If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(North Jersey)   Out of business R Us   ( northjersey.com) divider line
    More: Interesting, New Jersey, store closing sales, targeted U.S. stores, Wayne, New Jersey, Toys "R" Us, closing stores, Kohlberg Kravis Roberts, Liquidation  
•       •       •

2794 clicks; posted to Business » on 07 Feb 2018 at 12:35 PM (23 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



33 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2018-02-07 10:38:03 AM  
Thanks Mitt
 
2018-02-07 10:50:36 AM  
Another piece of my childhood is dying.
 
2018-02-07 12:31:15 PM  
The Amazon effect continues.
 
2018-02-07 12:38:13 PM  
I've got a bunch of gift cards to unload
 
2018-02-07 12:42:19 PM  
Somehow, even with the discount, they'll still find a way to keep LEGO at above retail prices.
 
2018-02-07 12:42:48 PM  

Merltech: The Amazon effect continues.


Private equity killed them, they are profitable without the debt payments used to take them private.
 
2018-02-07 12:44:05 PM  
At first glance I thought it was a story about Rutgers University, what with the North Jersey badge on the
link and all.
 
2018-02-07 12:48:25 PM  
This kind of announcement usually means:

Move all the high value, popular and fast moving merchandise out of the closing stores into the remaining ones.

Move all the low value, unpopular and unsellable merchandise from the store remaining open into the closing stores and hope some idiots buy it 'on sale at huge discount!"
 
2018-02-07 12:49:13 PM  
I am sure this liquidation "sale" will be just like the Circuit City one.  Everything is marked "1/2 off", but all costs exactly the same as it costs everywhere else.  HH Gregg liquidation was the same too, was hoping I could snag a fridge (which I still need) for a song, but the prices were never cheaper than anywhere else.
 
2018-02-07 12:53:20 PM  

TedCruz'sCrazyDad: Merltech: The Amazon effect continues.

Private equitykilled them, they are profitable without the debt payments used to take them private.


img.fark.netView Full Size

i.e. - Mitt Romney and Bain Capital killed Jeffrey the Giraffe
 
2018-02-07 12:55:01 PM  

cefm: TedCruz'sCrazyDad: Merltech: The Amazon effect continues.

Private equitykilled them, they are profitable without the debt payments used to take them private.

[img.fark.net image 500x281]
i.e. - Mitt Romney and Bain Capital killed Jeffrey the Giraffe


They spell it Geoffrey, fyi.
 
2018-02-07 12:55:18 PM  

stuhayes2010: I am sure this liquidation "sale" will be just like the Circuit City one.  Everything is marked "1/2 off", but all costs exactly the same as it costs everywhere else.  HH Gregg liquidation was the same too, was hoping I could snag a fridge (which I still need) for a song, but the prices were never cheaper than anywhere else.


When the CompUSA near me went out of business their "discounts" were based off MSRP. Some of their going out of business "sale" prices were higher than their everyday prices.
 
2018-02-07 12:59:40 PM  
The Toys R Us in my hometown turned into Aldi years ago.  It's an improvement.
 
2018-02-07 01:06:13 PM  
None will be missed
 
M-G
2018-02-07 01:12:02 PM  

cloudofdust: stuhayes2010: I am sure this liquidation "sale" will be just like the Circuit City one.  Everything is marked "1/2 off", but all costs exactly the same as it costs everywhere else.  HH Gregg liquidation was the same too, was hoping I could snag a fridge (which I still need) for a song, but the prices were never cheaper than anywhere else.

When the CompUSA near me went out of business their "discounts" were based off MSRP. Some of their going out of business "sale" prices were higher than their everyday prices.


That's because the inventory is sold to a liquidation company, who counts on the sale hype to get people to overpay.
 
2018-02-07 01:16:50 PM  
At least the management that drove them into the ground are getting multi-milllion-dollar payouts for their expertise in the matter.

Wish I could get paid millions to mismanage a company into oblivion.
 
2018-02-07 01:18:02 PM  
img.fark.netView Full Size


/inconsolable
 
2018-02-07 01:27:19 PM  

JerkStore: At least the management that drove them into the ground are getting multi-milllion-dollar payouts for their expertise in the matter.

Wish I could get paid millions to mismanage a company into oblivion.


If I do a piss-poor job at work, I'd get fired. If you're a manager and drive the company to the point of ruin, you get a bonus

/Murica
 
2018-02-07 01:48:48 PM  

Donald Trump's Vagina: JerkStore: At least the management that drove them into the ground are getting multi-milllion-dollar payouts for their expertise in the matter.

