Do we really need 4 physical stores in Ottawa, though? I mean yea itâs sprawled to shit but still. Looks like the Merivale is still going and itâs at least pretty central. There are plenty of other toy stores around as well, so the concept of physical locations, at least, is still cruising.
Merivale is the one that will probably close soon. A few months ago, they sold the property and put the âstore closingâ signs up, but took them down when the sale fell through. I assume it will close again when they sell the property again.
The only one that I believe hasnât closed or tried to close is the St. Laurent one. Even the one in Gatineau apparently had closing signs, but I donât know if they actually closed or not yet.
Dang, but itâs sorta fair considering how the areaâs not thay dense. Ottawa will, I hope, one day understand that building large box stores away from customers just isnât the play.
Yeah, thatâs kind of my point. 3 of 4 stores in Ottawa arenât profitable is probably an indicator that Toys R Us (at least in Ottawa) isnât doing that well.
Last time I visited Canada I ate poutine twice in one day and you better believe I faced some enshittification. Great public toilets though; in the states it feels like every city has become a toilet desert, you need to buy a meal at a restaurant just to use a bathroom.
You mean Jared Kushner who along with the Saudis that bought EA?
Jared Kushner has a close relationship with Saudi Arabia, developing a strong alliance with Crown Prince Mohammed bin Salman during his time in the Trump administration.
Since leaving office, Kushner has had significant business dealings with the kingdom, including a $2 billion investment from Saudi Arabia's sovereign wealth fund into his private equity firm, Affinity Partners. This relationship has drawn scrutiny from ethics experts and congressional investigators.
I will never understand how leveraged buyouts are legal. I mean it somehow makes sense in its original form where workers were buying out the patron but now it is just weird.
Edit: No this is actually fine if you think about it, it just feels wrong somehow.
They should only be able to use their own capital for the loan, not the company they are buying putting up the majority of the capital. That's the problem with leveraged buyouts: you're effectively putting the company up for liquidation when that happens, because the buyer is likely going to gut and shutter the company so they end up with a profit in the end.
I just feels weird that you can use the value of the company you buy to buy said company. It just "feels" weird that you can get a loan and use whatever you buy as leverage.
Now that I am typing that out that is not really different from getting a loan to buy a house. Never mind, I guess it just seems weird when it is such an insane sum of money ÂŻ\(ă)/ÂŻ
that's due to exploiting specific business structures. literally anyone can do that (e.g. five associates formed an LLC to buy the building they work in. the loans in question went to the LLC, not the partners), so i'm not sure why you're saying it's not what's happening.
It did once his dead switches triggered. Remember that tax bill that gave everyone tax breaks for four years then jumped higher than before? Ya, that was intentional.
I think it's funny that EA publishes on steam now because you can see how bad the reviews are for e.g. the FC game. Most people are obviously not happy with the quality of the games. But some still buy them year after year, for reasons that elude me
Their base is casual gamers where it's basically the only game they buy each year. The cost is very small in those terms, and they don't want to be on the old version despite the issues.
53 Comments
Stalinwolf@lemmy.ca · 66 pts · 336d
Toys R Us still lives in Canada. She's practically just as you remember her. And she's happy. đ„Č
AspieEgg@lemmy.blahaj.zone · 23 pts · 336d
2 of the 4 stores in Ottawa just closed and a 3rd one is going to soon. I donât think Toys R Us is doing that well.
Soup@lemmy.world · 4 pts · 335d
Do we really need 4 physical stores in Ottawa, though? I mean yea itâs sprawled to shit but still. Looks like the Merivale is still going and itâs at least pretty central. There are plenty of other toy stores around as well, so the concept of physical locations, at least, is still cruising.
AspieEgg@lemmy.blahaj.zone · 0 pts · 335d
Merivale is the one that will probably close soon. A few months ago, they sold the property and put the âstore closingâ signs up, but took them down when the sale fell through. I assume it will close again when they sell the property again.
The only one that I believe hasnât closed or tried to close is the St. Laurent one. Even the one in Gatineau apparently had closing signs, but I donât know if they actually closed or not yet.
