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Thread: Toys R Us
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March 17, 2018, 06:45 PM #1
Toys R Us
https://www.nytimes.com/2018/03/15/b...ankruptcy.html
http://money.cnn.com/2018/03/15/news...ame/index.html
$5 billion in debt on $6 billion in revenue. Every penny went to fund the debt leaving nothing for staff, fixing up the stores, online, etc.My Systems: http://www.audioshark.org/showthread...481#post158481
"We can hear everything we measure, but we can't measure everything we hear. Let your ears be your guide."
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March 17, 2018, 07:33 PM #2
Re: Toys R Us
Sent from my SM-G935V using Tapatalk
"He who fights with monsters should look to it that he himself does not become a monster. And when you gaze long into an abyss the abyss also gazes into you." Friedrich Nietzsche
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March 17, 2018, 08:34 PM #3
Re: Toys R Us
Whew! I thought for a minute Mike was closing!
Larry
Lumin U1
Chord Dave Dac
Vac Master Preamp
Vac 200IQ Amp
Magico S3 Mk2 in Mcast Pewter
Denali 6000S
Ansuz and MIT cabling
Timbernation walnut racks
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March 18, 2018, 12:43 AM #4
Re: Toys R Us
Mike - Very telling about how some of these businesses are being run. The company goes out of business, over 30K people loose their jobs...
“company was taken private by KKR, Bain Capital and real estate firm Vornado. The $6.6 billion purchase left it with $5.3 billion in debt secured by its assets and it never really recovered.”
No way this business was ever going to make it with this kind of debt yet someone made a ton of money...
BTW, I do not intend to create an argument or for this to be inflammatory. The math was never going to work; specially in the current state of retail._______________
Mike
Amplification: MBL 6010D, MBL 9008A Monos
Analog: Kuzma R, Kuzma 4Point (11”), MSL Ultra Eminent EX
Phono Pre: Pass XP-27
Digital: Esoteric N01XD Esoteric K05
Speakers: MBL 101E MKII
Subwoofers: REL Carbon Specials
Conditioner: Shunyata Triton 3
Power Cables: Shunyata Sigma 1 & 2, Alpha 2, Delta and Venom
ICs and SCs: Wireworld Platinum 8
Rack: Artesania Exoteryc
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March 18, 2018, 10:15 AM #5
- Join Date
- Aug 2014
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Re: Toys R Us
likely this has little to do with miss management. it's just a can't win situation.
shopping malls are closing or if they are in a hot market they are being re-born and re-tasked.....adding housing and office. where people live near shopping. people are choosing to shop on line and a tipping point has passed that critical point.
Amazon, Wall Mart, Costco and Target (both brick and mortar and on line presence) are driving big box brands such as Toys R Us out of business. if your business is based on someone getting in a car and driving to you, the clock is ticking. Luxury brands such as Nordstrom or Neiman Marcus do ok by being in exactly the right locations, and being premium. but if you are mainstream with mainstream products then web shopping is coming to get you, and mostly they already have.
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March 18, 2018, 05:00 PM #6
Re: Toys R Us
I spent the latter part of my career as an executive of a large retailer that is going through transformation (most of them are going through transformation). Transformation and change has become the way of conducting and running a retail business. If a retailer is strapped for cash and is not able to modernize and deploy technology, it is condemned to die (some faster than others).
Competition in the retail space is fierce. In order to compete, retailers must offer the right merchandise at the lowest possible price (with full online price visibility) and they must get it to customers quickly with free shipping. That’s what customers expect these days.
This business model is much more expensive than the traditional retail store environment of the last hundred years. At this point, the winners are those that are able to operate efficiently and effectively across retail channels - physical stores and e-commerce. Amazon purchased Whole Foods recently, Walmart has purchased e-comm companies like Jet.com, Kroger just announced an acquisition and Target is also investing heavily.
Indeed, retail is changing and will continue to change at a frantic rate. We will see many of the traditional retailers disappear; however, will see new ones come to life.
