in So That Happened, WTF

Toys R Us Under Fire For Recent Decisions They Made After Declaring Bankruptcy

2.2k Views

Earlier this year, Toys ‘R’ Us declared bankruptcy and a collective part of our childhoods died, particularly the part where we cried and screamed and got what we wanted because the giraffe-affiliated toy store chain was just so overwhelmingly huge and amazing. As the jingle went, they sold bikes and trains and video games. Obviously, former Toys ‘R’ us kids were inconsolable.

i go in toys r us like once a month to just run around the store messing around with the toys to feel like a kid again… now they bankrupt

rip millenials weve gone too far. we killed so many things that we ran out of bad things to kill so we killed toys r us what have we becom

All this #ToysRUs bankruptcy news has me remembering how magical it felt to buy a game when i was a kid.

First they take our blockbuster…

Now they take our Toys R’ Us…

Truly this is the worst timeline…

But because Twitter is Twitter, those who didn’t get weepy roasted the hell out of Toys ‘R’ Us because it’s a sacred cow (er, giraffe).

You can’t discuss the history of Toys R Us without mentioning how the horrors of 9/11 made Geoffrey briefly lose his cartoon innocence

toys r us doesnt need to close. rebrand to “toys as fuck” & market to millennials so we can “eat” plastic avocado toasts & play “homeowner”

Boom. Just saved Toys “R” Us with one little change. You’re welcome.

Toys R Us may file for bankruptcy this week.

Cue the headlines:

“Millennials are killing toys!”

But apart from the gauzy nostalgia that makes many mourn for another part of their youth gone were the stupid business decisions that caused Toys ‘R’ Us to have to declare bankruptcy in the first place. The closure was initially blamed on the usual culprits that cause once dominant retail chains to shutter — e.g., cheaper and more convenient online shopping options, and the company didn’t keep pace with a rapidly changing retail landscape. But then the truth just might be a little more complicated and gross, such as they keep making weird decisions that don’t do the business or its customers much good.

Even though the company has filed for bankruptcy and is thus slowly going out of business, a judge has allowed Toys ‘R’ Us to give 17 of its top executives $14 million in bonuses. However, the company has to sell $550 million worth of toys in its fiscal year in order to that. Also, if the struggling toy store hits $641 million in the fiscal year, the executives will get more…although even Toys ‘R’ Us’s lawyer, Joshua Sussberg thinks that’s basically an impossibility.

So why are some corporate bigshots who ran a company into the ground getting a huge payout? They argued that it will motivate the whole company to work harder during the holiday season. Okay.

Against the riling was Justice Department attorney Judy Robbins, who in a filing wrote that the multi-million-dollar payout “defies logic and wisdom, not to mention the Bankruptcy Code, that a bankrupt company would now propose further multi-million dollar bonuses for the senior leadership of a company that began the year with employee layoffs and concludes it in the midst of the holiday season in bankruptcy.” And she closed it out with a sick burn: “Toys ‘R’ Us intends to deliver not only ‘children their biggest smiles of the year’ but the insiders, too.”

The Internet seems to agree with Robbins.

That’s how it’s designed to work. It’s a heist.

This is what is wrong with big business.  Executives will get millions to bankrupt a company and everyday employees will lose their jobs.

This is just plain WRONG! Executives get their bonuses, but employees and vendors get the shaft?

boycott them completely and totally. Don’t even slow down in front of the stores.

Boy do they need these corporate tax cuts

While store employees starve on minimum wage