Tag: Toys R Us (Page 2 of 15)

Toys R Us’ bankruptcy court hearing was yesterday and they’ve announced that the going out of business sales will being Thursday for the rest of the stores with it running until June or earlier if inventories sell out quicker. Toys R Us says they are working to make the maximum payments they can to the vendors as well as the banks as they are starting to close down more than 700 stores. They are also wanting to stop more than $450 million in payments to suppliers which is a move that will hurt smaller toy companies on their books.

According to a report by Reuters, there are more than 50 vendors, including LEGO, that have objected to the liquidation. Obviously LEGO would like to have their products back instead of having it sold at lower prices in order to make payments to the banks. This corresponds to the memo that I reported on seeing the other day that lists LEGO on the “Do Not Liquidate” list but there are also reports that some stores have listed LEGO sets at 10% off which are probably the older ones.

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As we know by now, barring any miracles, all of the Toys R Us stores in the US will be closing in a few months and the main questions are will there be any LEGO sales and what will happen to the TRU exclusives. From the memo that I saw at work, all of the current promotions that are going on will finish out and the liquidation sales that people have been waiting for will start soon unless your store was from the initial wave of closings that were announced.

Also on the memo was the “Do Not Liquidate” list which includes LEGO. From what I saw, it pretty much included all of the newer LEGO sets. It has been talked about around the LEGO community that TRU will be sending all their LEGO products back to LEGO themselves and there will be no sales on the sets, at least the more recent ones. It’s nice to finally see some confirmation and stop with the guessing on whether or not there will be LEGO sales during the liquidation.

As for the TRU exclusives like the Bricktober sets or polybags, it’s hard to say what will happen to them at this time. Since LEGO probably has the rest of the year planned out already, they may have to do some reorganizing for the distribution or delay them. For example, it would be weird to send TRU labeled Bricktober sets to other retailers like Target and that won’t happen. It wouldn’t be a surprise if LEGO made a … Continue

You may have already heard this on the news but The Wall Street Journal is reporting that Toys R Us may close another 200 stores in addition to the 180 that was previously announced last month. This reported wave of closings will cut the number of stores in the US nearly in half. Honestly, I didn’t hear anything about the closings when I went in to work today after I read up on a few articles before going in. Supposedly there was a also conference call to discuss the future plans but I don’t see any articles of the results. I’ll see what information is known when I go back tomorrow.

If the new closings are true, that means it’ll be even harder for LEGO fans to get some of the exclusive items like polybags various sets that Toys R Us carries. It’ll be interesting to see if these exclusives are shifted to other retailers like Walmart and Target. To be fair, even though I work at Babies R Us, I do like shopping at TRU for some of the LEGO exclusives as well other stuff I collect. The only thing that bugs me about this whole thing is the bonuses that go to the executives instead to using this money to reinvest into the company. Maybe that’s not how it works and why I run a LEGO blog instead of a large company.

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This Saturday, February 10 from 12-2pm local time, Toys R Us will be holding a LEGO Heroes Needed Build & Play Event at all locations. Kids will be able to participate in a super hero mask giveaway as well as building with LEGO to create something unique. You can also get a one-day, in-store only coupon for 40% off selected LEGO sets. You can do reservations but you can also just show up as well. The main draw of the even is the 40% off coupon but it also depends on what sets you can use it on.

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