A fascinating time. Technology will drive a lot of change in our lives. How we shop is only one aspect.
Now, back to the NCAA tourney..._______________
Mike
Amplification: MBL 6010D, MBL 9008A Monos
Analog: Kuzma R, Kuzma 4Point (11”), MSL Ultra Eminent EX
Phono Pre: Pass XP-27
Digital: Esoteric N01XD Esoteric K05
Speakers: MBL 101E MKII
Subwoofers: REL Carbon Specials
Conditioner: Shunyata Triton 3
Power Cables: Shunyata Sigma 1 & 2, Alpha 2, Delta and Venom
ICs and SCs: Wireworld Platinum 8
Rack: Artesania Exoteryc
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March 18, 2018, 08:42 PM #7
Re: Toys R Us
Can we talk about retail some more? My heels just lost by 21 in the round of 32. Oh well, it was a great couple of years.
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March 19, 2018, 09:22 AM #8
Re: Toys R Us
Amazing what Internet shopping can do to businesses.
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March 19, 2018, 03:24 PM #9mauidanGuest
Re: Toys R Us
AudioShark - The Best High End Audio Discussion forum.
AudioShark forum is a leading forum site for High End Audio Discussion, Stereo System Discussion, Home Theater System Discussion, Best Home Stereo System Discussion, Home Theater Installation Discussion etc.
The AudioShark forum was created for sharing the passion of high-end Audio. We have Audiophiles from all over the world participating and sharing their knowledge. From novice to experts, you will find a friendly environment for discussing about High End Audio, Stereo System, Home Theater System, Home Stereo System, Home Theater Installation, Amplifiers, Speakers, Subwoofers, Integrated System, Acoustic treatments & Digital Room Corrections and many more.
At AudioShark, we also have incorporated an exciting Marketplace where members can peruse terrific buys on used gear, as well as meet dealers and discuss the purchase of new gear.
We are as crazy about this hobby as you are! So come on in and join us! Audioshark.org the Friendliest Audio Forum!
Industry Participation Disclosure : The owner and administrator of Audioshark is the owner of Suncoast Audio LLC in Sarasota Florida. Suncoast Audio has a full brick and mortar presence in Sarasota with several great show rooms with many world class brands. More information can be found at http://www.suncoastaudio.com
Audioshark is a community of like minded individuals. Audioshark welcomes participation from all manufacturers and owners of all brands and products. It is our belief that online forums provide a community of like minded audiophiles and music lovers to encourage the growth of this wonderful hobby.
Sincerely,
The Audioshark.org Team
AudioShark forum is a leading forum site for High End Audio Discussion, Stereo System Discussion, Home Theater System Discussion, Best Home Stereo System Discussion, Home Theater Installation Discussion etc.
The AudioShark forum was created for sharing the passion of high-end Audio. We have Audiophiles from all over the world participating and sharing their knowledge. From novice to experts, you will find a friendly environment for discussing about High End Audio, Stereo System, Home Theater System, Home Stereo System, Home Theater Installation, Amplifiers, Speakers, Subwoofers, Integrated System, Acoustic treatments & Digital Room Corrections and many more.
At AudioShark, we also have incorporated an exciting Marketplace where members can peruse terrific buys on used gear, as well as meet dealers and discuss the purchase of new gear.
We are as crazy about this hobby as you are! So come on in and join us! Audioshark.org the Friendliest Audio Forum!
Industry Participation Disclosure : The owner and administrator of Audioshark is the owner of Suncoast Audio LLC in Sarasota Florida. Suncoast Audio has a full brick and mortar presence in Sarasota with several great show rooms with many world class brands. More information can be found at http://www.suncoastaudio.com
Audioshark is a community of like minded individuals. Audioshark welcomes participation from all manufacturers and owners of all brands and products. It is our belief that online forums provide a community of like minded audiophiles and music lovers to encourage the growth of this wonderful hobby.
Sincerely,
The Audioshark.org Team
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