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Toys ‘R’ Us Plans Bankruptcy Filing Amid Debt Struggle

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Re: Toys ‘R’ Us Plans Bankruptcy Filing Amid Debt Struggle

#171

Earlier quoted context omitted.

I'll also note that in the time since Dave left Dominoes, their stock has outperformed Amazon, Google, Microsoft and Apple, with slightly under 12x returns in the last 10 years. Since Dave left Michigan, the interim AD hired Jim Harbaugh, and the football program is now regularly in top 10 in the nation.

So now's the time to buy Toys R Us stock?

Its private.

bought out by capital companies (Bain, vornado...) in 2005.

http://money.cnn.com/2005/03/17/news/fortune500/toysrus/inde...

Re: Toys ‘R’ Us Plans Bankruptcy Filing Amid Debt Struggle

#172
post #156

Earlier quoted context omitted.

Toy stores are a _great_ example of opportunity for brick and mortar. Just like book stores, they operate in a space where curation, discovery and the physical experience adds real value. The town I grew up in has a great independent toy store, and I make it a point to shop there every time we're in town. Every time I find something unique that I would have never looked for on Amazon, and often I'm hooked by the tact…

I think the place brick and mortar seems to do well is where the store adds value over just selling merch. You go to Home Depot for expertise as much as for parts. You go to a local boardgame store for recommendations and events. You go to a toy store to get your hands on them and leverage staff expertise and curated inventory. The only big problem with this approach is showrooming. Toys r us or best buy carry bad pr…

There's a lot here I agree with, but...

>You go to Home Depot for expertise as much as for parts

Has not been my experience. Ace hardware is a little better, but not much.

I suppose sometimes they get lucky and a knowledgeable retiree is willing to work for those wages.

Re: Toys ‘R’ Us Plans Bankruptcy Filing Amid Debt Struggle

#173
post #121

The CEO of Toys 'R' Us as of 2015 is Dave Brandon. He was the former CEO of Dominoes Pizza. After he left Dominoes in 2009 is when they started the "We used to suck, we don't anymore, please come try us again!" advertising campaign. After Dominoes, Dave Brandon was the athletic director at the University of Michigan. During his time as AD, he managed to alienate the majority of the fan base, hire a coach who got wors…

I just sat through a meeting with a bunch of high-level execs at a huge corporation. The amount of shrugging and barely educated guessing that goes into million dollar decisions is pretty absurd. The main qualification seems to be the willingness to make decisions in the face of uncertainty.

I have no experience at that sort of level, so can't speak to your experience, but being able to make decisions in the face of uncertainty is black magic to me. I think there is definitely value in being able to do it.

Re: Toys ‘R’ Us Plans Bankruptcy Filing Amid Debt Struggle

#174
I'm not surprised. They sell pure garbage. Every single time I go there to get a toy for my kid, I can't pick anything. I end up spending an hour walking around choosing the best of the worst and keep repeating to to myself something like: "Where does this shitty store get the money to pay the rent?"

Re: Toys ‘R’ Us Plans Bankruptcy Filing Amid Debt Struggle

#175

I'm not surprised. They sell pure garbage. Every single time I go there to get a toy for my kid, I can't pick anything. I end up spending an hour walking around choosing the best of the worst and keep repeating to to myself something like: "Where does this shitty store get the money to pay the rent?"

While I agree... as a kid I have very fond memories... makes me kind of sad. I see the same excitement now in my kids...

Re: Toys ‘R’ Us Plans Bankruptcy Filing Amid Debt Struggle

#176
post #175

I'm not surprised. They sell pure garbage. Every single time I go there to get a toy for my kid, I can't pick anything. I end up spending an hour walking around choosing the best of the worst and keep repeating to to myself something like: "Where does this shitty store get the money to pay the rent?"

While I agree... as a kid I have very fond memories... makes me kind of sad. I see the same excitement now in my kids...

I moved to U.S. just a few years ago, but I know what you mean. The bar to kids' happiness is very low, which is, unfortunately, not the same with adults, including myself.

Re: Toys ‘R’ Us Plans Bankruptcy Filing Amid Debt Struggle

#177
post #116

Earlier quoted context omitted.

It's high time people realize something about these positions. Being at the top of a gigantic mature hierarchy in a complex world is more a function of legacy than utility. John D Rockefeller or Thomas Edison were the single BRAIN that shaped and directed where their orgs went. Today's leaders in govt or in the private sector or more like a single neuron most of whose time is engaged in constant power struggles for s…

Leadership is a thing. It really matters. An effective leader can be a force multiplier for everyone in the organization that reports to them, directly or indirectly. An ineffective leader can literally bankrupt an organization.

It matters. But not like it used too.

All leaders are very quickly out of their depth these days given the scale, speed and complexity of today's markets and rates at which things change. What they can actually do, to be effective has reduced. Lot of them end up being lightning rods when things go bad. They know this and rightly get compensated highly for it.

Re: Toys ‘R’ Us Plans Bankruptcy Filing Amid Debt Struggle

#178

Earlier quoted context omitted.

If a toy store can't figure out how to take advantage "but MOMMMMMM I want it NOWWWWWWWWWW!" then little kids are far more mature than they were a few decades ago. :)

You want that toy? Here, watch a YouTube video of someone else playing with it until Amazon delivers it tomorrow.

Better yet try saying "no".

Re: Toys ‘R’ Us Plans Bankruptcy Filing Amid Debt Struggle

#179
post #172
post #156

Earlier quoted context omitted.

I think the place brick and mortar seems to do well is where the store adds value over just selling merch. You go to Home Depot for expertise as much as for parts. You go to a local boardgame store for recommendations and events. You go to a toy store to get your hands on them and leverage staff expertise and curated inventory. The only big problem with this approach is showrooming. Toys r us or best buy carry bad pr…

There's a lot here I agree with, but... >You go to Home Depot for expertise as much as for parts Has not been my experience. Ace hardware is a little better, but not much. I suppose sometimes they get lucky and a knowledgeable retiree is willing to work for those wages.

I gave up on Ace like a decade ago... my local Fred Meyer (Kroger) has a better hardware section than my local Ace.

I don't really have any loyalty to Home Depot vs. Lowe's vs. a local mom and pop, just have what I need when I need it.

Re: Toys ‘R’ Us Plans Bankruptcy Filing Amid Debt Struggle

#180
post #116

The CEO of Toys 'R' Us as of 2015 is Dave Brandon. He was the former CEO of Dominoes Pizza. After he left Dominoes in 2009 is when they started the "We used to suck, we don't anymore, please come try us again!" advertising campaign. After Dominoes, Dave Brandon was the athletic director at the University of Michigan. During his time as AD, he managed to alienate the majority of the fan base, hire a coach who got wors…

It's high time people realize something about these positions. Being at the top of a gigantic mature hierarchy in a complex world is more a function of legacy than utility. John D Rockefeller or Thomas Edison were the single BRAIN that shaped and directed where their orgs went. Today's leaders in govt or in the private sector or more like a single neuron most of whose time is engaged in constant power struggles for s…

Seems like an ideal position to place AI. Remove the board of directors and the C-level execs in place of one machine intelligence.
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