Another flagship store is opening after the other two unceremoniously closed. I don't understand, why can't people move on? This ship has sunk. Think of something new instead of trying to get it back to the surface when we all know that's impossible... — read more
We're back, baby!
If there is anybody left who cares, of course... *Toys "R" Us is getting another lease on life thanks to Macy's. The two companies are partnering to sell toys on Macy's (M) website. The brands are also opening Toys "R" Us shop-in-shops at 400... — read more
I guess it's truly over
I guess this time it's truly over, with no options left. The billionaire behind Bratz and Little Tikes toys is waving the white flag. Isaac Larian said Monday that he will no longer try to save Toys "R" Us... — read more
Question
I worked for Babies R Us (California) in one of the first 180 stores to close. We officially closed our doors and my last day of employment was April 3, 2018. I HAVE YET TO BE PAID MY WAGES. I was informed on my last day that we will not be paid... — read more
What does this mean for us?
With Larian going through with the purchase option, what does that mean for us? Is there any chance that he is planning to keep the stores working with current staff? Or am I building up false hope once again?... — read more
ADP Payroll
Take a picture of the hours that they've worked for this pay period (and any future) in the ADP payroll program. Just in case, this may be (if necessary) a way of proving what is owed to you (pay wise). Also ALL employees should either be printing... — read more
Toys 'R' Us Founder Charles Lazarus Dies
http://money.cnn.com/2018/03/22/news/companies/toys-r-us-founder-obituary/index.html
“R”US rewards
I worked for Sears/Kmart and went through the same liquidation process/hell you guys are about to go through. I am wondering. Are they still having you “force” the R-US rewards program down the customer throat so they can sell the info to another... — read more
Are you kidding me???
A gofundme page???? Seriously? Somebody out there thought it was a good idea to put a gofundme page together and ask for one billion dollars to save Toys R Us? Now it feels like the world is simply making fun of us and what we are going through... — read more
Vultures Out In Full Force
What a s**t show today. Just rude angry people all day. I got yelled at by some crazy lady that they were "inconvenienced" yesterday and now "disappointed" today because things weren't "really" on sale. I told her imagine how disappointed and... — read more
Still some hope
Toy company executive Isaac Larian says he and other unnamed investors have pledged a total of $200 million in financing and hope to raise four more times that amount in crowdfunding in order to bid for up to 400 of the Toys R Us stores being... — read more
For those hoping Amazon will save them
I'm sorry, but that will not happen. Yes, Amazon is truly looking to buy some TRU stores, but not for the reasons people here might be hoping. But the company is not interested in keeping the Toys 'R' Us stores running. They would buy some of the... — read more
Charles Lazarus would not be proud of what TRU has become.
Upper management is completely out of touch with the workload of middle management and the actual people who get the work done. Supervisors are all talk and no help. Middle management regularly puts in 12 to 14 hour days plus weekends. Some do not... — read more
Toys had its chance to diversify outside of its core but senior management mostly just crapped on the ideas.
There's no knight in shining armor coming to rescue this company, so all the rumors are just what they are BS. At most what you might see is someone buying out the trademarks, TRU owns KBToys, eToys.com and lots of others. It could be feasible to... — read more
Game Over-It's official
Some have asked how this could happen. That's a question you ask when you're utterly clueless about the financial position of the company. As in 5 billion in debt. Maybe next time you'll keep yourself a bit better informed, instead of watching... — read more
Court Hearing Tomorrow. Looks messy
https://cases.primeclerk.com/ToysRUs/ I was looking at court documents for tomorrow's hearing. There are so many objections from landloards and creditors regarding everything from the priority order of payments, lease values, the "wind down" employee... — read more
TRU and Kay Bee Destroyed by Bain Capital
Both once great companies were scavenged and ultimately destroyed by private equity firm, Bain Capital.
Is there still a chance?
