Toys R Us — crushed by debt — files for bankruptcy
Could not subscribe, try again laterInvalid Email Toys R Us is reassuring families who have signed up to a Christmas payment plan that there is no need to panic, amid concerns over the business in America. We reported earlier today how the company has announced it has filed for Chapter 11 bankruptcy protection in the US and Canada, sparking fears over the future of the firm.
Toys R Us says the court-supervised proceedings will help restructure its outstanding debt and reorganise for long-term growth – and insists operations outside the US and Canada, including more than licensed stores, are not part of the filings. Now the company has spoken out to reassure those making use of the popular layaway programme Take Time to Pay , which allows families to get what they need now and spend the next three months paying for it.
The scheme lets people fill up a trolley with whatever they want – including sale items – and spread the cost between now and the big day. Read More The stores offering saving and payment plans to help families budget for Christmas There is no credit check and the goods are kept at the store until they’re paid for – meaning parents don’t have to worry about storing them safely away from those eagle eyes.
In case you haven’t heard, Toys R Us has a new Price Match Policy effective! This is so great because it is just in time for the holidays! I Think this policy will make Christmas Shopping this year a whole lot easier! Here is what they Will Price Match: Price Match is valid for in-store purchases only.
When I was ready to purchase the Ipod Touch 4th generation last month, I asked the worker at the cashier what was the return policy for the Ipod. He said ” Just return it within 45 days. Today I took it back to Toys R Us and tried to return it with the receipt and everything in the box, but the manager refused to return it. She said that the item had to be returned in an unopen box, and she pointed at the back of the receipt in fine print.
That was the first time I read about the policy. He never mentioned about the item has to be unopened in order to return! I trusted what the worker said about the return policy. He omitted the most important information about the elctronic return policy. He tricked me, and I was deceived! What kind of return policy is this that you can never open the product to see how it works before you can decide if you want to return it!?
They tricked and deceived customers. I would have bought my Ipod from Wal-Mart or Target where they do not have this kind of rediculous policy. But now I am stuck with both of them. I learned a big and expensive lesson from this: