanted to just leave this here: only 16 percent of sales in the toys and hobby sector are made online. That means a debt load of more than $5 billion was mainly what did in Toys ‘R’ Us and not... — read more
Should I quit or wait it out?
Unlike a bunch of people, I actually like my job at Toys "R" Us. I got good colleagues, fair managers, and a decent pay (I am not saying those who are complaining are wrong, just saying I got lucky.) This situation, however, scares me a lot. I have... — read more
Bankruptcy has been filed, now what?
This is a truly scary time for all of us working at Toys "R" Us. Bankruptcy might not mean the end for the company, but it will certainly mean the end for a big number of stores and layoffs for employees. I just wonder when will we know what stays... — read more
IT'S HAPPENING!
https://www.cnbc.com/2017/09/18/toys-r-us-files-for-chapter-11-bankruptcy.html
Do you get direct deposit when you quit toys r us (or babies r us)
I am interested in how I am gonna get paid after I quit. I've had it.
WHATS GOING ON? FULL TIME DS
I find it disgusting that being laid off and just finding out now that someone that I've known for years got hired months after me, (when supposedly over 300 were laid off, no news, social media reports, ect) in another store for a full-time... — read more
List of Toys R Us Stores Closing
A comprehensive list of TRU stores that will be closing in 2017 and 2018 is needed. I'd like to find out what stores will close as I am doing an analysis of the sector. Specifically, I'd like to know: Location Number of Employees Laid off Reasons for... — read more
Blinded R Us
How come the people who were laid off were NOT acknowledged via any social media, especially TV, NEWS? Why is it we see and hear of other companies, such as ex: 350 Gymboree stores closing recently all over the news, twitter, ect, because of... — read more
Bye bye Joe.
Guess Venezia decided to bail while he still could. He is now President of Bridgestone Tires, as of July 19. Toy sales are plummeting, and the Baby side is getting cut big time. And supposedly, BRU is the only thing that was making money for the... — read more
Store Layoffs
Are the store layoffs still proceeding or are they over ? The company has posted nothing about store layoffs. How many were laid off ?
So, it started
So it looks like Gear and Registry for the most part, with a few exceptions. Really, I think they could pick who they want to let go, then move everyone else around like they usually do. I've held 3 different DS positions in the 6 years I was there... — read more
The problem with them
I was a store manager for them and had positive gains, reduced turnover and improved customer relations in every store the placed me in. I enjoyed leading and developing my associates and several of them became store managers. The problem with them... — read more
Article on layoffs
Looks like that writer from the Forbes got the info he needed: http://www.forbes.com/sites/tompopomaronis/2017/02/20/retail-under-fire-toys-r-us-has-laid-off-up-to-15-of-hq-employees/#52714311517c He projects (due to extended bond maturity), that the... — read more
Old news: District Managers, Local Marketing, and Human Resource.
They laid off about 77 people in September 2016. District Managers, Local Marketing, and Human Resource. Very sad.
culture s---s and leadership contradicts itself
so id two of our key "SMACS" tlast year was to growth own brands and digital, why has Brandon fired our own brand teams (third year in a row) and most of the digital online team!. Probably upset because he's not getting $18m like last year!!
Time to get off this ship
This was a good company once, but nowadays I can't think any good reason to stay here. I hate to say it, but this company has some serious issues, and I don't think things will improve soon. These series of layoffs are killing everyone's morale. Even... — read more
2017 toysrus corporate layoffs have begun today.
This is the worst company I have ever been involved with. Don't believe the B.S. that it is all about the people and they care about their employees. Almost every year there are layoffs. I am sitting at my desk today watching hard working people... — read more
Management sucks, favoritism is rampant and hr is a joke
At tru being buddies with or related to someone in managment is all that matters. Hard work, ethics and eefficiency are considered optional or worse, unwanted. If you poi t out unethical behavior you observe, if you report favoritism, time card... — read more
Why is this company bad? I'll explain some of it here:
Do you really want to know how bad this company is? I'm still, to this day, not getting paid for my overtime because my salaried managers edited my time card to only show 40 hours, when I have clearly worked more... and be promised for my time, even... — read more
ABC Slams Toys R Us on the #H1B issue
ABC Slams Toys R Us on the #H1B issue https://streamable.com/raiz or see https://www.youtube.com/watch?v=LAHtNQo3eog
So by 2017 will there be any DS positions at all?
With the E&E department supervisor roles being cut and the combining of other roles it begs the question if TRU will soon have no full time positions. For a retail chain that only uses 25 to 50 people per store I have to wonder how that would work... — read more
Sending Jobs to India
Here is a story on US Jobs going to India - this is a epidemic, hard to stop right now, not only Toys R Us but also other companies as well are sending jobs to India - this is from New York Times: For four weeks this spring, a young woman from India... — read more