Junkies, we have just seen the news that the Toys R Us chain, in the United Kingdom, have officially announced that "26 loss-making stores" will be closing. The news comes from CNBC (seen HERE).
From CNBC: "Toys R Us has just gone into administration in the U.K., putting more than 3,000 jobs at risk, although all 105 stores will continue trading for now, reports said Wednesday. The process has been described by administrators as an 'orderly wind-down'."
The report also stated that 105 stores will continue trading for now. However, "administrators have encouraged customers to redeem gift cards and vouchers 'as soon as possible'."
AFJ's Take: We have grown accustomed to store closings here in the US. In fact, we all get giddy with joy when the deals and discounts happen. However, the long-term problem is that we won't be able to get the figures and toys we want unless we turn to the Internet. Big brick and mortar stores are not going to carry the likes of NECA and Mezco Toyz, let alone have a collector aisle like Toys R Us did. Nor we will be able to find the latest wave of figures or at least have a chance at finding them at the brick and mortar chain. The Internet is great and everything is there, however, the experience of walking the aisle, discovering something new, seeing the advertising, the tie-ins, all that will be gone.
Now the UK falls under a black veil for toy collecting as well. UK Junkies was this expected? Do you have an alternate outlet for shopping or have you already turned to the Internet for your collecting needs?
Final Thought: We here at AFJ are in full acceptance that Toys R Us will be gone in two years. This only solidifies our fears. In the article, they state that TRU could not find a buyer for their chain in the UK. When the likes of Walmart and Target are not willing to accept the risk of a monster property like TRU the nails might not be in the coffin, but they are being counted out.