If you’re a parent, it would seem incomprehensible that a company could lose money by selling toys. And yet, it happens, right, Toys “R” Us?
There’s a rumor going around on social media that Target is planning to stop selling toys. But it’s only HALF true.
Earlier this month, Target announced a “strategic plan for a new chapter of growth,” and one of the highlights is that they plan on expanding their focus on groceries and beauty.
To make room, and to streamline their stores, they will cut down some sections, and offer a “more curated selection of products.”
The categories facing cuts include: Sporting goods, toys, and electronics, making room for more grocery, health, baby, and beauty products.
So, they aren’t phasing out toys in stores completely. It just seems like they’re moving away from being “an everything store”, and they believe their future is better off bringing people in for more recurring purchases.
But people on social media are LOSING IT.
One person said, “NOOOO!!! I have a hard enough time buying toys as it is!” Someone said, “Great, so we really won’t be going to Target anymore.”
Another said, “The golden years of traveling from [toy store to toy store] are sorely missed. It was the absolute best way to spend a Saturday.”
And another said, “Hopefully the half that gets cut is all the cheap cash-grab junk like Funkos, Funko ripoffs, all of the meme / YouTuber junk, and most of the random blind box stuff, but I wouldn’t count on it.”
Target hasn’t directly responded.
(It’s an interesting decision to lean into the grocery, beauty, and health space, which IS more convenient with so many pharmacies like Rite Aid closing. That said, it didn’t work out super well for them, did it?)
(Yahoo Finance / Minnesota Star-Tribune)
