View Full Version : Toys"R"Us



acumpton
01-24-2018, 06:24 AM
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0ahUKEwiq1a3z2PDYAhUKSa0KHfC1CSkQqUMIKTAA&url=https%3A%2F%2Fwww.cnbc.com%2F2018%2F01%2F24%2F toys-r-us-to-close-180-stores-across-the-us.html&usg=AOvVaw0odQuSNLnpbN2aPyECYuVG

Two stores will be closing in the Metro area, including the one in Norman. That's going to be another hit on Ed Noble Parkway.

macfoucin
01-24-2018, 06:38 AM
:( <-- from my 5 year old

Soonerman
01-24-2018, 06:42 AM
Who's truly surprised to see the Crossroads location on the list??

jonny d
01-24-2018, 06:46 AM
Apparently Fort Smith is in OK ��

Jeepnokc
01-24-2018, 06:55 AM
Apparently Fort Smith is in OK ��

Fake News :Smiley122

stile99
01-24-2018, 07:09 AM
Who's truly surprised to see the Crossroads location on the list??

Two things surprise me. One, that this location has even lasted this long. Two, the company waited this long after the holidays to announce what we've all known was going to happen since months before the holidays.

Slight digression: During the holidays Toys R Us was running a 'new' ad, that was mostly a compilation of 'classic' ads, with a new line added to the famous "Toys R Us kid" song that was something to the effect of "We've always been your store and we'll always be here". It was a little bittersweet, since everyone knew that was a straight up lie.

jn1780
01-24-2018, 07:10 AM
I don't see Toys R Us as a whole lasting that much longer. If you go any other time besides Christmas, its dead. Getting killed by Amazon.

stile99
01-24-2018, 07:35 AM
i don't see toys r us as a whole lasting that much longer. If you go any other time besides christmas, its dead. Getting killed by mismanagement.

ftfy

John1744
01-24-2018, 07:59 AM
This really hits hard for me. I have a five year old and seeing the joy on his face when he get's a good report from Kindergarten or he's done something exceptional and I get to reward him with taking him to Toys R Us to pick out a toy is just so awesome. It's something the toy aisle at Walmart, Target or shopping online can never capture. Being able to take a kid to an entire building full of toys and seeing the wonder on their faces is so great. Not to mention all my great memories of Toys R Us growing up. Saving allowance for months on end to get the latest greatest Transformer.

Martin
01-24-2018, 08:12 AM
https://i.imgflip.com/17iek1.jpg

LocoAko
01-24-2018, 09:11 AM
ftfy

Yeah. Last time I went into the location at Quail Springs it was in total disarray. Empty sections of shelves, toys on the floor, not a whole lot of organization, etc. I cut them some slack because it was right after Christmas, but the place was dead and I didn't get the vibe things were going swell for them.

BLJR
01-24-2018, 10:24 AM
Sad to see them go. I have great memories of the Norman one, taking my son and shopping... good times. Amazon and the rest of the internet is killing them, coupled with the fact that kids playing more games and apps on digital devices. Waiting at a restaurant the other night, I saw a 3yr old playing something on the mom's phone, and you could tell the kid was a regular.

bchris02
01-24-2018, 10:29 AM
This really hits hard for me. I have a five year old and seeing the joy on his face when he get's a good report from Kindergarten or he's done something exceptional and I get to reward him with taking him to Toys R Us to pick out a toy is just so awesome. It's something the toy aisle at Walmart, Target or shopping online can never capture. Being able to take a kid to an entire building full of toys and seeing the wonder on their faces is so great. Not to mention all my great memories of Toys R Us growing up. Saving allowance for months on end to get the latest greatest Transformer.

I agree with this. Going to Toys R' Us as a kid was an experience I'll always remember. For me, it was the Crossroads location. Another one I miss is Kay-Bee Toys. Both were far superior to the toy section of Wal-Mart.

bchris02
01-24-2018, 10:30 AM
Sad to see them go. I have great memories of the Norman one, taking my son and shopping... good times. Amazon and the rest of the internet is killing them, coupled with the fact that kids playing more games and apps on digital devices. Waiting at a restaurant the other night, I saw a 3yr old playing something on the mom's phone, and you could tell the kid was a regular.

