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Thread: Toys R Us bankrupt.

  1. #1
    Senior Member Yelta's Avatar
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    Toys R Us bankrupt.

    Gene Cafe Coffee Roaster $850 - Free Beans Free Freight

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    Site Sponsor Casa Espresso's Avatar
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    Too much Bitcoin you reckon Yelta?

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    Senior Member Rocky's Avatar
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    So - another 'specialty' retail outfit put out of business by the big retail chain stores?
    My old Dad, who had a lifetime in Retail, always used to say "The Chain stores will be the death of every other kind of retail".
    I do note however, that there is a quarter of a century between when Lazarus retired and when the business failed.
    I guess the entry of the corporate 'asset-strippers' is always the death knell of a business.

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    Senior Member Barry O'Speedwagon's Avatar
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    Toys R'us were/are a big retail chain store. Same model. The benefits of specialisation are limited by the extent of the market (Adam Smith, 1776) and by extent to which your product requires specialist skills (Barry O, 2018).
    Magic_Matt and zeezaw like this.

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    Senior Member Rocky's Avatar
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    Not the same thing Barry. I am talking about the "mixed business model' typical of the big chains like Woolworths and Coles that aim to carry everything from electrical, newsagent lines, liquor, etc.

  6. #6
    Senior Member Barry O'Speedwagon's Avatar
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    Quote Originally Posted by Rocky View Post
    Not the same thing Barry. I am talking about the "mixed business model' typical of the big chains like Woolworths and Coles that aim to carry everything from electrical, newsagent lines, liquor, etc.
    Well, ok. But I think Woolies and Coles have had a bigger impact on neighbourhood grocers and the like than on large specialty chains like Toys R us (who themselves pretty much finished off the town toy store). Toys R Us' biggest problem has been the advent of internet-based retailers, not the big two supermarkets (or their US equivalents).
    Magic_Matt likes this.

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    Woolies and Coles have had impacts all over the place none the least of which are the corner Milk Bar or as we call them here Deli... You hardly see these around now...Talking about internet problems...I hear the traditional sales stores like JB HI FI, Harvey Norman and the likes are very concerned about Amazon(who have made their money by drastically cutting the labour content via the internet) coming into the Australian market...I think I would be too, if I was in their position...

    Cheers.

  8. #8
    Senior Member Rocky's Avatar
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    I'm always fascinated by cases like this where a business goes gangbusters for a period of time and then slowly succumbs to a changing business environment.
    They were dominant for 40 years, opening over 1500 stores in the USA and around the world, but beginning the slide to oblivion around 1998.
    Wiki provides some insight:
    "At its peak, Toys "R" Us was considered a classic example of a category killer, a business that specializes so thoroughly and efficiently in one sector that it pushes out competition from both smaller specialty stores and larger general retailers. Since the rise of mass merchants like Walmart, Target and Amazon, however, Toys "R" Us has lost much of its share of the toy market, and fell behind Walmart in toy sales for 1998."



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