I have seen in several reports that at least some of the stores might escape closings if somebody decides to buy them. The rumor mill has been working overtime, and so many names were thrown around as possible buyers, including Amazon. Could this... — read more
District, Regional, and Home Office personnel will bet let go the day liquidation is announced and the liquidators will take full control of the
Toys'R'Us has over $500 million in debt that caused it to file bankruptcy in the first place. When they did that, they borrowed $3.1 billion from various banks to continue to fund day to day operations (keep stores open, payroll, benefits, etc.)... — read more
30,000 People to Lose Jobs
Now, let that sink in...
Still numb
In all honesty, I didn't expect something like this could happen. I kept believing that this was all blown out of proportion by the media, and we'd get an announcement from Toys "R" Us saying that reports were not true. How wrong I was... This is... — read more
Any news?
I keep refreshing news pages, but no new info has surfaced yet. My wife works at Toys "R" Us and we are both stressing out. Anybody here has any new info on what's going on? Has the liquidation been officially confirmed? I can't believe that I'm even... — read more
Why?
That Canadian buyer thing sounds like a load of BS. Why would someone saddle themselves with 8 billlion in debt. The liquidation would still run its course. There’s no reprieve.
TRU Filing for Chapter 7 Tomorrow (3/15/18)
They are filing the motion for Chapter 7 tomorrow. All US stores will be up for liquidation UNLESS the Canadian buyers are interested in saving a select number of stores. There will be letters sent out that will discuss the closure. Something about a... — read more
Conference call
Is this it? Call today at 3? Any inside info, are they going to announce the bankruptcy today?
Media is pushing the story a bit
Not saying chapter 7 won't happen, but the article (link below) makes sense. I think the media as usual is pushing the story. I don't work for Toys, but I am a retail manager for another company that is also struggling . I really feel for all you... — read more
Liquidation would mean 33,000 layoffs
I was wondering what the total number of people losing their jobs in case Toys R Us goes through with liquidation would be, and I'll admit it's higher than I expected. I truly hope this does not come to pass. Thirty-three-thousand families losing... — read more
Who else is dreading Monday?
It is not enough that we had to stress after chapter 11 over which stores would be closed, now we get to stress over if ALL off the stores will be closed. Before, we at least could hope we would not be among those affected. I've read in a Wall Street... — read more
Get out of Toys'R'Us now.
Toys'R'Us has over $500 million in debt that caused it to file bankruptcy in the first place. When they did that, they borrowed $3.1 billion from various banks to continue to fund day to day operations (keep stores open, payroll, benefits, etc.)... — read more
Two-day reprive
According to the docket any items that were to be discussed on the 12th (Today) in court have now been pushed back until the 15th (Thursday). Anybody else feels like we are on a death-row and we were just granted a two-day reprieve? I'm honestly not... — read more
Yep it’s going to happen
Toys ‘R’ Us Said to Be Prepping Liquidation of U.S. Operations
No severance
How low can they go? There will be no severances paid out to people in the closing stores. So not only is everybody losing their livelihood, they will be given absolutely nothing to tide them over until they can find new jobs. And yet, I'm positive... — read more
Looks like we might be bringing more down with us
An analyst from Jefferies estimates that 10 to 15 percent of Toys R Us' total business will be lost if it liquidates. Toy companies such as Hasbro and Mattel have already begun preparing contingency plans in the event that Toys R Us initiated a full... — read more
Humility
I hope that the upper excuitives become homeless after they run out of money,only then will they will see the errors they have made! Shame on all of them!!!
More layoffs today
From what I understand there is going to be another round of layoffs starting today. I truly feel for these people. I was one of the people that was let go caught up in the layoff of Feb 2017. I have to say I am better for it. However all the... — 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
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
U.K. Bankruptcy
US first and now UK bankruptcy. Not looking good at all for the company. https://www.theguardian.com/business/2018/feb/23/toys-r-us-faces-bankruptcy-putting-3200-jobs-at-risk
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
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!