Toys R Us has finally folded

That sound? A thousand tiny plastic unicorns crying

A child's dreamland, a parent's nightmare, Toys R Us has closed after attempts to save it failed.

What it means:  Toys R Us is going to have to sell its 885 US based stores, or they'll close, putting about 30,000 jobs at risk. All its UK stores will close by the end of April, putting 8,000 people out of work.

Toys R Us joins a lengthening list of high street faves pulling down the shutters in the UK. There are a couple of reasons for it. An increasing   means suddenly running a store (which tend to have lots of minimum wage workers) becomes a lot more expensive. Consumers (that's the people who are buying the toys) don't have as much money – their wages aren't rising as fast as  – which means they are buying less toys. And a change in the way businesses are taxed – called business rates – will make properties much more expensive to run.

But it's also because people just don't shop in the way they used to. Kids are buying their toys online, or in supermarkets, and the prospect of making a special trip to an out of town superstore just doesn't appeal in the way it used to. Businesses have had to move with the times – it's called   – to make sure they're one step ahead of consumer changes, and Toys R Us has failed to keep up.

Read the full story (BBC News)

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Reader Comments

  • RW

    Your right to a degree. You mentioned “the wandering Jew”.

    I elaborate that the Jewish people, historically have tended to migrate almost exclusively to locations that are economically and culturally vibrant already. I would speculate that Jews have thrived in these places and have often improved the bounds of their economies and knowledge base.

    You can also ask; how many massive entertainment conglomerates, Nobel winners or billionaires has Isreal developed? If Jews are so capable, why isn’t Tel Aviv the Rome of our time?

    Jews are successful because they value education, maintain a strong social cohesive, they actively monitor and have a good sense for Zeitgeist wherever they are and they carefully choose the places they settle and congregate themselves heavily in these choice locations.

    But most importantly (haulocaust increased the importance of this aspect), they actually designed their culture for success. They not only attend Harvard, they use what they learned to better the group as a whole. With as much, they studied intricate networking systems, adapted to it and in many cases improved upon them. (See how Japan acquired Aegis warships and made them better).

    Of course there is nothing wrong with any of this. It’s when you elaborately gain disproportionate power in any society where you would stand out, you must take care when attempting to make a society better (Civil Rights movement) and rewriting that society all together (mass immigration). Ask blacks in China, Mexico, Philippines or India how much opportunity they have? Go to businesses owned by their American diaspora and see how many blacks they hire. Go to Silicon Valley and see how many East or South Asian tech workers wish they could work with more black people. California might work as a state, but as a nation, I think your rolling the nuclear dice here. I hope we can succeed as a tolerant pluralistic superpower but at this stage in human societal development, it’s a pipe dream.

    And if Jews really are the icon for success, they would see that fundamental human successes happen over generations. Just look at the rest of the planet? Are we ready?