I was wondering...do kids even play with traditional toys anymore or is it all video games these days?

Ginkasa
01-24-2018, 10:34 AM
I was wondering...do kids even play with traditional toys anymore or is it all video games these days?

My kids will either be playing physical games, like tag and stuff, or they're on an iPad/Kindle. They have some traditional toys, but they don't play with them too often. My daughter more than my son.

chuck5815
01-24-2018, 10:57 AM
Don't worry guys. Jeff Bezos will have plenty of toys in stock at Amazon Go after he's run all of the traditional retailers out of town.

tfvc.org
01-25-2018, 02:56 PM
Don't worry guys. Jeff Bezos will have plenty of toys in stock at Amazon Go after he's run all of the traditional retailers out of town.

Not far off, last time I was in Whole Foods they had toys and teddy bears and all other kinds of crap stuffed in isles and end caps.

John1744
01-26-2018, 11:58 AM
We went by the crossroads location last night, our youngest turns one today and we were getting some toys and party supplies. Staff was in surprisingly good spirits and said most of the stock will get sent off to other stores but they will start having some clearance sales in the next couple of weeks.

warreng88
01-29-2018, 10:35 AM
Toys were us: Brokers will fill big-box vacancies

By: Molly M. Fleming The Journal Record January 26, 2018

NORMAN – The Parkway Plaza Shopping Center already had two vacant big-box stores, but another is looming.

The center is home to a Toys R Us. On Wednesday, the company announced it would close 182 stores, including the one at 560 Ed Noble Pkwy.

A closing date didn’t come with the announcement.

The Woodmont Co., based in Fort Worth, manages the shopping center. Broker Erik Coslik said the center has a history of stores with record-high sales. But that was before there was extensive work on the three bridges that lead traffic into the center. In the last five years, the Main Street exit has been redone, the Lindsey Street bridge was widened, and the Highway 9 bridge was realigned.

“We don’t want to say it’s causative, but it’s correlated,” Coslik said. “The decline in traffic on Ed Noble has corresponded to the road construction.”

The center is on the west side of Interstate 35 and has 85,000 vehicles pass it per day, according to Coslik’s sales brochure. The average household income within 3 miles is about $74,000.

The center has lost an Office Depot and a Michaels as well. The Office Depot space measures 23,500 square feet. The Michaels measures 23,786 square feet. There are several small shop spaces available, as well as a 3,000-square-foot restaurant pad site.

Coslik said the Ross Dress For Less has maintained healthy sales, often beating the national chain average.

He said he was in lease negotiations to fill the existing anchor spaces. While it may seem like the list of big-box stores is dwindling, that’s not exactly the case, said Daniel Taylor, CBRE’s managing director for retail for the south-central U.S.

Brands like Aldi and At Home are expanding, as well as discount retailers, such as Marshalls. He said the retailer that will backfill a Toys R Us will have to be considered on a case-by-case basis and will require looking at what’s missing in each market.

“There’s always interest for good locations,” he said.

Nationwide, fitness centers and grocery stores have been known to take some empty places in retail centers. But at Parkway Plaza, those are on the prohibitive uses list, though there is some flexibility, Coslik said. If he can get all the parties to agree, they could sign a waiver to allow such a use.

Woodmont recently brought in three new tenants for a former Kmart. Coslik said it was a complicated process, especially with three companies involved, but Woodmont was successful.

“The art of the possible requires time and money and diligence,” he said. “Hopefully as traffic patterns return, the fundamentals will improve.”

Taylor said he had a meeting with several of CBRE’s retail brokers this week, and they told him there are still companies seeking the large space, though they will likely fill an empty spot rather than build new. New construction is down a little, he said.