Wish I could get paid millions to mismanage a company into oblivion.

If I do a piss-poor job at work, I'd get fired. If you're a manager and drive the company to the point of ruin, you get a bonus

/Murica


You don't understand - the bonuses are the only way to ensure the execs stick around for the orderly wind-down of the business. Otherwise, they'd jump on one of the other offers from all the companies who are eager to hire a proven failure.
 
2018-02-07 01:50:56 PM  

OccamsWhiskers: Donald Trump's Vagina: JerkStore: At least the management that drove them into the ground are getting multi-milllion-dollar payouts for their expertise in the matter.

Wish I could get paid millions to mismanage a company into oblivion.

If I do a piss-poor job at work, I'd get fired. If you're a manager and drive the company to the point of ruin, you get a bonus

/Murica

You don't understand - the bonuses are the only way to ensure the execs stick around for the orderly wind-down of the business. Otherwise, they'd jump on one of the other offers from all the companies who are eager to hire a proven failure.


Or in our case, make him President
 
2018-02-07 01:52:17 PM  

cloudofdust: stuhayes2010: I am sure this liquidation "sale" will be just like the Circuit City one.  Everything is marked "1/2 off", but all costs exactly the same as it costs everywhere else.  HH Gregg liquidation was the same too, was hoping I could snag a fridge (which I still need) for a song, but the prices were never cheaper than anywhere else.

When the CompUSA near me went out of business their "discounts" were based off MSRP. Some of their going out of business "sale" prices were higher than their everyday prices.


The Best Buy near me closed last fall and I got a ~$3500 tv (floor model) for $1600. Nicest part was they did not deliver the floor model, but rather a brand new one. YMMV obviously.
 
2018-02-07 02:45:26 PM  

jackiepaper: cloudofdust: stuhayes2010: I am sure this liquidation "sale" will be just like the Circuit City one.  Everything is marked "1/2 off", but all costs exactly the same as it costs everywhere else.  HH Gregg liquidation was the same too, was hoping I could snag a fridge (which I still need) for a song, but the prices were never cheaper than anywhere else.

When the CompUSA near me went out of business their "discounts" were based off MSRP. Some of their going out of business "sale" prices were higher than their everyday prices.

The Best Buy near me closed last fall and I got a ~$3500 tv (floor model) for $1600. Nicest part was they did not deliver the floor model, but rather a brand new one. YMMV obviously.


As was pointed out upthread, how good the deals are probably depends on whether or not the sale is being run by an outside liquidator.
 
2018-02-07 02:59:07 PM  
Private equity killed them, yeah.

But they were screwed anyway. Toy stores are dead. TOYS are dead, really. Yeah, really young kids play with them, but video games take over as soon as kids can handle them.

And...I always wondered how Toys R Us was profitable, even in the good old days. The stores were huge, with a huge inventory of stuff that seemed to sit on the shelf forever. The popular stuff apparently sold well enough to keep them in business, but why bother with everything else?
 
2018-02-07 03:40:38 PM  
Hmm, maybe I could get a cheap game system.
 
2018-02-07 04:55:18 PM  

OccamsWhiskers: Donald Trump's Vagina: JerkStore: At least the management that drove them into the ground are getting multi-milllion-dollar payouts for their expertise in the matter.

Wish I could get paid millions to mismanage a company into oblivion.

If I do a piss-poor job at work, I'd get fired. If you're a manager and drive the company to the point of ruin, you get a bonus

/Murica

You don't understand - the bonuses are the only way to ensure the execs stick around for the orderly wind-down of the business. Otherwise, they'd jump on one of the other offers from all the companies who are eager to hire a proven failure.


That's most of them, by the way.
They all hire idiots that have been fired.
Including,  and especially,  Apple.
Suck it, fanboi.
 
2018-02-07 04:56:51 PM  

realmolo: And...I always wondered how Toys R Us was profitable, even in the good old days. The stores were huge, with a huge inventory of stuff that seemed to sit on the shelf forever. The popular stuff apparently sold well enough to keep them in business, but why bother with everything else?


That's the thinking that Walmart, Target, and other major retail stores use.  Dedicate just a couple of aisles to toys and sell the less popular stuff online (or not at all).  Their margins might be lower, but the parent is probably in the store buying a bunch of other items, too.
 
2018-02-07 06:36:35 PM  

cloudofdust: jackiepaper: cloudofdust: stuhayes2010: I am sure this liquidation "sale" will be just like the Circuit City one.  Everything is marked "1/2 off", but all costs exactly the same as it costs everywhere else.  HH Gregg liquidation was the same too, was hoping I could snag a fridge (which I still need) for a song, but the prices were never cheaper than anywhere else.