Soup@lemmy.world · 2 pts · 335d
Dang, but itâs sorta fair considering how the areaâs not thay dense. Ottawa will, I hope, one day understand that building large box stores away from customers just isnât the play.
But I live in Montréal now where mid-density is king and we got toy and game shops opening up across the street from other toy and game shops because customers density supports that kinda behaviour.
Bakkoda@sh.itjust.works · 0 pts · 335d
If 1 is profitable and 3 aren't and it's a matter of geography, that's a sound business decision.
What kind of a sane business model would benefit from holding onto (and paying taxes on) property/assets that aren't profitable? đ§
AspieEgg@lemmy.blahaj.zone · 3 pts · 335d
Yeah, thatâs kind of my point. 3 of 4 stores in Ottawa arenât profitable is probably an indicator that Toys R Us (at least in Ottawa) isnât doing that well.
lemmyng@piefed.ca · 10 pts · 336d
Except for the soft play area they're adding. She's enshittifying.
BuboScandiacus@mander.xyz · 7 pts · 335d
You:
lemmyng@piefed.ca · 1 pts · 335d
Have you seen those places? They're a fraction the size of indoor playgrounds, and displace shelves that used to be packed with toys. https://www.toysrus.ca/en/playlab-indoor-playground.html
zululove@lemmy.ml · 2 pts · 335d
. Whatâs the point in building a civilization if we canât have play areas for kiddos.
Hey McDonalds, f*** u
BuboScandiacus@mander.xyz · -1 pts · 335d
I'm pretty sure that canada has plenty of room
Skullgrid@lemmy.world · 4 pts · 335d
why is that enshittifying?
ivanafterall@lemmy.world · 5 pts · 335d
In Canada, enshittification makes things even better.
absentbird@lemmy.world · 2 pts · 335d
Last time I visited Canada I ate poutine twice in one day and you better believe I faced some enshittification. Great public toilets though; in the states it feels like every city has become a toilet desert, you need to buy a meal at a restaurant just to use a bathroom.
lemmyng@piefed.ca · 2 pts · 335d
Because every soft play place eventually devolves into a lure to get kids to play overpriced, lootboxified arcade games.
UnderpantsWeevil@lemmy.world · 42 pts · 336d
Excited to see the version of Call of Duty that the new Saudi owners produce.
Quicky@piefed.social · 11 pts · 336d
Battlefield surely?
MacNCheezus@lemmy.today · 8 pts · 336d
Battlefield: Ghaza
ivanafterall@lemmy.world · 1 pts · 335d
It's one of the aerial levels. :( :(
I'm sorry. I didn't create the news.
sharkfucker420@lemmy.ml · 7 pts · 336d
Don't forget Trump's son in law
UltraMagnus0001@lemmy.world · 9 pts · 335d
You mean Jared Kushner who along with the Saudis that bought EA?
Jared Kushner has a close relationship with Saudi Arabia, developing a strong alliance with Crown Prince Mohammed bin Salman during his time in the Trump administration. Since leaving office, Kushner has had significant business dealings with the kingdom, including a $2 billion investment from Saudi Arabia's sovereign wealth fund into his private equity firm, Affinity Partners. This relationship has drawn scrutiny from ethics experts and congressional investigators.
phutatorius@lemmy.zip · 4 pts · 335d
Hopefully you won't experience it IRL.
Lojcs@piefed.social · 34 pts · 336d
Gamer known as ea
Kolanaki@pawb.social · 9 pts · 335d
I mean... I guess it's true?
You can't turn shit into shit. It's already shit!
InternetCitizen2@lemmy.world · 2 pts · 335d
Yeah but they can still open the septic tank and let out the bad vibes.
hubobes@sh.itjust.works · 8 pts · 335d
I will never understand how leveraged buyouts are legal. I mean it somehow makes sense in its original form where workers were buying out the patron but now it is just weird.Edit: No this is actually fine if you think about it, it just feels wrong somehow.
HeyThisIsntTheYMCA@lemmy.world · 0 pts · 335d
you don't understand why allowing someone to take on debt to purchase a business is legal?
