Toys R Us, Another Victim of Walmart and Amazon
One of our favorite childhood stores might be closing sooner than expected. Toy R Us is filing for bankruptcy after struggling to win back customers from online stores like Ebay and Amazon.
We all remember the famous slogan and jingle “I don’t want to grow up, I’m a Toys R Us Kid” that boosted Toys R Us to the #1 toy store in the 80s and 90s. But when giant retailers, such as Walmart began to offer similar toys for cheaper prices, Toys R Us started to lose its market share quickly.
Only a few die-hard “Kids” actually visited Toys R Us, and even fewer actually bought anything. Most visitors to the toy store relic were there to “try-out” and play with the hands on displays Toys R Us provided. But when it came to pulling the trigger and buying toys, Lower prices and convenience wins.
Ex toy-store giant, Toys R Us, can file for bankruptcy as early as next week. Shoppers might want to start rushing to local stores and pick up “souvenirs” in anticipation to a sudden closure. Might be the last time we can get a Toys R Us branded toy.
It’ll be a great time to get those last minute selfies and snaps with Geoffrey the Giraffe. We can show our grand-kids while we share our legendary adventures we had at Toys R Us.
Is there a light at the end of the tunnel for the Ex toy store giant?
We have seen many retailers pack their bags and close their doors in recent years. Some were able to get absorbed by other companies and others went private. What should we expect with Toys R Us?
Well some speculation is, retail giant Walmart will be buying the Toys-R-Us “brand” and integrating it into their stores’ toy section. Other speculators just see them folding their tents, never to be heard from again.
The holiday season has become a favorite time for retail shake ups. We will see where the fate of fan-favorite “Toys R Us” will be in a few months.