When the CompUSA near me went out of business their "discounts" were based off MSRP. Some of their going out of business "sale" prices were higher than their everyday prices.

The Best Buy near me closed last fall and I got a ~$3500 tv (floor model) for $1600. Nicest part was they did not deliver the floor model, but rather a brand new one. YMMV obviously.

As was pointed out upthread, how good the deals are probably depends on whether or not the sale is being run by an outside liquidator.


Going out of Business sales suck.  The prices for all the good stuff are the same or maybe 5% off, then when it is sold they gradually decrease prices until the really crappy stuff is discounted to maybe 70%.  ToysRUs prices were never any good so I probably won't even bother to go unless any video game stuff is cheap.
 
2018-02-07 06:41:04 PM  

Lochaber_Axe: cloudofdust: jackiepaper: cloudofdust: stuhayes2010: I am sure this liquidation "sale" will be just like the Circuit City one.  Everything is marked "1/2 off", but all costs exactly the same as it costs everywhere else.  HH Gregg liquidation was the same too, was hoping I could snag a fridge (which I still need) for a song, but the prices were never cheaper than anywhere else.

When the CompUSA near me went out of business their "discounts" were based off MSRP. Some of their going out of business "sale" prices were higher than their everyday prices.

The Best Buy near me closed last fall and I got a ~$3500 tv (floor model) for $1600. Nicest part was they did not deliver the floor model, but rather a brand new one. YMMV obviously.

As was pointed out upthread, how good the deals are probably depends on whether or not the sale is being run by an outside liquidator.

Going out of Business sales suck.  The prices for all the good stuff are the same or maybe 5% off, then when it is sold they gradually decrease prices until the really crappy stuff is discounted to maybe 70%.  ToysRUs prices were never any good so I probably won't even bother to go unless any video game stuff is cheap.


I got the Sega CD plus most of the games and a 32x with all the games for less than a hundred back in the day
 
2018-02-07 10:57:59 PM  

JerkStore: At least the management that drove them into the ground are getting multi-milllion-dollar payouts for their expertise in the matter.

Wish I could get paid millions to mismanage a company into oblivion.


Bob Nardelli royally screwed up Home Depot and demanded his 210 million dollar contract in full. Home Depot didn't contest it at all when they got rid of him, which means that he is such a massive screwup that 210 million dollars is a BARGAIN to be free of him.

I could bankrupt the company for half that price.
 
2018-02-07 11:07:05 PM  

Merltech: The Amazon effect continues.


Walmart beat Amazon to that punch.
 
2018-02-07 11:22:39 PM  

cloudofdust: jackiepaper: cloudofdust: stuhayes2010: I am sure this liquidation "sale" will be just like the Circuit City one.  Everything is marked "1/2 off", but all costs exactly the same as it costs everywhere else.  HH Gregg liquidation was the same too, was hoping I could snag a fridge (which I still need) for a song, but the prices were never cheaper than anywhere else.

When the CompUSA near me went out of business their "discounts" were based off MSRP. Some of their going out of business "sale" prices were higher than their everyday prices.

The Best Buy near me closed last fall and I got a ~$3500 tv (floor model) for $1600. Nicest part was they did not deliver the floor model, but rather a brand new one. YMMV obviously.

As was pointed out upthread, how good the deals are probably depends on whether or not the sale is being run by an outside liquidator.


If you look you also will find other things the stores never sold.  Occasionally  you can find a decent deal but usually it is not worth it.
 
2018-02-08 07:55:59 AM  

Bovine Diarrhea Virus: The Toys R Us in my hometown turned into Aldi years ago.  It's an improvement.


Heh... Not surprising, honestly. Old format Aldi stores, while very sparse and warehouse- ish, are at least clean and organized. Toys 'R' us stores are horrible.
Also, new format Aldi stores are actually pretty nice.
 
2018-02-08 09:42:28 AM  

Greek: Bovine Diarrhea Virus: The Toys R Us in my hometown turned into Aldi years ago.  It's an improvement.

Heh... Not surprising, honestly. Old format Aldi stores, while very sparse and warehouse- ish, are at least clean and organized. Toys 'R' us stores are horrible.
Also, new format Aldi stores are actually pretty nice.


Toy R' Us is like Walmart in the fact that nothing is where it should be, and good luck finding an associate who knows anything about anything
 
Displayed 33 of 33 comments

View Voting Results: Smartest and Funniest

This thread is closed to new comments.

Continue Farking

On Twitter





Top Commented
Javascript is required to view headlines in widget.
  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.

Report