While he and other brokers are optimistic the Toys R Us spaces will get filled, it will likely take longer than it did in the past.

jn1780
03-09-2018, 01:08 PM
Not looking good for Toys R US. Makes me sad. Sad that they didn't have better forward thinking management and sad that kids are more interested in video games, tablets, and cell phones.

https://www.bloomberg.com/news/articles/2018-03-08/toys-r-us-said-to-be-prepping-liquidation-of-u-s-operations

T. Jamison
03-09-2018, 03:35 PM
It's not exactly Toy's R Us' fault. The private equity firm that purchased Toys R Us used a significant amount of debt, and then put it on their books. It is a common theme in the numerous retailers that have filed for bankruptcy in recent years.

https://www.marketplace.org/2018/03/06/business/toys-r-us-and-how-retail-downturn-story-about-debt

Richard at Remax
03-10-2018, 09:00 AM
Not to pile on to Toys R Us, but having 2 small children I frequent it a good amount. The in store experience is terrible. Terrible management, rude and uninterested employees, very unorganized. With so many better options out there for buying, esp online, it's no surprise to me. Like a lot of the stores I grew up with, some decided not to change with advances in technology. Most of those are out of business.

SoonerDave
03-10-2018, 11:25 AM
Not looking good for Toys R US. Makes me sad. Sad that they didn't have better forward thinking management and sad that kids are more interested in video games, tablets, and cell phones.

https://www.bloomberg.com/news/articles/2018-03-08/toys-r-us-said-to-be-prepping-liquidation-of-u-s-operations

The whole definition of "toys" changed in a single generation. I vividly remember going through the halls of older-style toy stores right here in OKC from Toys by Roy in Crossroads, Toy City (IIRC) next door to Wehba's on SW 74th and Walker, Kiddie City at SW 59th and Western, and even the toy department of the old TG&Y at SW 74th and Penn. Toys, back then, ran the gamut; puzzles, models, games, magic tricks, home versions of game shows, building sets like Tinkertoys, Lincoln Logs, and Legos - back when imagination was more important than building something to match whatever picture was on the boxfront. You could get small pool tables, toy pinball machines, miniature bowling sets, backyard gyms -- everything.

Now, all those things are increasingly reserved to niche stores and specialty shops, if you can find them at all. And that started before Amazon emerged. Combine that with the age of electronic games and cell phones, and you've changed a whole industry in just a few years.

For older (not yet old, mid-50's) fogies like me, that's really sad. Games and toys of that generation required thought and imagination, and both sem to have fallen out of favor these days.

mugofbeer
03-11-2018, 10:40 PM
CNBCs early morning crew briefly mentioned the possibility the entire chain would possibly be liquidated. Asvhas been mentioned, Wal Mart was the first sword stabbing but Amazon's finishing them off.

BBatesokc
03-12-2018, 04:59 AM
I have to buy toys from time to time for cousins, grand baby, friends kids, etc. Every time I walked into a Toys R Us I could beat their price fairly significantly by shopping online. That and the fact I'd have to drive across town to get to their closest location and they just were not on my list unless I had to have it right now.

As for kids habits in toys changing.... If they are toddler to pre-teen, and they prefer an electronic game or videos to more imaginative and physical toys, then that's the parent's fault. Most parents I know personally don't allow their kids to play video games or watch YouTube videos for more than about 45 minutes a day. If you don't condition kids for that, I find they actually prefer the Legos, playing outside, etc.

Pete
03-14-2018, 05:25 PM
The entire chain -- 800 stores -- is closing:

http://money.cnn.com/2018/03/14/news/companies/toys-r-us-closing-stores/index.html

stile99
03-14-2018, 06:08 PM
Anyone holding gift cards, get in there right now and try to use them.

no1cub17
03-15-2018, 10:33 AM
very sad - we got eclipse glasses from there - impossible to find otherwise!

Mr. Cotter
03-15-2018, 01:03 PM
Babies R Us will also close. With local shops Storkland and Uptown Kids having closed within the last year, this will leave Green Bambino and a few used/consignment shops left as the only retail selling baby supplies exclusively. I expect the shopping will just push to Target, Walmart and Amazon, but I would like to see Buy Buy Baby, owned by Bed Bath & Beyond, put a store here.

