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Toys R Us follows in the footsteps of F.A.O Schwarz and closes flagship Times Square store [tr]
UK Daily Mail ^
| December 31, 2015
| Chris Pleasance
Posted on 12/31/2015 6:43:49 AM PST by C19fan
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1
posted on
12/31/2015 6:43:49 AM PST
by
C19fan
To: C19fan
A friend familiar with this operation described the misguided efforts there (along these lines): In a tourist mecca like Times Square, people just aren’t going to show up to buy tricycles and other large items that sell well in other areas.
2
posted on
12/31/2015 6:47:42 AM PST
by
kearnyirish2
(Affirmative action is economic warfare against white males (and therefore white families).)
To: C19fan
The Obama administration marks the end of fun in the USA.
3
posted on
12/31/2015 6:48:28 AM PST
by
VTenigma
(The Democratic party is the party of the mathematically challenged)
To: C19fan
$2,000.00 per square foot equals somewhere between 5 and 20 new stores in the real world.
4
posted on
12/31/2015 6:55:52 AM PST
by
Tupelo
(Honest men go to Washington, but honest men do not stay in Washington.)
To: C19fan
The place was a madhouse. You had to hang tight with the kiddies but sorry to see it go.
5
posted on
12/31/2015 6:55:53 AM PST
by
surrey
To: VTenigma
6
posted on
12/31/2015 6:57:24 AM PST
by
kearnyirish2
(Affirmative action is economic warfare against white males (and therefore white families).)
To: C19fan
Which toy store in Manhattan had Superman lifting the elevator?
7
posted on
12/31/2015 6:58:35 AM PST
by
wbarmy
(I chose to be a sheepdog once I saw what happens to the sheep.)
To: C19fan
NYC is dying again under Communist rule.
8
posted on
12/31/2015 7:05:23 AM PST
by
bmwcyle
(People who do not study history are destine to believe really ignorant statements.)
To: C19fan
$2,000 per square foot $42million per year for the bottom floor alone
LOL...seriously.
I hope the building owner can find a tenant at those ridiculous prices...doubt it...
Even operating on the tiniest margin, it would be impossible for Toy's R US to make a profit with that just one fixed cost...
9
posted on
12/31/2015 7:06:55 AM PST
by
Popman
(Christ alone: My Cornerstone...)
To: kearnyirish2
$2000 per square foot rent is why it closed. Never understood it anyway, as you stated I visited it with my kids when I visited Times Square, but we didn’t buy anything but some small souvenirs.
To: VTenigma
"The Obama administration marks the end of fun in the USA." In Time Square you can find sidewalk chiropractors offering loose joints.
11
posted on
12/31/2015 7:09:35 AM PST
by
outofsalt
( If history teaches us anything it's that history rarely teaches us anything.)
To: C19fan
12
posted on
12/31/2015 7:20:31 AM PST
by
HomerBohn
(Liberals and slinkies: they're good for nothing, but you smile as you shove them down the stairs.)
To: Popman
Need I say it? The rent’s too damn high!
13
posted on
12/31/2015 7:23:27 AM PST
by
PUGACHEV
To: Popman
Yep, it’s a loss leader. Wonder how much of all that they were able to write off as “advertising”.
14
posted on
12/31/2015 7:25:20 AM PST
by
wbill
To: HamiltonJay
Rent control only applies to residential renting, it seems. Odd that the socialists are ok with landlords squeezing more money out of business owners trying to meet monthly operating costs.
15
posted on
12/31/2015 7:25:41 AM PST
by
a fool in paradise
(The goal of Socialism is Communism. Marx and Lenin were in agreement on this.)
To: Popman
I hope the building owner can find a tenant at those ridiculous prices...doubt it... Billionaires in the muddled east can afford to rent that space for a new mosque.
16
posted on
12/31/2015 7:26:50 AM PST
by
a fool in paradise
(The goal of Socialism is Communism. Marx and Lenin were in agreement on this.)
To: C19fan
17
posted on
12/31/2015 7:28:21 AM PST
by
Lazamataz
(It has gotten to the point where any report from standard news outlets must be fact-checked.)
To: HamiltonJay
Could you imagine tourists bundling any large item onto a train or bus to get back to their hotel?
18
posted on
12/31/2015 7:32:39 AM PST
by
kearnyirish2
(Affirmative action is economic warfare against white males (and therefore white families).)
To: wbill
Yep, it’s a loss leader. I can imagine just based on the fixed cost of rent, they were losing millions a month...
Rent just for the first floor is an astounding $115,000 per DAY !!!
At some point those type of losses no longer compute in a long term business plan...
Obviously, a flagship store in the middle of Manhattan simply is not a great enough return in value anymore...
I'd bet their online far sales exceed the revenue this store generated...and that doesn't cost 115 K a day
19
posted on
12/31/2015 7:38:42 AM PST
by
Popman
(Christ alone: My Cornerstone...)
To: a fool in paradise
Billionaires in the muddled east can afford to rent that space for a new mosque.That would be rich indeed...
The limousine libtards in the upper east side would be so confused on what to do, they probably drop their gucci bags...
20
posted on
12/31/2015 7:42:35 AM PST
by
Popman
(Christ alone: My Cornerstone...)
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