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Author Topic: Toys 'R' Us to file bankruptcy  (Read 36155 times)

kphoger

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Re: Toys 'R' Us to file bankruptcy
« Reply #200 on: August 20, 2021, 10:58:52 AM »

The Toys R Us near us was divided into a furniture store and an Aldi.

Ours is now an Aldi as well.  It's now the closest Aldi to us, so that's one of the stores we regularly shop at.
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Re: Toys 'R' Us to file bankruptcy
« Reply #201 on: August 20, 2021, 11:09:46 AM »

All the Toys 'R' Us stores in the Richmond, VA area remain vacant. The one on Quioccasin Road in Henrico County is currently being gutted and renovated, though, so it seems likely the building will have a new tenant soon.
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Re: Toys 'R' Us to file bankruptcy
« Reply #202 on: August 20, 2021, 11:21:08 AM »

All the Toys 'R' Us stores in the Richmond, VA area remain vacant. The one on Quioccasin Road in Henrico County is currently being gutted and renovated, though, so it seems likely the building will have a new tenant soon.

The one here in Danville became a Big Lots. When Big Lots first announced that they were taking over the building, I thought they were just gonna relocate from their existing location near Walmart Neighborhood Market on Nor-Dan Drive, but they kept that store open as well. I can't think of any other small city that has 2 Big Lots stores.
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cpzilliacus

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Re: Toys 'R' Us to file bankruptcy
« Reply #203 on: September 28, 2021, 12:01:39 AM »

The Toys R Us warehouse at 209 Geoffrey Way, Frederick, Maryland near the interchange of I-270 and MD-85 has been converted to a Kroger warehouse.  Which is interesting since there are no Kroger stores in the state (Kroger subsidiary Harris Teeter has a small presence in the state). 

Apparently they will use this locations to fulfill cyber orders and does not need to be near a brick-and-mortar location.

WTOP radio report from 2020 here.
« Last Edit: September 28, 2021, 12:08:25 AM by cpzilliacus »
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kkt

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Re: Toys 'R' Us to file bankruptcy
« Reply #204 on: September 28, 2021, 12:03:20 AM »

The Toys R Us warehouse in Frederick, Maryland near the interchange of I-270 and MD-85 has been converted to a Kroger warehouse.  Which is interesting since there are no Kroger stores in the state (Kroger subsidiary Harris Teeter has a small presence in the state).  Apparently they will use this locations to fulfill cyber orders.

Kinda surprised they'd use a high-tax state to fill cyber orders.
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cpzilliacus

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Re: Toys 'R' Us to file bankruptcy
« Reply #205 on: September 28, 2021, 12:11:33 AM »

The Toys R Us warehouse in Frederick, Maryland near the interchange of I-270 and MD-85 has been converted to a Kroger warehouse.  Which is interesting since there are no Kroger stores in the state (Kroger subsidiary Harris Teeter has a small presence in the state).  Apparently they will use this locations to fulfill cyber orders.

Kinda surprised they'd use a high-tax state to fill cyber orders.

Which taxes?

By some metrics, New Jersey has some of the highest taxes in the U.S.  yet there are many, many warehouses there (including dozens along the Turnpike north of Exit 6).
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Takumi

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Re: Toys 'R' Us to file bankruptcy
« Reply #206 on: September 28, 2021, 12:11:45 AM »

The company is alive and well in South Africa.
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GCrites80s

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Re: Toys 'R' Us to file bankruptcy
« Reply #207 on: September 28, 2021, 12:14:24 PM »

Businesspeople say "Location, Location, Location" far more than they say "Taxes, Taxes, Taxes.
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Scott5114

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Re: Toys 'R' Us to file bankruptcy
« Reply #208 on: October 01, 2021, 05:30:54 PM »

The Toys R Us warehouse in Frederick, Maryland near the interchange of I-270 and MD-85 has been converted to a Kroger warehouse.  Which is interesting since there are no Kroger stores in the state (Kroger subsidiary Harris Teeter has a small presence in the state).  Apparently they will use this locations to fulfill cyber orders.

Kinda surprised they'd use a high-tax state to fill cyber orders.


The only tax that matters here would be whether Maryland levies property taxes on inventory or not. For a business the size of Kroger, the sales taxes are calculated based on where the customer lives, not where the warehouse is.
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GCrites80s

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Re: Toys 'R' Us to file bankruptcy
« Reply #209 on: October 01, 2021, 09:57:14 PM »

Yes inventory tax varies state by state. Ohio used to have inventory tax until about 2008. Federal inventory tax is 25% of wholesale cost as valued on January 1st of each year IIRC. An advantage for many retailers since they are often wiped out on January 1st but not Kroger so much since Christmas doesn't wipe them out very badly and their inventory needs to stay fairly steady the entire year.
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LM117

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Re: Toys 'R' Us to file bankruptcy
« Reply #210 on: December 02, 2021, 08:12:07 AM »

A new flagship store will open later this month at American Dream in East Rutherford, NJ.

https://www.prnewswire.com/news-releases/toysrus-opening-global-flagship-at-american-dream-301435070.html
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Re: Toys 'R' Us to file bankruptcy
« Reply #211 on: December 02, 2021, 11:47:16 AM »

A new flagship store will open later this month at American Dream in East Rutherford, NJ.

https://www.prnewswire.com/news-releases/toysrus-opening-global-flagship-at-american-dream-301435070.html
Hoorah! Maybe I’ll visit next year or in 2023. I’ve yet to visit the mall, BTW.
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Re: Toys 'R' Us to file bankruptcy
« Reply #212 on: December 02, 2021, 12:10:00 PM »

The haunted Toys Я Us in Sunnyvale is now a haunted REI.
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roadman65

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Re: Toys 'R' Us to file bankruptcy
« Reply #213 on: December 02, 2021, 12:16:00 PM »

Also Macy’s stores are selling Toys R Us toys this Christmas Season as well.

Macy’s must have deal with them of some sort.
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Re: Toys 'R' Us to file bankruptcy
« Reply #214 on: December 02, 2021, 12:19:15 PM »

Also Macy’s stores are selling Toys R Us toys this Christmas Season as well.

Macy’s must have deal with them of some sort.
Yes, to compete with Amazon. Amazon tried to advertise on the exterior of the flagship store of Macy’s (the Herald Square location), but that hasn’t gone over well.
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ET21

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Re: Toys 'R' Us to file bankruptcy
« Reply #215 on: December 03, 2021, 09:40:06 AM »

Also Macy’s stores are selling Toys R Us toys this Christmas Season as well.

Macy’s must have deal with them of some sort.

Yeah that's our local Toys R Us pitch
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WillWeaverRVA

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Re: Toys 'R' Us to file bankruptcy
« Reply #216 on: December 03, 2021, 10:34:19 AM »

Also Macy’s stores are selling Toys R Us toys this Christmas Season as well.

Macy’s must have deal with them of some sort.

Yeah, it's a "store-within-a-store" deal. Of course, Macy's isn't doing particularly hot at the moment either.
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Re: Toys 'R' Us to file bankruptcy
« Reply #217 on: December 03, 2021, 11:23:11 AM »

Can't wait for the Amazon Thanksgiving Day Parade in 2025.
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LM117

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Re: Toys 'R' Us to file bankruptcy
« Reply #218 on: July 18, 2022, 10:38:03 PM »

A deal with Macy's was announced today.

https://www.businesswire.com/news/home/20220718005254/en/
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kkt

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Re: Toys 'R' Us to file bankruptcy
« Reply #219 on: July 18, 2022, 11:45:40 PM »

Wow, I didn't realize Macy's OR Toys R Us still existed.
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