Toys ‘R’ Us Files for Chapter 11 Bankruptcy Protection

mesyn191 said:
Nothing there contradicts what I said nor does it provide support to your original claim of higher min. wages being a contributing factor into forcing TRU into this bankruptcy.

And quite frankly I wouldn't trust a thing a bunch of small business owners had to say about the economy, wages, or if to know the sun was shining. Most small businesses fail and have failed at very high rates because the people who run them are their own worst enemies and fail to deal with reality.

To put it back on topic: a inflation adjusted wage difference of $.76 over 10yr+ simply does not matter in the least here and you're flat out lying if you claim otherwise. Even the original article is quite blunt and clear about the debt load from the buyout and their associated interest costs being the cause of this.


Prices do not rise exactly the same amount that wages increase because the cost of labor is frequently not the dominating factor in the manufacture or cost of selling the item and so therefore effective buying power can increase with increased wages. Even in industries where labor costs are some of the highest around (ie. healthcare) you won't see costs rise equally in line with wage increases. hth


That is a lie. Min. wage yearly income full time is well within the 138% Federal Poverty Line limit and therefore you can receive subsides for healthcare in states that did the expansion which are a net negative tax revenue-wise by design.

Your claim here is also stupid on the face of its claims since min. wage workers, even if they made $10/hr+, have very little money/wealth compared to the top 5% income earners much less the top 1%. If the govt. wanted more revenue it would just go and tax those groups more. Instead its looking to cut the taxes of the wealthy further under Trump and a GOP controlled Congress.


Now adjust those wages for inflation and tell me how much exactly wages really went up. Hint: its $.76 in 2006 dollars. Any company or industry that gets sunk by that pathetic amount of increase in employee wages over a friggin' 10yr period deserves to go under.
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Businesses in the US are taxed an average of 44%! Add that to the increased cost of simply keeping their doors open (higher mandates wages that affect every aspect...such as utilities, transportation/fuel, insurance, rent/mortgage, tools, computers, stationary, administrative, etc), and it's a formula for disaster from the beginning.

Let's rewind the clock back 20 years ago...
A menu mainstay value meal at any major fast food chain was around $3.00 when min wage was $4.25-$5.15/hr.

Today, with a min wage of $7.25+ (depending on the state), that same, unchanged value meal is $6+. And many major fast food companies have been struggling to meet projections for the past decade.

And you think TRU is somehow immune to that cause and effect?
 
WTF are you even talking about now??

TRU isn't a small business. They're a multi billion dollar company with thousands of employees.

You've goal post shifted so hard you've completely lost connection to even a slim degree of relevance to the story.

Why don't you stop BS'ing and address my comments WRT to your original claims of TRU's bankruptcy being due to increased min. wage?
 
According to Clark Howard, a big reason Toys R Us filed for bankruptcy was the 3 equity firms that own it took the company 5 billion in debt to take control of the company rather than investing money into inventory and improving their store operations. Not sure how true it is or if I'm remember exactly what he said, but it's def. not because of minimum wages that they are closing shop lol.
 
NeghVar said:
It's the kids that will really miss out on this. The buyers, mostly adults, often use online now. But its the excitement of the store the kids like. Being able to touch, hold, and see the toys. When it comes to Lego's, which I still buy. That is the part of me that is still a Toys R Us kid
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Kids such as this
https://consumerist.com/2017/09/27/child-makes-adorable-case-in-favor-of-toys-r-us/

toysrus.png
 
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The last time I visited a Toys R US was in the early 90s I picked up Chrono Trigger for the SNES at that time.
When I tried the Sega Saturn Demo with Nights into Dreams I was holy is this cool....
 
Comixbooks said:
The last time I visited a Toys R US was in the early 90s I picked up Chrono Trigger for the SNES at that time.
When I tried the Sega Saturn Demo with Nights into Dreams I was holy is this cool....
Click to expand...
IMO, Chrono Trigger is one of the greatest video RPG's of all time. I have it via Final Fantasy Chronicles (FF4 & Chrono Trigger for Play Station).
 
TheMadHatterXxX said:
:( I remember growing up in the 80's and the excitement of doing exactly that was such an amazing feeling.
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yeah, but it's a toy store. That feeling wasn't exclusive to just TRU. Could've been FAO Schwartz, or the Lego Store, or even the toy aisles in Target/Wal Mart. Kids can get excited going down the Doors and Windows aisles in Home Depot.

Shopping for toys as an adult has completely weaned me of TRU nostalgia. Charging flat retail price for 50+ years?
 
Growing up we got to go to Toys R Us one time a year, just before Christmas. All I really remember of it is looking through the aisles for a bit and then sitting out in the car while my parents shopped (the horror.. kids sitting in the car without adults!!!), and them coming out with a couple bags and stuffing them in the back of the car. This was usually our last stop after shopping a couple hours at the mall in the "big city" of Tulsa, OK. Honestly, I think I got more excited about the Sears Wish List catalog each year than going to TRU.
 
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