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Toys R Us

Transcript: THE PROBLEM - Decline in revenue - In-stock levels - Customer Service - Online and In-store navigation Bibliography http://blogs.browardpalmbeach.com/pulp/toys_r_us_picture.jpg http://www.google.com/imgres?imgurl=&imgrefurl=http%3A%2F%2Fthedivinemissmommy.com%2Ftoys-r-us-makes-wishes-come-true%2F&h=0&w=0&tbnid=1hhQTigbs2UcKM&zoom=1&tbnh=186&tbnw=270&docid=phSuNr46t6UAvM&tbm=isch&client=safari&ei=MguzU-2bDJWgyASfooC4Bg&ved=0CAIQsCUoAA http://0-bi.galegroup.com.library.law.suffolk.edu/essentials/company/304703?u=mlin_b_suffuniv http://www.referenceforbusiness.com/history2/2/Toys-R-Us-Inc.html http://blogs.marketwatch.com/behindthestorefront/2014/03/26/new-toys-r-us-ceos-strategy-to-reverse-declining-sales-be-realistic/ http://www.nasdaq.com/article/toys-r-us-has-major-problems-cm349057 http://www.fortmilltimes.com/2014/06/12/3542273/toysrus-inc-reports-financial.html http://www.marketwatch.com/story/toys-r-us-loss-widens-on-strategic-investments-2014-06-12 Elizabeth Parenteau, Kat Zapata and Karishma Navani THE IMPACT - Employee cuts - Update stores - Update online presence - Inventory clearance - Take a step back from U.S. store growth THE ANALYSIS - Make realistic changes - First Quarter of 2014 - Net Sales -$2.4 billion to about $2.48 billion - Net Loss -$111 million to $196 million - New image by the holiday season THE SOLUTION Background Information - Founded in 1948 by Charles Lazaruz - Headquartered in Wayne, New Jersey. - Over 681 Toys R Us stores in the United States

Toys "R" Us

Transcript: www.toysrusinc.com/ 2008-2012 Logo What's That Website Called The Real Truth About It The Slogan is I'm A Toys "R" Us Kid The Logo About The Founder Candy,Toys, and Games Charles P. Lazarus was born on October 4, 1923 in Washington, D.C. Son of a local entrepreneur, Lazarus’ father operated a bicycle shop. From a young age, Lazarus shadowed his father while he worked in the shop, and as he got older, began helping his father fix bicycles and assist customers. A budding young businessman, Lazarus often thought about ways to grow his father’s business, and how one day he, too, might operate a store of his own. 2007 Logo: Toys'R'Us Has 3 Competitors: Wal*Mart Game Stop Target Aww,I'm So Sad Its Over Company's Profile Hey, Its Just Like That What It Provides For Me And You The Slogan www.toysrus.com/ ToysRus The Website Is:Toysrus.com To Learn More Info About It The Store:Toysrusinc.com Kids rule the aisles while parents tag along forthe ride at Toys "R" Us. It's one of the world's largest toy retailers, but it has lost its top position in the US to retailing behemoth Wal-Mart. Toys "R" Us sells its wares in more than 1,650 stores worldwide, as well as online. In addition to about 880 US Toys "R" Us and Babies "R" Us stores, the retailer operates more than 325 side-by-side stores, which sell both toys and juvenile products, including infant and toddler apparel, furniture, and feeding supplies. Privately held by investment companies KKR and Bain Capital, and real estate firm Vornado Realty Trust, Toys "R" Us filed to go public in 2010, but has yet to list on the New York Stock Exchange.

