{"id":3221,"date":"2018-03-22T11:02:18","date_gmt":"2018-03-22T15:02:18","guid":{"rendered":"http:\/\/learningexpress.com\/franchise\/?p=3221"},"modified":"2018-03-22T11:02:18","modified_gmt":"2018-03-22T15:02:18","slug":"ceo-founder-sharon-diminicos-statement-following-toys-r-us-chapter-11-liquidation","status":"publish","type":"post","link":"https:\/\/pos.learningexpress.net\/franchise\/ceo-founder-sharon-diminicos-statement-following-toys-r-us-chapter-11-liquidation\/","title":{"rendered":"Founder & CEO Discusses Toys \u201cR\u201d Us Bankruptcy and Why Local Toy Stores are Here to Stay"},"content":{"rendered":"

\t\t\t\tDEVENS, Massachusetts<\/strong>. The hard lesson to be learned from the Toys \u201cR\u201d Us\u2019 bankruptcy and now liquidation, for all those fast-growing businesses that dream of going public or aggressively expanding using private equity is \u201cBeware!\u201d<\/p>\n

Hind-sight is always 20\/20, but had Toys \u201cR\u201d Us taken a more conservative growth path, and invested their profits in developing a knowledgeable sales force, remodeling old stores and offering a great in-store experience, Toys \u201cR\u201d Us would be hugely profitable.<\/p>\n

Walmart, Target, Kohl\u2019s and other big box stores will likely enlarge their toy departments in hopes of picking up the $4 billion in US toy dollars left behind by Toys \u201cR\u201d Us.<\/p>\n

That said, Isaac Larian of MGA Entertainment has started a funding campaign to save Toys \u201cR\u201d Us and, with various investors, has contributed over $200 million toward a $1 billion goal to acquire some or all of Toys \u201cR\u201d Us\u2019 assets through the bankruptcy process. There still may be hope for the iconic brand.<\/p>\n

What is bothersome is Larian\u2019s reason for saving Toys \u201cR\u201d Us. Larian recently stated that \u201cIf there is no Toys \u201cR\u201d Us, I don\u2019t think there is a toy business.\u201d From a manufacturer\u2019s perspective, Larian\u2019s comment may have validity. However, toy retailers have been in business long before Toys \u201cR\u201d Us ever opened their doors, and thousands of independent toy and toy\/gift retailers continue to thrive today. There will always be a toy business, although it may look different in the future. The toy departments in big box stores will expand and independent stores may add select traditionally \u201cmass market\u201d products to their mix to round out their assortments.<\/p>\n

For decades, independent toy retailers have offered an intelligent alternative to aisles of pink or black. Sharon DiMinico, founder and CEO of Learning Express Toys, the largest chain of independent toy stores, explains why mom and pop toy stores have survived throughout the growth of mass market retailers and online shopping. \u201cSpecialty toy retailers are able to offer an in-store experience and service that can\u2019t be replicated by \u2018big box\u2019 stores. It is the product assortment, service, and experience that has enabled independent toy stores to remain successful for all these years.\u201d<\/p>\n

Toys \u201cR\u201d Us is an iconic brand that specialty toy stores have co-existed with for over 60 years. And while the Toys \u201cR\u201d Us customer will be saddened, they should keep in mind that the toy business is not going anywhere. Thousands of specialty toy stores are here to help pick out the perfect gift while providing a memorable in-store experience.<\/p>\n

Sharon DiMinico
\nFounder and CEO
\nLearning Express, Inc.<\/p>\n","protected":false},"excerpt":{"rendered":"

DEVENS, Massachusetts. The hard lesson to be learned from the Toys \u201cR\u201d Us\u2019 bankruptcy and now liquidation, for all those fast-growing businesses that dream of going public or aggressively expanding using private equity is \u201cBeware!\u201d Hind-sight is always 20\/20, but had Toys \u201cR\u201d Us taken a more conservative growth path, and invested their profits in…<\/p>\n","protected":false},"author":1,"featured_media":3225,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[13],"tags":[],"class_list":["post-3221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-toy-industry"],"_links":{"self":[{"href":"https:\/\/pos.learningexpress.net\/franchise\/wp-json\/wp\/v2\/posts\/3221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pos.learningexpress.net\/franchise\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pos.learningexpress.net\/franchise\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pos.learningexpress.net\/franchise\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pos.learningexpress.net\/franchise\/wp-json\/wp\/v2\/comments?post=3221"}],"version-history":[{"count":0,"href":"https:\/\/pos.learningexpress.net\/franchise\/wp-json\/wp\/v2\/posts\/3221\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pos.learningexpress.net\/franchise\/wp-json\/wp\/v2\/media\/3225"}],"wp:attachment":[{"href":"https:\/\/pos.learningexpress.net\/franchise\/wp-json\/wp\/v2\/media?parent=3221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pos.learningexpress.net\/franchise\/wp-json\/wp\/v2\/categories?post=3221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pos.learningexpress.net\/franchise\/wp-json\/wp\/v2\/tags?post=3221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}