SoonerDave
03-15-2018, 01:20 PM
Anyone holding gift cards, get in there right now and try to use them.

If individual stores start selling out to liquidators individually, you probably won't be able to use them (at those locations).

stile99
03-15-2018, 04:10 PM
If individual stores start selling out to liquidators individually, you probably won't be able to use them (at those locations).

That's why sitting on them is a very very bad idea.

Zorba
03-15-2018, 10:09 PM
Babies R Us will also close. With local shops Storkland and Uptown Kids having closed within the last year, this will leave Green Bambino and a few used/consignment shops left as the only retail selling baby supplies exclusively. I expect the shopping will just push to Target, Walmart and Amazon, but I would like to see Buy Buy Baby, owned by Bed Bath & Beyond, put a store here.

Luckily we are just about the out grow the Babies R Us age with DD, but it would be horrible to have be having a kid in OKC after BRU closes, there are just really no other place to look at/get decent baby gear in the metro. I personally hope and think someone will buy up BRU in the fire sale. If not, hopefully Buy Buy Baby comes soon, but they like putting them in next to Bed Bath & Beyond, and I don't think they like any of their options here without moving the BB&B as well.

jn1780
03-16-2018, 07:10 AM
Luckily we are just about the out grow the Babies R Us age with DD, but it would be horrible to have be having a kid in OKC after BRU closes, there are just really no other place to look at/get decent baby gear in the metro. I personally hope and think someone will buy up BRU in the fire sale. If not, hopefully Buy Buy Baby comes soon, but they like putting them in next to Bed Bath & Beyond, and I don't think they like any of their options here without moving the BB&B as well.

Babies R Us seems like too large of a box store for someone to want to buy plus it won't have the Toys r Us distribution system. With Babies R Us out of the market, that may entice other players to enter or expand their operations. I think Amazon needs a showroom type of store.

Eric
03-16-2018, 11:43 AM
Luckily we are just about the out grow the Babies R Us age with DD, but it would be horrible to have be having a kid in OKC after BRU closes, there are just really no other place to look at/get decent baby gear in the metro. I personally hope and think someone will buy up BRU in the fire sale. If not, hopefully Buy Buy Baby comes soon, but they like putting them in next to Bed Bath & Beyond, and I don't think they like any of their options here without moving the BB&B as well.

That is what happened in Tulsa. Bed Bath moved east on 71st and simultaneously opened a Buy Buy Baby right next door.

Personally I think Babies R Us lost its way a while ago. I still have a 1 year old in the house and haven't been in over 3 years. There are better options out there. Same for Toys R Us. It is sad to see them go, but will not effect our lives one little bit.

scottk
03-20-2018, 08:41 PM
I know it's early in the game, but any guesses on what will happen to the four OKC locations? 3 out of 4 are in heavily occupied shopping centers. It would seem both Belle Isle and Quail Springs would find tenants quickly assuming they purchase the store from Toys R Us?

As mentioned above, Bed Bath and Beyond may try to expand their Buy Buy Baby Brand to OKC. I could also see Hobby Lobby purchasing the location at Penn and Memorial and launching another Mardel since Hobby Lobby and Hemispheres are basically in the same parking lot. More 24 hour mega-gyms? Sporting Goods Stores?

Babies R Us - Belle Isle
Toys R Us Quail Springs - Penn and Memorial
Toys R Us Crossroads - I35 and SE 66th
Toys R Us Norman - Ed Noble Parkway

jn1780
03-20-2018, 09:38 PM
I know it's early in the game, but any guesses on what will happen to the four OKC locations? 3 out of 4 are in heavily occupied shopping centers. It would seem both Belle Isle and Quail Springs would find tenants quickly assuming they purchase the store from Toys R Us?

