Kahn remarked on how competitive the category has become, with all kinds of retailers trying to cash in. “I think of it as a ‘defender’ category,” she said. “If you’re a family – and that’s the kind of customer a lot of retailers want – then you have to buy your kids’ toys somewhere. So you’re seeing toys showing up in interesting [places].” Even electronics purveyor Best Buy is offering toys this year, Kahn noted. “You go into the store to buy toys, and while you’re in there you are buying in other categories. I think that’s one of the reasons why it’s a really competitive area right now.”
Tag: Toys R Us
Tears ‘R’ Us: The World’s Biggest Toy Store Didn’t Have to Die
All stores will be empty by the end of June, but until then customers can stand in front of a “selfie banner featuring Geoffrey,” the retailer said in May. Soon after, Brandon and four other senior executives, now deemed nonessential, left the company. Brandon received almost $7 million in compensation in 2017, including a $2.8 million retention bonus paid just before the bankruptcy filing. He’s already started a consulting company. Former employees have started a Facebook page, Dead Giraffe Society. Some rallied outside the offices of Bain, KKR, and Vornado to protest losing their jobs without severance and occupied a soon-to-be-closed Toys “R” Us store in Union, N.J. Twenty miles away, the company began to liquidate its headquarters. Photos of what’s for sale, including a giant Sully from Monsters, Inc. posed next to a pool table, are available online.