Toys "R" Us

Transcript: Competitors like Walmart and Target have become more appealing (economic recession). Christmas Sales Product Sales (Drop in consumer spending) Limited consumer group Age compression Tweens Technology Increase in demand for games Decrease in appeal to toys Online sales with competitors Threats Interview process Weaknesses Opportunities Between 1948-1965 Toys "R" Us had a pre-bureaucratic structure. In 1966 Charles Lazarus sold the company to Interstates Stores for $7.5 million USD, Charles remained CEO, and followed a functional structure until 1994, when he step down In 2005 Toys "R" Us was sold to an investment group consisting of Bain Capital PartnerLLC, KKR Co, and a Realty Trust for $6.6 billion USD. Toys "R" Us is now following a divisional structure. Pros 10% discount on employee's purchase Full time employees receive healthcare coverage, vacation, sick time, and personal days. Eligible employees may participate in the company’s 401(k) plan, which provides a generous match contribution of $1 for $1 on up to 4 percent of earnings, with immediate vesting available. Cons Poor management communication Lack of job training , role ambiguity, Unorganized management. Toys "R" Us outsource management of its website to eBay "R" Team "R" Customers "R" Shareholders "R" Community started in late 1990s is a 3-day program for managers who had been with the company for at least one year Includes LIFO (Life Orientation) Workshop objective: to improve communication skills of the employees minimize employee resistance/acceptance of new ideas create a non-defensive open atmosphere resolve differences among co-workers "R" Volunteer Daeborah Derby is currently the Executive vice president of Human Resources. Toys "R" Us is headquartered in Wayne, NJ, Toys“R”Us, Inc. and employs 70,000 employees globally. Around 63,000 employees work in United States. In the 2013 holiday season Toys "R" Us hired 45,000 seasonal employees; 1,500 current and retired military service members were hired for holiday positions In 2012, fifteen percent of the seasonal workforce retained permanent positions with the company after the holiday season ended. The increase influence by children on spending will benefit Toys "R" Us and boost its revenues Focus on creating a niche market for itself Growth of innovative services Group interview where applicant describes and tries to sell toys to the rest of the group, behavioral questions on how to deal with customers "R" Commitments Organizational Structure Cashier and Sale Associate- $8.00 per hour Supervisors - $11.50 per hour Store Manager - $70,000 average salary Assistant Manager - $48,000 average salary Antonio Urcelay CEO - $1.35 million USD per year, eligible for a 150% bonus per year Rapid Real Reliable Responsible Lizbeth Huerta Jocelyn Hernandez Charena Hengsathorn Oscar Hernandez James Higuera The philanthropic mission of Toys “R” Us, Inc. and the Toys “R” Us Children’s Fund is to keep children safe and help them in times of need. Toys "R" Us Children's Funds Founded in 1992 Financial and product donations Hosts in store fundraising campaigns annually benefiting charities Provides grants to children with special needs and their families Supports the special needs community, military families, and disaster response programs S.W.O.T. Analysis Safety concern for the products The shift towards online stores may be give a cost-disadvantage in the future Toys are expensive What is the Workforce Diversity Program? Diversity Matters "I wanna be a Toys "R" Us Kid!" (2012) Problems Strategic partnership with Benchmark Capital Benchmark Capital is a leading Silicon Valley venture capital firm A Message on Diversity from CEO Antonio Urcelay Problems and Recommendations Strengths Founded in 1948 Toy and Juvenile-product retailer Owns Babies "R" Us 872 Stores in the U.S. 715 Stores Interational (35 Countries) Privately owned since July 21, 2005 Currently owned by... Kohlberg Kravis Roberts, Bain Capital Partners LLC., and Vornado Realty Trust Managerial Approach GROUP C Cons Low pay/No benefits Management “Good people, but culture of dysfunction and decision by committee” The International Brotherhood of Electrical Workers were successful in getting the Aurora Illinois Toys R Us store to stop stocking shelves and cleaning using prison labor late last year. Pros Schedule flexibility Work environment “Rewarding and very fun environment to be in!” Price wars with other retail stores The growth of digitization of media and entertainment Increase of labor wages Involvement in Anti-Competitive Practices Background Toys "R" Us is organized in the following matrix chart The Need For the Program Human Resource Management Partnership Excellence through diversity is more than just a philosophy at Toys "R" Us, Inc. encourages creativity and innovation to meet and exceed the needs of our customers performance-based culture encourages open communication and learning from each other listen actively and demonstrate mutual

Toys "R" Us

Transcript: Headquarters: Wayne, NJ Offers convenient online and in-store baby registry Overview Continued 1978: became a public company with established community roots and a loyal customer base from coast to coast Mission Statement Profit: 149.0 million 75,000+ Employees Worldwide In delivering on our mission to be the World’s Greatest Kids’ Brand, we not only offer parents and families a broad selection of products to create magical playtime memories along with everyday essentials, but we provide the resources necessary to keep their kids safe. For us, this is not a revolutionary idea — it’s a core value at the forefront of all we do. Flagship: November 2001 Highly Recognizable Brand Children's Bargain Town Through the years... Largest juvenile product retailer worldwide 1948: Charles Lazarus opened Children's Bargain Town in Washington D.C. Cater to Baby Boom era with infant toys 2009: Obtained the exclusive right to operate FAO Schwarz 1958: Adopted supermarket model and the Toys "R" Us name 2005: Became a private company bought for $6.6 billion by investment group consisting of affiliates of Bain Capital Partners LLC, Kohlberg Kravis Roberts & Co. (KKR), and Vornado Realty Trust Products: wide selection newborn and infant products including grocery commodities Through the years... 1998: launched Toysrus.com, most visited site in the industry Katelyn Kelly Caleb Shrader Taylor Certain Mark Zanelli Industry Rank: 6 Company Overview Values & Commitments Fortune 500 rank : 196 260 Store Locations 1983: Opened its first Kids“R”Us which included a clothing line 1960: created iconic mascot Geoffrey the Giraffe and the jingle, “I Don’t Want to Grow Up, I’m a Toys“R”Us Kid,” CEO: Gerald L. Storch 1984: Opened its first international wholly-owned store in Canada and licensed operation in Singapore. Offers a broad selection of specialty lines Product Line premiers Store Locations: 875 United States, Puerto Rico 625 International 1996: launched its first Babies“R”Us location in Westbury, New York. Fortune's Most Admired Company List Competitive Advantage Specialty Services: Personal Shopping Corporate Sales Gift-wrapping and Shipping "Big" Brick and mortar locations personal delivery service