As mentioned above, Bed Bath and Beyond may try to expand their Buy Buy Baby Brand to OKC. I could also see Hobby Lobby purchasing the location at Penn and Memorial and launching another Mardel since Hobby Lobby and Hemispheres are basically in the same parking lot. More 24 hour mega-gyms? Sporting Goods Stores?

Babies R Us - Belle Isle
Toys R Us Quail Springs - Penn and Memorial
Toys R Us Crossroads - I35 and SE 66th
Toys R Us Norman - Ed Noble Parkway

I know the crossroads location isn't going to find a new tenant anytime soon. Ed noble probably won't either. If Hobby Lobby wanted another Mardel they would continue the least at the location their about to leave. I don't think Mardel is really a money maker for Hobby Lobby.

d-usa
03-21-2018, 05:13 AM
The Hobby Lobby at Quail Springs is also moving out of their current location, so It seems like it would make sense for them to move a Mardel into the old store if they wanted one there.

scottk
03-21-2018, 09:38 PM
The Hobby Lobby at Quail Springs is also moving out of their current location, so It seems like it would make sense for them to move a Mardel into the old store if they wanted one there.

I must have missed that from a previous post that Hobby Lobby is moving into the old Gordman's location, adjacent to Best Buy and will have visibility along Memorial Road and the Kilpatrick Turnpike, though the square footage between the two stores will remain about the same.

http://newsok.com/article/5578279/hobby-lobby-relocating-north-oklahoma-city-store

September 2018 is the anticipated move, which means the strip center they are currently located in, may have two giant vacancies with Toys R Us and Hobby Lobby both leaving soon.

erasmusred
03-22-2018, 06:48 AM
I was intrigued by the news that there is a chance that KayBee Toys may emerge from Toys R' Us' ashes. I wonder what the likelihood is that Oklahoma City would see one of these pop-up. It was never on par with Toys R Us' size, but would fill a void left by their departure where some toys just don't exist in other retailers. Here is a link to the article: http://money.cnn.com/2018/03/20/news/companies/kb-toys-toys-r-us/index.html.

T. Jamison
03-22-2018, 10:03 AM
Amazon Considers Buying Some Toys-R-Us Stores (https://www.bisnow.com/national/news/retail/amazon-considers-buying-some-toys-r-us-stores-86382)

Jersey Boss
03-22-2018, 01:43 PM
Another potential buyer enters the fracas.
http://www.msn.com/en-us/money/companies/toy-company-ceo-leads-effort-to-salvage-toys-r-us/ar-BBKxNlL?li=BBnb7Kz

NEW YORK Toy company executive Isaac Larian and other investors have pledged a total of $200 million and hope to raise four times that amount in crowdfunding in a bid to save potentially more than half of the 735 Toys R Us stores that will go dark in bankruptcy proceedings.

Jersey Boss
03-22-2018, 01:57 PM
Sad news for all. Even though he was 94, the bankruptcy of his company could not have helped his well being.
https://www.bloomberg.com/news/articles/2018-03-22/charles-lazarus-who-founded-toys-r-us-retailer-dies-at-94

d-usa
04-05-2018, 10:26 AM
Went to the Quail Springs store today to pick up some things for my wife’s office.

They have the huge “EVERYTHING up to 30% OFF” banners hanging everywhere. The only thing I noticed at 30% was wrapping paper and paper gift bags. Everything else was 10%, with some stuff still at 5%.

Even in death, it was just a perfect reminder of why the business failed.

jompster
04-05-2018, 01:00 PM
The other ones were that way, too. The "up to" was tiny and going inside just led to aisles of disappointment.

I always thought the company grew bigger than its footprint allowed. They would have been better off keeping the stores to one or two in each state to make it more of a destination if they weren't going to keep their prices lower.

Plutonic Panda
04-14-2018, 03:23 PM
Jompster, if this deal happens what you said might end up happening minus the less locations or not, the details still seem foggy.

https://www.nbclosangeles.com/news/local/Van-Nuys-Toy-Mogul-Makes-Bid-for-Toys-R-Us-Stores-479746933.html