4.6 • 716 Ratings
🗓️ 10 October 2023
⏱️ 5 minutes
🧾️ Download transcript
Today is Tuesday, October 10, and we're looking at Toys R Us vs. Walmart.
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1:04.2 | Thank you. McMillan Online Community. From Wondry, I'm David Brown, and this is Business Wars Daily on this Tuesday, October 10th. |
1:08.4 | Today we're going to talk about a company that may bring back some |
1:11.2 | more memories from your childhood. |
1:17.1 | Once upon a million toys are toys or us that I can play with. Once upon a time, Toys or Us |
1:21.4 | controlled more than 25% of the toy market worldwide and had roughly 800 stores in the U.S. alone. After years of struggle |
1:29.7 | and mounting debt, the company finally closed the last of those stores five years ago after |
1:34.4 | filing for bankruptcy. Two acquisitions later, the brand is now owned by W.HP Global, a management firm |
1:41.3 | that acquires and revives brands. WHP struck a deal with Macy's two years ago to open Toys R Us stores within Macy's locations, |
1:49.9 | giving the toy seller a renewed retail foothold and opening a flagship store at the American Dream Mall in New Jersey. |
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