Toys "R" Us

Transcript: To fulfill our mission achieve organizational success, drive growth over the long-term, and help our constituents reach their goals, Toys“R”Us, Inc. focuses on creating the right environment to deliver results for our employees, customers, shareholders and community. History of Toys R Us *wharton.upenn.edu (June 2013) Toys "R" Us Wharton University of Pennsylvania Message on Diversity from Chairman, Gerald L. Storch March 29, 2013 The retailer will also post a notice regarding the resolution of the lawsuit. Must be qualified Can be fired if they are a threat to others. Complaints may be filed Founded in 1990 "gives civil rights protections to individuals with disabilities that are like those provided to individuals on the basis of race, sex, national origin, and religion. It guarantees equal opportunity for individuals with disabilities in employment, public accommodations, transportation, State and local government services, and telecommunications." History *www.dol.gov The Case Howie Mandel-Living with OCD Americans with Disabilities Act (ADA) "Recognized the need for a national policy to ensure that people with disabilities are fully integrated into the 21st Century workforce" -The first toy he added to the inventory was a cradle gym. When it proved a strong seller, he added tricycles, books and other toys. Lazarus learned early on in the toy business that unlike furniture, toys broke or fell out of fashion with children, prompting parents to return to the store again and again. -Focus of the store changed in 1957 & the name Toys "R" Us was formed in Rockville, Maryland -Authorized by Congress in 2001 Negative perceptions: the fear felt by employers that disabled employees will create more work for their supervisors Wharton Univs January 26, 1992. Alternate routes must be made May file complaints, and may file private lawsuits. According to the United Nations Humans Rights Organization (ohchr.org) people with disabilities are the worlds largest and most disadvantaged minority. 20% of the worlds poorest people have disabilities. “Not merely countering employers’ negative impressions of the disabled, but of actively promoting among them more positive feelings.” March 19, 2013 Shakirra Thomas In violation of the ADA employment act Refused to hire an interpreter for Thomas's group interview Disabled People in the Work Place -Was founded in 1948 -Headquartered only a few miles away in Wayne, New Jersey -Operates more than 875 and Babies “R” Us stores in the United States & 625 international stores They won! *wharton.upenn.edu (2013) Phenotypes: People with disabilities are often judged preemptively based on physical characteristics Social Identity: Lack "brand identity" other disadvantaged groups have (Like the LGBT community) Normalcy: Society has not yet progressed to accept disabled people in "normal" and successful roles History "R" Values -Charles Lazarus started Children’s Supermart (eventually Toys “R” Us) in Washington D.C. during the post-war baby boom. -Company began as a baby-furniture retailer -Lazarus began receiving requests for baby toys and eventually even toys for older children At Toys“R”Us, Inc., we believe that by being rapid, real, reliable and responsible, we will best serve our customers, employees, shareholders, communities and kids! August 26, 1990 Three Key Obstacles to hiring people with disabilities "R" Commitments "Our commitment to diversity includes embracing both similarities and differences in our customers, employees and suppliers. As a company that operates in many different markets worldwide, our employee base includes people of diverse backgrounds, cultures, religions, ages and lifestyles – and we value those differences." Public Accommodations The Office of Disability Employment Policy (ODEP) Employment Lack of internal hiring support: problems arising from the fact that funds don’t exist for creating internal expertise in “hiring, accommodating and training people with disabilities.” Obstacles Job applicants who are disabled “are often reluctant to self-identify as such, for fear that doing so will make bosses … less, rather than more, willing to hire them,” Lack of external hiring support : employers will find very few resources on the outside that are available to help recruit the disabled Transportation Norwegian Epic Cruise Line Commercial Video

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