Passerby6497@lemmy.world · 9 pts · 335d
They should only be able to use their own capital for the loan, not the company they are buying putting up the majority of the capital. That's the problem with leveraged buyouts: you're effectively putting the company up for liquidation when that happens, because the buyer is likely going to gut and shutter the company so they end up with a profit in the end.
Ask Toys R Us about the process.
HeyThisIsntTheYMCA@lemmy.world · 1 pts · 335d
i take it you've never dealt with the sale of a small business
hubobes@sh.itjust.works · 3 pts · 335d
I just feels weird that you can use the value of the company you buy to buy said company. It just "feels" weird that you can get a loan and use whatever you buy as leverage.Now that I am typing that out that is not really different from getting a loan to buy a house. Never mind, I guess it just seems weird when it is such an insane sum of money ÂŻ\(ă)/ÂŻ
HeyThisIsntTheYMCA@lemmy.world · 1 pts · 335d
or like a dentist finishing dental school and buying someone's practice. you get a huge fucking loan because who still has money after dental school
fodor@lemmy.zip · 2 pts · 335d
HeyThisIsntTheYMCA@lemmy.world · 1 pts · 334d
that's due to exploiting specific business structures. literally anyone can do that (e.g. five associates formed an LLC to buy the building they work in. the loans in question went to the LLC, not the partners), so i'm not sure why you're saying it's not what's happening.
Trigger2_2000@sh.itjust.works · 8 pts · 335d
Private Equity . . . Hold my beer!
ohshittheyknow@lemmynsfw.com · 8 pts · 335d
Private equity firm.. So the company will be stripped down and sold for parts.
pelespirit@sh.itjust.works · 4 pts · 336d
In his first term, the economy didn't tank. That's it, that's the difference.
Entertainmeonly@lemmy.blahaj.zone · 13 pts · 336d
It did once his dead switches triggered. Remember that tax bill that gave everyone tax breaks for four years then jumped higher than before? Ya, that was intentional.
zululove@lemmy.ml · 4 pts · 335d
Private equity is destroying the west
Jarix@lemmy.world · 3 pts · 335d
Come visit Canada if you are nostalgic for toys r us. They still exist. Also in Japan I believe
SharkAttak@kbin.melroy.org · 2 pts · 336d
I can't tell if they're an optimist or just naive.
LadyMeow@lemmy.blahaj.zone · 49 pts · 336d
I think they are claiming that EA is already shit? Iâm not positive.
SharkAttak@kbin.melroy.org · 16 pts · 336d
No you're right, but they seem to think that it can't get worse... and it very much can.
Kraiden@piefed.social · 22 pts · 336d
:shrug: The EA logo might as well already be a big red stamp "DO NOT BUY!" Not like I could give them any LESS money
wurstgulasch3000@feddit.org · 7 pts · 336d
I think it's funny that EA publishes on steam now because you can see how bad the reviews are for e.g. the FC game. Most people are obviously not happy with the quality of the games. But some still buy them year after year, for reasons that elude me
Robust_Mirror@aussie.zone · 5 pts · 335d
Their base is casual gamers where it's basically the only game they buy each year. The cost is very small in those terms, and they don't want to be on the old version despite the issues.
SharkAttak@kbin.melroy.org · 1 pts · 335d
They really could leave the engine as is and sell yearly DLCs to update the team rosters... but this way makes more money, I guess.
SaharaMaleikuhm@feddit.org · 3 pts · 335d
I just assume most people are idiots. That really explains a lot of these things.
Fedegenerate@lemmynsfw.com · 6 pts · 336d
Where does a boycott end and "their products are just shit" begin?
hanrahan@slrpnk.net · 10 pts · 335d
I asssumed they meant it was already shit, so cant be enshitifed further.?
Challenge accexpted ?
Reygle@lemmy.world · 2 pts · 335d
It's time to actually mean it and stop buying from them. No, I mean it. Stahp.
S_H_K@lemmy.dbzer0.com · 2 pts · 335d
Would they sell the rights of Dawngate? That's all Im asking for!
YiddishMcSquidish@lemmy.today · 2 pts · 335d
They might actually try and sell every IP they can once they gathered as much info on users as they can.
NovaSel@lemmy.world · 1 pts · 335d
Oh it's a private equity firm