Why is Toy R Us still shopping if they are declaring bankruptcy?

just curious

Edited 1 time(s). Last edit at 09/20/2017 01:41AM by fluteplaya.

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Because bankruptcy is so they can restructure, not close the company.

Is this to fulfill a contract? To identify locations that might survive? I will look up the details of that situation tomorow.

*edit* Someone answered while I was typing.

Nature does not hurry, yet everything is accomplished. - Lao-Tzu

Edited 1 time(s). Last edit at 09/20/2017 02:58AM by Shop-et-al.

Other than a registry, I have never shopped TRU in 20 years.

When I did a lot of merchandising, one of the companies I worked for was Premium Retail Services. We had LOTS of work in TRU. I've been away from that since around 2014, so not sure if they are still in TRU that often, but when I worked for them, I'd be in there sometimes twice a week, several hours each visit.

There is another discussion about this in the merchandising threat.

A lot of companies, continue business as usual, until final decisions are made on what to cut, stores to close, and things like that.

Stores are staying open, so why NOT be shopped. I haven't been in a TRU in 30 years, maybe lowering prices may have helped...they will close unproductive stores and restructure...this has happened to Sears, Macy's,
and a slew of others as online shopping takes over.

Live consciously....

Like the poster above said. It is for restructuring of debt. Chapter 11 bankruptcy. Gives the company a chance to come out stronger while leaving the vendors holding the bag of a lot of unpaid debt. We may be the only country that does this. Theory is that a restructure hurts the overall economy less than going out of business. Sucks for Hasbro and Mattel. Their stocks took a hit immediately after the announcement. Our company is eating money on it since we are a logistics partner for them.

In their restructuring customer service issues would need to be addressed in order for them to have a turn around after the bankruptcy. Mystery shopping seems like a good use of their money to see what is actually going on in the stores. First impressions of customers are lasting impressions and all that. My company ( a large medical center) hired outside companies several times while I worked there.They were not going out of business but they were trying to improve on an already good experience for our customers and streamline some things for better use of their money. They spent millions to have a professional company look at the jobs that were being performed and how things were done. Part of it was how staff greeted customers both on the phone and walk ins. They could have asked me for advice. As an employee I would have suggested the same things for free! As a mystery shopper my suggestions would have cost them less than $20. (plus what the msc charged).

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Why is Toy R Us still shopping if they are declaring bankruptcy?

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