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We also have to consider the possibility that Lampert may be stupid as hell. Just a real loving moron. Dumber than dirt.
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Dec 29, 2018 06:43
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Ape Has Killed Ape posted:We also have to consider the possibility that Lampert may be stupid as hell. Just a real loving moron. Dumber than dirt.
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Dec 29, 2018 06:54
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And the Scandinavian licensee of Toys R'us just went bankrupt, alongside some 200 stores running under a local brand. The reasons? Pretty much the same as the American one, inability to adapt to a change in demand, a capital fund being idiots and the stores being kinda poo poo. Now what? Well, the banks have taken over and will either liquidate or reorganize, depending on profitability.
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Dec 29, 2018 13:50
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RagnarokZ posted:And the Scandinavian licensee of Toys R'us just went bankrupt, alongside some 200 stores running under a local brand. Yep. RIP the only Toys R Us in Iceland.
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Dec 29, 2018 19:37
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poopinmymouth posted:Yep. RIP the only Toys R Us in Iceland. Gotta an old friend who works, well not anymore, for the local Toys R'us, gotta get in touch with him again, see if his store's gonna survive.
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Dec 29, 2018 21:42
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RagnarokZ posted:And the Scandinavian licensee of Toys R'us just went bankrupt, alongside some 200 stores running under a local brand. Yep, RIP all toy retail stores in Finland, all of the rest went at the same time with BR Toys and TRU. And the by margin-% and volume the largest local retail chain of toys and board games went under two years ago. Now the Amazon.de is all we have.
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Dec 31, 2018 19:41
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Sears might be dead for real unless Lampert can shove even more money at it. 
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Jan 8, 2019 06:09
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Balliver Shagnasty posted:Looks like Eddie's thrown more money on the bonfire: https://www.cnbc.com/2018/12/28/sears-chairman-eddie-lampert-submits-bit-for-company.html 'Nother scorcher!"
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Jan 8, 2019 08:12
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Toys R Us left living only in Japan is cool and I hope that is what happens.
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Jan 8, 2019 08:52
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The owners of Toys r us’s Asian franchise actually own the entire brand now, I think, and are planning to expand it further in Asia.
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Jan 8, 2019 09:51
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Vegetable posted:The owners of Toys r us’s Asian franchise actually own the entire brand now, I think, and are planning to expand it further in Asia. Didn't something like this happen to 7-11?
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Jan 8, 2019 09:52
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Der Kyhe posted:Yep, RIP all toy retail stores in Finland, all of the rest went at the same time with BR Toys and TRU. And the by margin-% and volume the largest local retail chain of toys and board games went under two years ago. Now the Amazon.de is all we have. Well, Lautapelit.fi is still in the game but to be frank I don't think I have seen an actual toy store that wasn't BR Toys, TRU or some really small "handmade dolls etc" kind of place for years.
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Jan 8, 2019 10:24
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CNBC is reporting that Lampert’s bid failed and the company will announce liquidation this morning
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Jan 8, 2019 15:29
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FlamingLiberal posted:CNBC is reporting that Lampert’s bid failed and the company will announce liquidation this morning  YESSSSSSSSSSSSSS Maybe minneapolis can finally get our loving road back before I die!
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Jan 8, 2019 16:42
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I think you mean Sears Holdings Lane, the new super consumer-friendly toll road! Download the app!
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Jan 8, 2019 16:46
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I mean, 68,000 people are going to lose their jobs....
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Jan 8, 2019 16:47
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Rick posted:Toys R Us left living only in Japan is cool and I hope that is what happens. Toys R Us is still hanging around in Canada. I was wondering about that so I googled it and they’re Canadian owned and separate from the US side of things.
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Jan 8, 2019 16:55
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The Black Stones posted:Toys R Us is still hanging around in Canada. I was wondering about that so I googled it and they’re Canadian owned and separate from the US side of things. in fact, IIRC they actually loaned the US one billions of dollars at one point.
