>>7182472I worked at Toys R US, shutting down all the stores and selling off all the product in their warehouses probably freed up a ton of capital and left tons of room for re-structuring. For example, we were told at my store that if we survived bankruptcy, that the company was planning to phase out things like baby clothes and furniture, since we lost money in those areas, and were only turning a profit on about 30% of our merchandise in store. About 70% of what we had wasn't selling. They also had open way too many stores, to the point of where we were having record sales just from them closing down a few in the area, forcing customers to shop at just a few stores in the area, rather than one ever so many miles, like it seemed in the years prior.
I'd expect that the bankruptcy gave them the opportunity to remove all the product that didn't sell, as well as re-structure and figure out what they would no longer carry, as well as down-sizing.
Picture of the electronics section where I worked after we gutted it all. There was lots of shit in that section we didn't need. Who the fuck cares about walkie talkies? Or CD's and DVD's in a toy store? Or Karaoke Machines? Or tablets? We weren't Best Buy, there was no reason for us to cater to things outside of video games and electronic toys in that department.