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Jan 8, 2019 17:30
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Someone is finally putting Sears out of their misery. It sucks for the workers, but at least the job market is good. This would have hurt more if it happened in 2009. Vegetable posted:The owners of Toys r us’s Asian franchise actually own the entire brand now, I think, and are planning to expand it further in Asia. So Toys R Us is the Kenny Rogers Roasters of the toy business in Asia. Gone from America, but thriving in the Far East.
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Jan 8, 2019 17:41
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Just like traditional Japanese Mister Donut.
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Jan 8, 2019 17:49
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Krispy Wafer posted:It sucks for the workers, but at least the job market is good. ahhaahahahahahah no it's not.
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Jan 8, 2019 18:47
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Krispy Wafer posted:at least the job market is good hahahahahahahahahaha
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Jan 8, 2019 18:54
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Lackmaster posted:hahahahahahahahahaha Having no job in 3.9% unemployment market is infinitely better than losing your job with 9% unemployment. If you’re still getting a Sears paycheck in 2019 then you take whatever positive news you can get.
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Jan 8, 2019 19:35
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Krispy Wafer posted:This would have hurt more if it happened in 2009. This was Eddie's plan all along. He was sacrificing his money to save the workers and give them a better chance in the future. Eddie knows all. He is the working man's savior.
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Jan 8, 2019 19:47
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Now there is reporting that a deal may have been reached at the last minute to stop a liquidation
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Jan 8, 2019 20:28
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FlamingLiberal posted:Now there is reporting that a deal may have been reached at the last minute to stop a liquidation CNN - Sears reaches 11th hour deal to stay in business
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Jan 8, 2019 20:43
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FlamingLiberal posted:Now there is reporting that a deal may have been reached at the last minute to stop a liquidation
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Jan 8, 2019 20:57
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People's jobs notwithstanding why would you even want to keep Sears open at this point
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Jan 8, 2019 21:18
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Glenn Quebec posted:People's jobs notwithstanding why would you even want to keep Sears open at this point I did think they would not make it to holiday season of last year but somehow they continue to struggle along.
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Jan 8, 2019 22:55
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He has less than one day to come up with $120 million in liquid cash. That's a tall order even for a billionaire.
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Jan 9, 2019 02:18
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A revised bid was submitted before the deadline so Sears will live on for now
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Jan 10, 2019 02:24
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The back and forth of this saga reminds me of a certain political and media circus back in 2005, although that involved a human and not a large retail chain.
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Jan 10, 2019 07:22
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Don Gato posted:Didn't something like this happen to 7-11? Potentially, depending on how successful it is when they bring the chain back to the US. But yeah basically some mismanagement drove a previously successful 7-11 business off a cliff and the Japanese wing scooped it up in bankruptcy and now runs the whole thing.
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Jan 10, 2019 08:18
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Remember when being open from 7 to 11 meant you were unique.
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Jan 10, 2019 13:33
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Krispy Wafer posted:Remember when being open from 7 to 11 meant you were unique. 7 hours a day, 11 days a week
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Jan 10, 2019 13:41
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So Petco bought Foster and Smith a year or two ago, and now surprise surprise, they're closing it down.
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Jan 10, 2019 14:17
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Teriyaki Hairpiece posted:The back and forth of this saga reminds me of a certain political and media circus back in 2005, although that involved a human and not a large retail chain. The difference is that Eddie Lampart is the one paying for his religious hubris, not the rest of us.
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Jan 11, 2019 16:27
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What do you mean "back", there's still 7/11 here
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Jan 11, 2019 17:54
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ElwoodCuse posted:What do you mean "back", there's still 7/11 here It's very regional. We have no 7-11's anywhere near where I live so it's always novel seeing one. But yeah, they're still around. From what I remember corporate pissed off a lot of franchises and ran everything terribly, but they didn't go out of business.
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Jan 11, 2019 18:11
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there are a ton of 7-11s on the west coast of florida, though when I moved to central florida there is not a single one within a 50-100 mile radius
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Jan 11, 2019 18:13
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